Johnnie Creel & The Creel Group

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Where Are Retirees Moving?

Today, I read an interesting article regarding retirees and where they are relocating on the National Association of Realtors “Economist’s Outlook” Blog. I am sharing an excerpt below:

Homes for Retirees in Knoxville

Many people choose to change location when they retire. Below is a story based on the migration flows for retirees (65 years +) in the 100 largest metropolitan areas. Specifically, the story compares the percentage of people (any age) moving from different state to these cities and the percentage of retirees moving and living in these cities.

  • Florida has experienced the highest inflow of retirees. The area between Sarasota and Cape Coral – Fort Myers are the most favorable cities among retirees on the move. Miami has also large number of retirees moving (12.6%) and living (24.5%) there.
  • McAllen, Texas has a large number of retirees moving to the city. Almost one out of five people moving to the city is a retiree. The benefits of lower medical cost across the border may be the reason.
  • Phoenix and Tucson have many retirees moving and living in the city.
  • One out of 10 people moving to Las Vegas is 65 years and older.
  • Youngstown (16.1% of the population), Scranton (18.1%) and Buffalo (16.1%) have a sizable retiree population. But the reasons are due to younger people going elsewhere.

In regard to Knoxville, the share of retiree movers to movers of any age is 8.8%. The Knoxville area offers close proximity to the Great Smoky Mountains National Park, as well as lakes, parks, golf, and many more recreational activities, and the climate offers four unique but moderate seasons. Many people choose to relocate to Knoxville to escape the brutal winters of the Northern states, wildfires of the West, and the heat and hurricanes of the Gulf Coast. Learn more about low-maintenance homes for sale in Knoxville, TN.

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