The baby boomer age wave will increase the need for senior living across the country, but some cities will be particular hotbeds of demand. A recent list from Move.org ranks the top cities for empty nesters, highlighting some smaller metro areas that could be attracting large numbers of older adults in the coming years.
Carson City, Nevada tops the list, buoyed by its appealing location and reasonable housing prices.
Move.org considered several aspects while researching U.S. cities for the list, such as: population density, lower cost of living, moderate climates, number of people between 50 and 65 years old migrating to the area, tax friendliness and proximity to airports.
The top 10 list for empty nesters includes:
Carson City, Nevada
College Station, Texas
Walla Walla, Washington
El Paso, Texas
Move.org analyzed over 400 cities for the ranking.
While Carson City and the five Texas cities on the list might be luring new empty nesters, they likely will not be in the market for senior living for many years. And currently, there are indications that senior living is overbuilt in larger Nevada and Texas cities. Las Vegas has the lowest penetration rate in the nation, and San Antonio has the lowest overall senior housing occupancy, Chuck Harry, chief of research and analytics at the National Investment Centers at Seniors Housing & Care (NIC), said Tuesday at the SMASH conference in Chicago.
Written by Kaitlyn Mattson