The place Child Boomers Are Transferring

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By Jaclyn DeJohn, CFP

As child boomers proceed to retire in droves, they’re prone to think about downsizing their dwelling preparations to accommodate their new existence. Whereas they’ve the best portion of wealth amongst all generations, they might now not have to pay to be near work in a busy and costly metropolis middle, or might now not want to keep up massive properties and yards. Typically searching for out a well-known group, heat climate, and different facilities, child boomers might also be on the lookout for the perfect bang for his or her buck. The communities chosen by members of this technology finally profit from their {dollars} within the native economic system, and might also see shifts within the general demographics and job market because of this.With this in thoughts, SmartAsset ranked 267 of the biggest U.S. cities primarily based on the proportion of the inhabitants represented by incoming child boomers.

Key Findings

Florida cities and Phoenix suburbs are most popular amongst child boomers who’re relocating. Palm Coast had the best price of child boomers transferring in at 3.69% of the whole inhabitants. Different Floridian cities among the many prime 10 embrace Cape Coral (3.12%), Pompano Seashore (3.07%), Clearwater (3%), Fort Lauderdale (2.75%), Gainesville (2.75%), and Palm Bay (2.70%). Equally, Phoenix, AZ suburbs took the third, fourth, and fifth rankings, together with Scottsdale (3.11%), Shock (3.10%), and Goodyear (23.09%).
This California metropolis had the best price of child boomers transferring in from overseas. A neighborhood within the San Jose metro space, Sunnyvale ranked thirty sixth general with 2.12% of the inhabitants coming in as new boomer transplants. Of those new 3,168 resident child boomers, 1,613 of them—greater than half—got here from overseas.
Greater than 25% of the inhabitants are child boomers in 18 cities. Whereas many of the prime 10 vacation spot cities for child boomers even have the best concentrations of child boomers general, different cities with notably excessive boomer populations embrace Pembroke Pines, FL (29.18%); Thousand Oaks, CA (28.67%); Port St. Lucie, FL (26.76%); St. Petersburg, FL (26.55%); Hialeah, FL (26.15%); Backyard Grove, CA (25.61%); Springfield, IL (25.49%); Huntington Seashore, CA (25.30%); Spring Hill, FL (25.28%); Oceanside, CA (26.23%); and Vallejo, CA (25.08%).
These widespread boomer locations have the bottom housing prices. Of the highest 20 cities the place child boomers are flocking, Las Cruces, NM has the bottom median month-to-month housing prices at $960. The second lowest housing value of the highest 20 is Lakeland, FL, with median housing prices of $1,205 per thirty days. Of the highest 20 cities with the best child boomer populations, the bottom housing prices are in Topeka, KS ($924 per thirty days) and Springfield, IL ($940 per thirty days).

High 20 Cities The place Child Boomers Are Transferring

1. Palm Coast, Florida

% of inhabitants represented by new child boomer transplants: 3.69%
Variety of boomers moved in: 3,753
Whole inhabitants (1 12 months and older): 101,837
Whole variety of child boomers: 32,278
Child boomers moved in from the identical county: 1,359
Child boomers moved in from a unique county, similar state: 599
Child boomers moved in from a unique state: 1,767
Child boomers moved in from overseas: 29
Median family earnings: $70,037
Median month-to-month housing prices: $1,391

2. Cape Coral, Florida

% of inhabitants represented by new child boomer transplants: 3.12%
Variety of boomers moved in: 6,937
Whole inhabitants (1 12 months and older): 222,534
Whole variety of child boomers: 69,729
Child boomers moved in from the identical county: 1,875
Child boomers moved in from a unique county, similar state: 573
Child boomers moved in from a unique state: 2,639
Child boomers moved in from overseas: 1,849
Median family earnings: $74,634
Median month-to-month housing prices: $1,631

3. Scottsdale, Arizona

% of inhabitants represented by new child boomer transplants: 3.11%
Variety of boomers moved in: 7,541
Whole inhabitants (1 12 months and older): 242,388
Whole variety of child boomers: 75,209
Child boomers moved in from the identical county: 3,960
Child boomers moved in from a unique county, similar state: 363
Child boomers moved in from a unique state: 2,789
Child boomers moved in from overseas: 429
Median family earnings: $106,058
Median month-to-month housing prices: $1,875

