Florida and Arizona: Baby Boomer Magnets

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Many baby boomers spent heavily to retire in jumbo-size houses in such Sunbelt states as Arizona, Florida and South Carolina. But as these sprawling houses cease to meet the needs of their aging.

Four years of rising home prices are creating new opportunities for a lot of baby boomers and others nearing retirement. for their money in cheaper markets in Idaho, Tennessee, Florida, Arizona and.

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Metro areas with a lower cost of living and sunnier weather are poised to see an increased number of baby boomers moving in and buying a home as some delay retirement and remain participants in the labor market, Florida and Arizona: Baby Boomer Magnets.

Much of this increase in western migration is attributable to millennials and baby boomers. Data from the IRS show that between 2012 and 2016, 26-34 year olds (a fixed age group in these data) flocked to the West, especially to Washington, Oregon, and Colorado, and, to a lesser extent, Montana, Idaho, and Nevada.

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A couple of new rankings show arizona, and particularly several Valley cities, are the most popular for Baby Boomers to move to after they stop working full time. Arizona ranked second behind Florida for drawing the most people over 60, according to personal finance firm Smartasset.

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America is beginning to show its age as the baby boom generation. Now, as the oldest boomers turn 65, demographers and local planners predict that most of them will not move to retirement areas.

“Aging boomers. Florida in the last two years. New Census numbers also suggest a large number of people continue to leave the Northeast, the Midwest and California. Also likely to benefit will be.

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