"Worktirement" is the moniker given to retirees working part-time jobs. The best cities for worktirees are typically smaller and warmer.
Ranked as 15 worst places for a worktirement are cities like Boston, Philadelphia, Detroit, and Chicago. Indeed, the entire Northeast scored poorly as a worktirement destination. Warmer states like California, Florida, and Texas each had two cities in the SmartAsset ranking, and Phoenix made the list as well. The top city was Santa Barbara, Calif. because of its amenities like medical centers, retirement communities, and recreation centers, and because seniors make up about 17 percent of the population, with only a 1.3 unemployment rate.
The average American can expect to live nearly 79 years. That is a full 14 years after the typical retirement age of 65. While many Americans perhaps imagine themselves filling those 14 years of retirement in blissful leisure, many others decide to spend part of it working. If you are the type of retiree who knows they will be spending some time in retirement doing some extra work, you will want to make sure you settle down in a place with plenty of working opportunity for seniors.
Advertisement
Related Stories
New-Home Sales
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Labor + Trade Relations
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Build to Rent
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development