4. Shock, Arizona

% of inhabitants represented by new child boomer transplants: 3.10%
Variety of boomers moved in: 4,855
Whole inhabitants (1 12 months and older): 156,492
Whole variety of child boomers: 38,181
Child boomers moved in from the identical county: 2,522
Child boomers moved in from a unique county, similar state: 115
Child boomers moved in from a unique state: 1,935
Child boomers moved in from overseas: 283
Median family earnings: $89,560
Median month-to-month housing prices: $1,589

5. Goodyear, Arizona

% of inhabitants represented by new child boomer transplants: 3.09%
Variety of boomers moved in: 3,398
Whole inhabitants (1 12 months and older): 110,133
Whole variety of child boomers: 24,213
Child boomers moved in from the identical county: 1,449
Child boomers moved in from a unique county, similar state: 179
Child boomers moved in from a unique state: 1,770
Child boomers moved in from overseas: 0
Median family earnings: $105,160
Median month-to-month housing prices: $1,755

6. Pompano Seashore, Florida

% of inhabitants represented by new child boomer transplants: 3.07%
Variety of boomers moved in: 3,472
Whole inhabitants (1 12 months and older): 113,039
Whole variety of child boomers: 30,888
Child boomers moved in from the identical county: 1,595
Child boomers moved in from a unique county, similar state: 292
Child boomers moved in from a unique state: 556
Child boomers moved in from overseas: 1,028
Median family earnings: $61,419
Median month-to-month housing prices: $1,591

7. Clearwater, Florida

% of inhabitants represented by new child boomer transplants: 3.00%
Variety of boomers moved in: 3,469
Whole inhabitants (1 12 months and older): 115,632
Whole variety of child boomers: 32,780
Child boomers moved in from the identical county: 1,830
Child boomers moved in from a unique county, similar state: 157
Child boomers moved in from a unique state: 1,005
Child boomers moved in from overseas: 476
Median family earnings: $73,178
Median month-to-month housing prices: $1,548

8. Fort Lauderdale, Florida

% of inhabitants represented by new child boomer transplants: 2.75%
Variety of boomers moved in: 5,025
Whole inhabitants (1 12 months and older): 182,822
Whole variety of child boomers: 49,377
Child boomers moved in from the identical county: 2,564
Child boomers moved in from a unique county, similar state: 527
Child boomers moved in from a unique state: 1,523
Child boomers moved in from overseas: 411
Median family earnings: $80,539
Median month-to-month housing prices: $1,910

9. Gainesville, Florida

% of inhabitants represented by new child boomer transplants: 2.75%
Variety of boomers moved in: 3,973
Whole inhabitants (1 12 months and older): 144,686
Whole variety of child boomers: 21,702
Child boomers moved in from the identical county: 2,685
Child boomers moved in from a unique county, similar state: 319
Child boomers moved in from a unique state: 869
Child boomers moved in from overseas: 100
Median family earnings: $47,099
Median month-to-month housing prices: $1,275

10. Palm Bay, Florida

% of inhabitants represented by new child boomer transplants: 2.70%
Variety of boomers moved in: 3,604
Whole inhabitants (1 12 months and older): 133,709
Whole variety of child boomers: 36,515
Child boomers moved in from the identical county: 1,985
Child boomers moved in from a unique county, similar state: 552
Child boomers moved in from a unique state: 969
Child boomers moved in from overseas: 98
Median family earnings: $67,928
Median month-to-month housing prices: $1,263

11. Miami, Florida

% of inhabitants represented by new child boomer transplants: 2.59%
Variety of boomers moved in: 11,696
Whole inhabitants (1 12 months and older): 451,265
Whole variety of child boomers: 96,503
Child boomers moved in from the identical county: 7,947
Child boomers moved in from a unique county, similar state: 522
Child boomers moved in from a unique state: 631
Child boomers moved in from overseas: 2,596
Median family earnings: $68,635
Median month-to-month housing prices: $1,869

12. Lakeland, Florida

% of inhabitants represented by new child boomer transplants: 2.57%
Variety of boomers moved in: 3,083
Whole inhabitants (1 12 months and older): 119,839
Whole variety of child boomers: 25,665
Child boomers moved in from the identical county: 907
Child boomers moved in from a unique county, similar state: 545
Child boomers moved in from a unique state: 1,426
Child boomers moved in from overseas: 205
Median family earnings: $57,131
Median month-to-month housing prices: $1,205

