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U.S. Cities are the Best Places for
Retirement? Portfolio.com ranks the Most
Attractive for Seniors
Top Ten List Dominated By Warm Weather
2010 /PRNewswire/ -- Portfolio.com – the national business news site for
small and mid-sized business (SMB)
executives – today revealed its latest U.S. Uncovered study, ranking the most popular and desired
cities for retirement.
which used a six-part formula to rank 157
metropolitan and micropolitan markets with
at least 40,000 seniors, named Bradenton-Sarasota,
the number one choice for seniors'
"Beginning next year, an unprecedented three
million Americans will turn 65. While most
of these seniors are expected to stay in
their current homes, a significant number
will decide to seek new places to live in
other parts of the country," said J.
editor of Portfolio.com.
"In addition to warm cities, we've also seen
that seniors are attracted to communities
that already have a significant population
of retirees. This demonstrates that seniors
will go to places that already have a
comfortable infrastructure in place."
Already thought to be the classic retirement
destination, the state of Florida is home to eight of the top ten cities in the
survey, with Bradenton-Sarasota taking the top spot.
Senior citizens represent 26.81 percent of
the city's population, which is more than
double the national average of 12.9 percent.
With a population of 688,126, Bradenton-Sarasota is the largest city among the top 10, while
Homosassa Springs, Fla. (#7) is the smallest
with a population of 140,357. More than 95
percent of seniors residing inBradenton-Sarasota were born out of state compared to only 53 percent
of the elderly residents of a typical U.S.
market who were born out of state.
The Most Popular
Lake Havasu City, Ariz.
Cape Coral-Fort Myers, Fla.
Palm Bay-Melbourne, Fla.
Homosassa Springs, Fla.
Punta Gorda, Fla.
Port St. Lucie, Fla.
Two cities from Arizona earned a place in the top 10. Prescott,
#2 in the study with 23.6 percent of its
population comprised of seniors. Lake
Havasu City, Ariz. followed
directly behind taking the #3 spot. The rest
of the top 10 are occupied by Florida cities including Cape Carol-Fort Myers, Naples,Palm
Homosassa Springs, Ocala, Punta
Gorda and Port
"The study explores a wide variety of
markets, both in terms of size and
geography. The markets that ranked the
highest in the study were areas where the
population of seniors is already substantial
and growing rapidly," said G.
Scott Thomas, a nationally-recognized demographer who created the analysis for
"While not surprising that many cities in
the top 30 were from the southeast and
southwest, there are several cities that
have broken the stereotype of beach
retirement communities includingSeaford,
Del. (#13), Barnstable,
from the north."
The study used data from the American
Community Survey, which was conducted in
2009 and released in
September 2010 by
the U.S. Census Bureau. Data was used from
the top 157 metropolitan and micropolitan
areas with at least 40,000 residents that
can be classified as seniors.
Rankings were determined using six
statistical indicators: seniors as a share
of the total population, median age, seniors
born out of state, incoming seniors,
difference in out-of-state births and
difference in incoming rates.
The U.S. Uncovered series provides original, insightful analysis of the
American lifestyle and business trends of
interest to the highly lucrative market of
small- and mid-sized business executives,
who will fuel the country's economic
recovery over the next five years.
Most recently, the U.S. Uncovered revealed the most educated cities with a unique "Brainpower
Index," ranking Boulder,
America's smartest city.
The series also disclosed the rankings of
the cities with the "Highest
Income Growth," ranking El
Paso as the city with the most growth potential; "Most
Stressful Place in America,"
ranking Detroit as the most stressful city; "Best
Mid-size Places to Live" ranking Boulder,
the small city with the highest quality of
Big Places to Live," ranking Raleigh as #1; "Best
Cities to have fun," ranking New
York City as
U.S. Wealth Centers," naming
Newport Beach as #1; "Small
Business Vitality," naming Texas the best state and Austin the top city for small business; and "Best
Places for Young Adults," naming
the Southwestern region the new frontier for
young Americans with Austin as #1.
Portfolio.com is the national business news
site for small and mid-sized business
executives. Comprising original, in-depth
reporting, thought-provoking insights,
colorful features, exclusive analysis of
custom research, and an intelligent
business-news filtering tool, Portfolio.com
is the first national business media outlet
dedicated solely to delivering actionable
news and information to this coveted
audience. Portfolio.com relaunched in December
the information destination for business
executives, insiders and strategists within
the growing and profitable American City
About American City Business Journals
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events across the country. It is the largest
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United States. More than 4 million readers each week engage with exclusive, in-depth
coverage of local business communities; some
9 million unique monthly users engage with
the company's digital content; more than 11
million e-newsletters are delivered each
month via email; and the company sees more
than 1 million mobile page views each
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