With at least 20 percent of baby boomers financially unprepared for their golden years, the stakes are high for older job seekers. If they’re unable to continue working, they might find themselves struggling with economic hardships throughout retirement.
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A new study from Over50JobBoard.com reveals the cities offering baby boomers their best chances of securing a job. Rankings are based on the total number of job listings in each city within a 25-mile range for baby boomers. Unsurprisingly, cities with the largest populations tend to have the most boomer employment opportunities. Still, there are a few cities that you wouldn't expect to make the list.
Click through to see the 10 best cities to find work if you‘re 50 years old and older.
10. San Francisco
San Francisco is up first with 584 open positions for baby boomers. The Bay Area is well known for its information and communication technology and health care industries. With an estimated population of 852,469 and 14.4 percent of the population being 65 or older, according to the U.S. Census Bureau, this is a great city for baby boomers to look for work.
According to research from the State of California Employment Development Department, the occupations with the most job openings — from 2012 to 2022 in San Francisco County — that fit the over-50 demographic are software developers, accountants and auditors, general and operations managers, market research analysts, office clerks, software developers and registered nurses, among others.
Miami is No. 9 on the list with 851 open positions for baby boomers. As a bonus, Florida doesn‘t have an income tax, which might allow you to save more of your paycheck or put it toward retirement if you‘re lagging behind. If you‘ve dreamed of retiring and moving to Florida, spending a few years working in Miami can make for a smooth transition.
According to the Bureau of Labor Statistics, the professional and business services sector, the trade, transportation and utilities sector, and the leisure and hospitality sector added the most jobs from September 2014 to September 2015.
The Windy City is No. 8 on the list with 869 positions available for baby boomers. Chicago is a great place to live, especially for boomers concerned with the cost of living. According to World Business Chicago (WBC), Chicago is cheaper than its notoriously expensive counterparts — San Francisco, Los Angeles and New York City — based on rent and housing prices.
WBC cites business services as a top industry in the city, employing more than 720,000 people. Biotechnology, auto manufacturing, fabricated materials, health services, food manufacturing, medical technology and water are other key industries in the city.
With 1,073 open positions for baby boomers, Dallas comes in at No. 7. This Texas city was crowned No. 11 in job growth and No. 15 for best places for business and careers by Forbes.
If that's not enough to convince you to move to Dallas, Forbes also reports the city enjoys a low cost of living compared with other cities on this list, with a median home price of $150,800 and a median household income of $58,926. The unemployment rate is 4.1 percent, and there‘s no state income tax.
Next up is Atlanta with 1,268 positions available for baby boomers. It‘s on the smaller side with an estimated population of 456,002. According to the U.S. Census Bureau, 9.8 percent of people in Atlanta are over 65 years of age. According to the Metro Atlanta Chamber, Atlanta is home to major companies, including Home Depot, Coca-Cola, Delta Air Lines and more.
5. Los Angeles
Los Angeles has 1,293 positions open for baby boomers, placing it in the top 5. LA is easily one of the largest cities on this list with an estimated population of 3.9 million, 10.5 percent of which is over 65 years old.
According to the Employment Development Department of the State of California, some of the fastest-growing occupations in LA are physical therapists, biochemists and biophysicists, economists, statisticians, market research analysts, museum technicians and conservators, and environmental scientists, along with a variety of specialized teachers.
With 1,550 available positions for baby boomers, Philadelphia is No. 4 on the list. While it‘s a large city with an estimated population of 1.6 million, 12.5 percent of those living there are 65 and older — one of the highest percentages on this list.
A Philadelphia Works study found that 20 percent of workers in Philadelphia are 55 and over, and the industries likely to employ older workers include advanced manufacturing, bio-medical and education.
3. Fairfax, Va
Fairfax is No. 3 with 1,587 open positions. This Virginia city has a population of only 24,483 with 13.7 percent being over age 65. Still, Fairfax employs many older workers.
According to the Virginia Employment Commission, there are 136,221 people between the ages of 45 and 54 working in Fairfax County's industries; there are 87,872 workers between the ages of 55 and 64. The professional, scientific and technical services industry employs the largest number of older workers. The educational services industry — as well as the health care and social assistance industries — employ many older workers as well compared with other industries.
2. Newark, N.J
The runner-up for the best city for baby boomers is Newark with 1,758 open positions. Its population is on the smaller side with only 280,579 people, 8.6 percent of which is over age 65.
Forbes lists insurance, banking and education as the major industries in this New Jersey city. But, it's expensive to live here. Newark is listed as having a cost of living 28.9 percent above the national average, and the median home price is $356,000. To offset the costs, the median household income is on the higher side at $74,991, though the unemployment rate is 6 percent.
1. New York City
It probably shouldn‘t come as a surprise that New York City tops the list with 2,224 open positions, making it the best city for baby boomers to find work. After all, it‘s home to approximately 8.5 million people with 12.1 percent being 65 or older.
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You might think it‘s too expensive to live or work in the city. But because New York is so diverse, you can make it as cheap or as expensive as you want — even if the cost of living is 23.3 percent above the national average (still less than Newark). Additionally, the New York State Department of Labor recently announced the unemployment rate of New York City is at its lowest level since 2008 at 5.1 percent.