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Baby boomers rank Denver high among retirement destinations

by | Dec 10, 2019 | Blog, Denver Real Estate Market, Real Estate, Relocating to Denver, Where To Live In Denver

No longer babies, the baby boomers are retiring and considering where and how they want to live out their lives. While warm weather states like Florida and Arizona remain popular retirement destinations, Denver consistently ranks high among their choices.

In a recent study by Clovered that surveyed 1,108 adults, Denver placed second on the list of places boomers would consider moving to, just behind Virginia Beach, VA. The city also ranked high with millennials and Gen Xers.

“A competitive housing market, a healthy job market, five-star weather…it’s no wonder that Denver was the only city to make all three generations’ top two most desirable cities,” notes a spokesman for the report.

Similarly, a recent WalletHub report ranked Denver 6th in best places to retire across the country, behind Orlando, FL; Tampa, FL; Scottsdale, AZ; Charleston, SC and Miami, FL.

The WalletHub study considered affordability, activities, quality of life and health care. Denver missed the top ranking in the Clovered study due in part to its high housing costs: “Although Denver got dinged for longer commute times and slightly higher crime rates, what pushed it down the most in the ranking was a higher cost of living. Rents have shot up this decade and home prices have shot up,” notes the Denver Post in discussing the study’s findings.

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