According to research, only the top 1% of retirees will retire and not have to worry about the cost of living. These fortunate retirees will be able to choose any town, city or state, which offers luxury homes, climate, on site amenities, as well as dining and shopping. Let’s look at some of the best places for affluent retirees.
1. Palm Beach, Florida – Florida is home to millionaires and billionaires. A relaxing lifestyle, sunny beaches, excellent weather and plenty of entertainment, draw in many wealthy retirees to this beautiful state. Although a home in Palm Beach may be on the expensive side for the average, there are many Active Adult Living for wealthy retirees to consider; for example, a home in Trilogy Orlando by Shea Homes in Groveland will cost about $180,000 to the low $300s.
2. Paradise Valley, Arizona – Affluent retirees looking for lavish resorts, fine dining and superb golf courses will enjoy this beautiful Scottsdale suburb. Wonderful weather, year round, and its proximity to Phoenix and Scottsdale, plus its lavish lifestyle draw in many wealthy retirees. Arizona boasts a number of luxury active adult communities, although not directly in Paradise Valley. These include Encanterra Country Club by Shea Homes, in San Tan Valley and Pebble Creek Resort in Goodyear.
3. Hillsborough, California – This is a small town of just 10,000 and land is plenty. The minimum size of a house in this town is 2,500 square feet with a lot size of half an acre. Although there are no over 55 communities here, there are many luxury communities in California including Trilogy at the Vineyards by Shea Homes in Brentwood.
4. Wolf Trap, Virginia – In 2013 the average cost of a home in this Washington DC suburb was $800,000. Retirees interested in performing arts can make the most of the more than 100 performances which take place every summer at the Wolf Trap National Park for the Performing Arts. The best performances can be found at this venue, an enjoyable pastime.
5. Mercer Island, Washington –Mercer Island is the wealthiest area in the State of Washington. The island is just five miles by two miles, and Interstate 90 connects the island with nearby Seattle. If interested in living in the state of Washington, there are 85 active retirement communities to be found. Any one of these communities may be ideal for you.
6. Bethesda, Maryland – Bethesda has an approximate population of 58,000 and is home to the Bethesda Naval Hospital. A home in this suburb of Washington DC will cost you an approximate median figure of $781,000. In addition, the cost of living in Bethesda is also high, though this may not be a problem for some. Maryland is also home to several active adult communities which include Village of Cecil Woods in Elkton and Ocean Pines – The Parks in Ocean Pines.
7. Hinsdale, Illinois – Although a small suburb in Chicago with approximately 17,000 residents, Hinsdale is one of the wealthiest towns in Illinois. The median cost of a home (in December 2013) was $997,000. Illinois offers a variety of attractions for retirees to enjoy including the national historic districts.
8. Kailua, Hawaii – Wealthy “surfer” retirees hoping to enjoy sunny days, beautiful beaches and lagoons, gorgeous scenery and the three peaks of Mount Olomana, can consider retiring to Kailua, Hawaii. Located just 12 miles northeast of Honolulu, in 2013 the median cost of a home was $848,200.
9. Newton, Massachusetts – This is an affluent suburb in Boston which boasts a median home price of $793,200. This city comprises of 13 villages and each village has its own shopping and parks. This gorgeous suburb is exactly what wealthy retirees may be looking for when considering retirement.
10. Brentwood, Tennessee – Brentwood, a suburb, just outside of Nashville, boasts upscale homes on large, one-acre lots. There are also more than 575 acres of parks and greenways making this place ideal for wealthy 55+ seniors.
So, there you have it, the ten best places for wealthy retirees. This does not mean you will not enjoy life if you don’t live in any one of these places. There are so many choices you can enjoy to suite your lifestyle and your needs. Visit ActiveAdultLiving.com®, the website that offers loads of information on over 6,200 active adult communities. This website will let you know you don’t have to be wealthy to find your ideal retirement destination.
