Changes to your next 401(k) statement could be alarming, but don't panic just yet.
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Many Americans who have bid farewell to the workforce or are thinking about it are turning to places that offer affordability, a strong economy, quality health care options, less traffic, and overall, more comfort. Neighborhoods outside major cities and metropolitan areas have grown in popularity among retirees, with 26% moving to smaller towns, but the overall number of people moving for retirement is down.
In 2021, American retirement relocations dropped significantly—approximately 43% less than the previous year, its lowest number of retiree relocations in five years. The Economic Research Federal Reserve Bank of St. Louis suggests this was a result of the ongoing COVID-19 pandemic, soaring home prices, and retirees not having enough savings.
- Nicole Glass Photography // Shutterstock
- Population: 4,105 (16% age 55-64 and 40% age 65+)
- Homeowners: 82% of the population
- MiNiProduction // Shutterstock
- Population: 1,162 (17% age 55-64 and 28% age 65+)
- Homeowners: 100% of the population
- Diana Daley // Shutterstock
- Population: 7,597 (18% age 55-64 and 25% age 65+)
- Homeowners: 72% of the population
- Billwhittaker // Wikimedia Commons
- Population: 9,622 (15% age 55-64 and 23% age 65+)
- Homeowners: 78% of the population
- Nicole Glass Photography // Shutterstock
- Population: 11,077 (15% age 55-64 and 30% age 65+)
- Homeowners: 85% of the population
- Amy Kerkemeyer // Shutterstock
- Population: 1,271 (23% age 55-64 and 50% age 65+)
- Homeowners: 86% of the population
- Andrew F. Kazmierski // Shutterstock
- Population: 7,212 (16% age 55-64 and 19% age 65+)
- Homeowners: 81% of the population
- arthurgphotography // Shutterstock
- Population: 10,669 (20% age 55-64 and 40% age 65+)
- Homeowners: 79% of the population
- bsankow // Shutterstock
- Population: 1,028 (18% age 55-64 and 29% age 65+)
- Homeowners: 77% of the population
- Bob LoCicero // Shutterstock
- Population: 2,703 (14% age 55-64 and 26% age 65+)
- Homeowners: 77% of the population
- Jonathan Green // Wikimedia Commons
Best small towns for retirees in every state
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Best small towns for retirees in every state
Many Americans who have bid farewell to the workforce or are thinking about it are turning to places that offer affordability, a strong economy, quality health care options, less traffic, and overall, more comfort. Neighborhoods outside major cities and metropolitan areas have grown in popularity among retirees, with 26% moving to smaller towns, but the overall number of people moving for retirement is down.
In 2021, American retirement relocations dropped significantly—approximately 43% less than the previous year, its lowest number of retiree relocations in five years. The Economic Research Federal Reserve Bank of St. Louis suggests this was a result of the ongoing COVID-19 pandemic, soaring home prices, and retirees not having enough savings.
- Nicole Glass Photography // Shutterstock
- Population: 4,105 (16% age 55-64 and 40% age 65+)
- Homeowners: 82% of the population
- MiNiProduction // Shutterstock
- Population: 1,162 (17% age 55-64 and 28% age 65+)
- Homeowners: 100% of the population
- Diana Daley // Shutterstock
- Population: 7,597 (18% age 55-64 and 25% age 65+)
- Homeowners: 72% of the population
- Billwhittaker // Wikimedia Commons
- Population: 9,622 (15% age 55-64 and 23% age 65+)
- Homeowners: 78% of the population
- Nicole Glass Photography // Shutterstock
- Population: 11,077 (15% age 55-64 and 30% age 65+)
- Homeowners: 85% of the population
- Amy Kerkemeyer // Shutterstock
- Population: 1,271 (23% age 55-64 and 50% age 65+)
- Homeowners: 86% of the population
- Andrew F. Kazmierski // Shutterstock
- Population: 7,212 (16% age 55-64 and 19% age 65+)
- Homeowners: 81% of the population
- arthurgphotography // Shutterstock
- Population: 10,669 (20% age 55-64 and 40% age 65+)
- Homeowners: 79% of the population
- bsankow // Shutterstock
- Population: 1,028 (18% age 55-64 and 29% age 65+)
- Homeowners: 77% of the population
- Bob LoCicero // Shutterstock
- Population: 2,703 (14% age 55-64 and 26% age 65+)
- Homeowners: 77% of the population
- Jonathan Green // Wikimedia Commons
