Where Are Retirees Moving in 2020?

Retirees are ready to get out. Roughly 930,000 people aged over 60 moved out of state in 2018. In order to get a better sense of where they’re going, SmartAsset analyzed data from the Census Bureau and tallied up the number of retirees moving to an area and the number packing their bags to leave. After years of dreaming about piña coladas and warmer weather, it is no surprise that retirees are flocking down south: The most northern city on the top 10 list is Denver, Colorado, while the rest are scattered in the South and Southwest. But there are a few cold weather surprises. Check out the rankings of states and cities to see if either of yours made the list. 

In 2018, roughly 930,000 people ages 60 and older moved across state lines, an increase of about 16% from five years earlier. Whatever reasons factor into their decisions, whether financial or personal, retirees must thoroughly consider the implications of moving, such as different tax rates and housing costs in new locales. That’s why speaking to an expert advisor might be a smart course of action before jumping in.

With an increasing number of retirees uprooting themselves and facing new financial realities, SmartAsset decided to look at some of the states and cities where retirees are moving to the most. Using data from the Census Bureau, we compared the number of people 60 years and older who moved into a state or city to the number of people who moved out. For details on our data sources and how we put all the information together to create our final rankings, check out our Data and Methodology section below.

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