13. Wilmington, North Carolina

% of inhabitants represented by new child boomer transplants: 2.46%
Variety of boomers moved in: 2,994
Whole inhabitants (1 12 months and older): 121,626
Whole variety of child boomers: 26,747
Child boomers moved in from the identical county: 1,489
Child boomers moved in from a unique county, similar state: 236
Child boomers moved in from a unique state: 1,215
Child boomers moved in from overseas: 55
Median family earnings: $71,362
Median month-to-month housing prices: $1,457

14. Paradise, Nevada

% of inhabitants represented by new child boomer transplants: 2.45%
Variety of boomers moved in: 4,316
Whole inhabitants (1 12 months and older): 176,030
Whole variety of child boomers: 37,787
Child boomers moved in from the identical county: 2,055
Child boomers moved in from a unique county, similar state: 0
Child boomers moved in from a unique state: 1,709
Child boomers moved in from overseas: 552
Median family earnings: $61,680
Median month-to-month housing prices: $1,360

15. West Palm Seashore, Florida

% of inhabitants represented by new child boomer transplants: 2.44%
Variety of boomers moved in: 3,009
Whole inhabitants (1 12 months and older): 123,075
Whole variety of child boomers: 26,681
Child boomers moved in from the identical county: 2,061
Child boomers moved in from a unique county, similar state: 282
Child boomers moved in from a unique state: 393
Child boomers moved in from overseas: 273
Median family earnings: $83,205
Median month-to-month housing prices: $1,825

16. Allentown, Pennsylvania

% of inhabitants represented by new child boomer transplants: 2.37%
Variety of boomers moved in: 2,917
Whole inhabitants (1 12 months and older): 123,307
Whole variety of child boomers: 21,456
Child boomers moved in from the identical county: 1,335
Child boomers moved in from a unique county, similar state: 258
Child boomers moved in from a unique state: 449
Child boomers moved in from overseas: 875
Median family earnings: $47,175
Median month-to-month housing prices: $1,232

17. Tyler, Texas

% of inhabitants represented by new child boomer transplants: 2.36%
Variety of boomers moved in: 2,572
Whole inhabitants (1 12 months and older): 108,779
Whole variety of child boomers: 22,329
Child boomers moved in from the identical county: 1,580
Child boomers moved in from a unique county, similar state: 196
Child boomers moved in from a unique state: 391
Child boomers moved in from overseas: 405
Median family earnings: $68,441
Median month-to-month housing prices: $1,246

18. Las Cruces, New Mexico

% of inhabitants represented by new child boomer transplants: 2.36%
Variety of boomers moved in: 2,687
Whole inhabitants (1 12 months and older): 113,884
Whole variety of child boomers: 22,301
Child boomers moved in from the identical county: 970
Child boomers moved in from a unique county, similar state: 569
Child boomers moved in from a unique state: 1,148
Child boomers moved in from overseas: 0
Median family earnings: $55,012
Median month-to-month housing prices: $960

19. Henderson, Nevada

% of inhabitants represented by new child boomer transplants: 2.35%
Variety of boomers moved in: 7,866
Whole inhabitants (1 12 months and older): 334,461
Whole variety of child boomers: 81,630
Child boomers moved in from the identical county: 3,996
Child boomers moved in from a unique county, similar state: 42
Child boomers moved in from a unique state: 3,498
Child boomers moved in from overseas: 331
Median family earnings: $82,476
Median month-to-month housing prices: $1,741

20. Oceanside, California

% of inhabitants represented by new child boomer transplants: 2.32%
Variety of boomers moved in: 3,908
Whole inhabitants (1 12 months and older): 168,494
Whole variety of child boomers: 42,515
Child boomers moved in from the identical county: 2,563
Child boomers moved in from a unique county, similar state: 711
Child boomers moved in from a unique state: 485
Child boomers moved in from overseas: 148
Median family earnings: $99,108
Median month-to-month housing prices: $2,245

Information and Methodology

Information comes from the Census Bureau 1-Yr American Neighborhood Survey for 2023. This SmartAsset research included 267 cities with accessible information and 100,000 or extra individuals aged one or over. Boomers have been outlined as individuals ages 55 to 74. Cities have been ranked by the proportion of the whole inhabitants represented by child boomers who moved into the town in 2023. Median family earnings and month-to-month housing prices have been additionally examined.

This story was produced by SmartAsset and reviewed and distributed by Stacker.

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