Arizona’s Retirees Are Fleeing: Here’s Where They’re Settling
Written by
Katie Wudel
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In recent years, Arizona has been witnessing a significant exodus of its retiree population. Known for its warm climate and picturesque landscapes, Arizona has long been a favored destination for retirees. However, a shift in preferences and various socio-economic factors have led to a change in this trend.
Roughly 1 in 8 retirees who leave their state report a rise in housing expenses as their top reason, according to AARP. The average cost of a comfortable retirement in New Mexico, for example, is $68,008. Arizona’s cost of living, on the other hand, tends to be a bit higher, with the cost of a comfortable retirement hovering around $77, 404, according to GOBankingRates data. Here’s more on why retirees are leaving Arizona and where they’re moving. Â
Changing Tides: Why Arizona’s Retirees Are Leaving
The decision to leave Arizona is the result of several factors. First is the rising cost of living. What was once an affordable haven has seen a steep increase in housing prices and general living expenses, making it less attractive to retirees on fixed incomes.
Furthermore, extreme weather conditions, particularly the intensifying summer heat, have also contributed to this outflow. The state has experienced some of the highest temperatures on record in recent years, making it increasingly uncomfortable for older people.
Healthcare Concerns
Another significant factor influencing this trend is healthcare. As retirees age, access to quality healthcare becomes a priority. Arizona, while having good facilities, has seen a strain on its healthcare system due to the growing population. Retirees are now seeking locations with more accessible and advanced healthcare options, particularly those specializing in geriatric care.
Where Are Arizona Retirees Going?
Retirees from Arizona are branching out to various parts of the country, seeking comfort, affordability, and quality of life. Here are some popular destinations.
1. Texas: The New Frontier
Texas has emerged as a new favorite, with its low cost of living and absence of state income tax. Places like Austin and San Antonio offer a blend of urban amenities and cultural richness, making them attractive to retirees.
2. The Carolinas: Charm and Comfort
North and South Carolina are gaining popularity for their temperate climate, scenic beauty, and affordable living. Asheville in North Carolina and Charleston in South Carolina are notable for their historic charm and friendly communities.
3. The Pacific Northwest: Nature’s Haven
Oregon and Washington are attracting retirees who seek a cooler climate and love the outdoors. Cities like Portland and Seattle offer a mix of urban living and access to nature, along with excellent healthcare facilities.
Social and Family Ties
An often-overlooked factor in this migration is the desire to be closer to family. As the population ages, the proximity to children and grandchildren becomes a significant consideration. States with higher concentrations of younger populations are seeing an influx of retirees for this reason.
The Takeaway
The shifting patterns in retirement migration reflect a broader change in the priorities and needs of the aging population. While Arizona continues to be home to a significant retiree community, the state’s changing demographics and environmental conditions are influencing new choices.
As retirees seek out locations that offer a balance of affordability, healthcare, and lifestyle, there is a diversification in the retirement landscape across the United States. This trend is a reminder of the dynamic nature of retirement planning and the importance of considering a multitude of factors in making such life-changing decisions.
Editor's note: This article was produced via automated technology and then fine-tuned and verified for accuracy by a member of GOBankingRates' editorial team.
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