5 Cities Where the Most People Are About To Retire
Written by
Crystal Mayer
Edited by
Rebekah Evans
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Throughout the U.S., several cities have large populations of pre-retirees or people aged 55 to 64. These areas give a clue to where people are about to retire and while their income may change drastically once they quit their 9-to-5, they are often making big bucks in the years before.
Below are the five cities where the most people are about to retire, along with how much pre-retirees earn, according to SmartAsset.
Also here are 50 of the best retirement cities for the middle class.
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For You: 8Â Clever Retirees Are Earning Up To $1K per Month From HomeÂ
Hialeah, Florida
According to the financial technology company SmartAsset, Hialeah, Florida, has the highest prevalence of pre-retirees. There are over 39,000 people aged 55 to 64, accounting for nearly 17% of the city’s population. Pre-retirees make a median household income of $71,622 and nearly 5% are high-income earners making more than $200,000 per year. The Miami suburb is known for its mild temperatures, making it an ideal location for retirees hoping to enjoy year-round sunshine.
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Huntington Beach, California
The opposite coast also draws its fair share of pre-retirees. People aged 55 to 64 make up over 16% of the population in Huntington Beach, California. The coastal town has over 32,000 residents that are nearing retirement age and 33% fall into the category of high earners. Good surf and an enjoyable climate make the city an attractive location for retirees. The high cost of living, however, may be a deterrent for retirees on a budget. The median sales price of a home in the area is $1.2 million, according to Redfin.
Inglewood, California
Inglewood also made the list for cities with the highest prevalence of pre-retirees. Almost 16% of the population consists of people aged 55 to 64. Pre-retirees residing in the Los Angeles area city have a median household income of $79,414 and 12% make $200,000 or more per year. With multiple sports and entertainment venues, active retirees will never be bored.
Cape Coral, Florida
Over 15% of the population in Cape Coral, Florida are pre-retirees. The group have a median household income of $104,988 and 13% bring in $200,000 or more each year. Cost of living in the city is only slightly higher than the national average, according to BestPlaces, making it more affordable than some other cities in the Sunshine State.Â
Clearwater, Florida
Another Florida city with a large number of pre-retirees, was Clearwater. The centrally-located city has 17,651 people between the ages of 55 and 64, accounting for 15% of its population. Pre-retirees in the area had a median household income of $72,376 and nearly 11% were high-income earnings making $200,000 or more per year. Warm weather and endless coastline make it a huge draw for retirees.
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