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11 Finest Locations to Retire in Colorado in 2023



Many individuals spend years dreaming of what their retirement will appear to be. Along with the entire monetary planning that goes into it, you’ve most likely additionally dreamed about what you’ll do along with your newfound free time. Lastly, you will have given some thought to the place you’ll dwell. Certain, southern states like Florida and Texas have lengthy been widespread for retirees. However many individuals at the moment are branching out and in search of different locations to spend their golden years, together with Colorado.

Is Colorado a Good Place to Retire?

Colorado has gotten a lot consideration in recent times and has turn into a widespread place to retire. Its inhabitants has constantly elevated over the previous a number of years, and it’s straightforward to see why.

First, Colorado has some apparent advantages relating to the panorama and recreation. The state is full of mountains and lakes, which means individuals who take pleasure in outside recreation will really feel proper at dwelling in Colorado.

Colorado additionally stands out as being one of many healthiest locations to dwell. Along with on a regular basis its residents spend outdoor, Colorado additionally has one of many lowest weight problems charges within the nation and is thought for its wholesome (whereas nonetheless scrumptious) meals, a lot of which is regionally grown. The state has a number of hospitals which can be nationally ranked and gives a number of the greatest healthcare companies to seniors and younger individuals alike.

Moreover, Colorado has a powerful tradition. Along with its sturdy outside tradition, it additionally has a powerful artwork scene and is thought for its craft breweries and wineries.

Lastly, Colorado has some monetary advantages. Sure, the price of residing is larger than the nationwide common, and it’s been rising as extra individuals have moved to the state. Nevertheless, Colorado can also be tax-friendly for seniors. The state permits a big deduction for retirement earnings for people 65 and older. Moreover, the state has a number of the lowest gross sales and property taxes within the nation, in addition to a property tax exemption for seniors who personal and occupy their properties in Colorado.

11 Finest Locations to Retire in Colorado

1. Greeley

  • Inhabitants: 109,323
  • % of Inhabitants 65 and Older:2%
  • Median Residence Worth: $458,146
  • Value of Residing (In comparison with the State Common): 13% decrease
  • Value of Healthcare (In comparison with the State Common): 3% decrease
  • Crime Fee (In comparison with the State Common): 11% decrease
  • Facilities Rating: A+

Greeley is a big metropolis in Weld County within the northern a part of Colorado. It’s positioned a brief drive from loads of different key areas within the state, together with Fort Collins, Boulder, Denver, and Rocky Mountain Nationwide Park. Greeley is a school city and is dwelling to the College of Northern Colorado. It’s additionally dwelling to WeldWerks Brewery, which is among the hottest in Colorado. Greeley has loads of outside recreation, together with climbing trails, grasslands, parks, and extra. Lastly, town has a powerful historical past and tradition which you can expertise on the native museums and different native points of interest.

Greeley has loads of perks for retirees and different residents. First, town’s housing costs, healthcare prices, and total value of residing are all decrease than the state’s common. It additionally has a low crime charge and many facilities. The one draw back to Greeley is the small senior inhabitants, which may make it tougher to construct a group.

2. Pueblo

  • Inhabitants: 112,368
  • % of Inhabitants 65 and Older:2%
  • Median Residence Worth: $312,177
  • Value of Residing (In comparison with the State Common): 20% decrease
  • Value of Healthcare (In comparison with the State Common): 9% decrease
  • Crime Fee (In comparison with the State Common): 74% larger
  • Facilities Rating: A+

Pueblo is a big Colorado metropolis close to the central a part of the state. The town is dwelling to the Colorado State College of Pueblo, the Pueblo Zoo, the Historic Arkansas Riverwalk, and Lake Pueblo State Park, which sits on the Pueblo Reservoir. The park is a well-liked spot for fishing, boating, and tenting. Pueblo has a number of museums that show its wealthy historical past and tradition.

Pueblo has some downsides, together with its crime charge that’s above the state common. Nevertheless, it additionally has an total value of residing that features reasonably priced housing costs (even decrease than the nationwide common) and low healthcare prices. Lastly, the state has a comparatively giant senior inhabitants.

3. Fruita

  • Inhabitants: 13,508
  • % of Inhabitants 65 and Older:3%
  • Median Residence Worth: $433,260
  • Value of Residing (In comparison with the State Common): 6% decrease
  • Value of Healthcare (In comparison with the State Common): 5% larger
  • Crime Fee (In comparison with the State Common): 61% decrease
  • Facilities Rating: A+

Fruita is a small municipality positioned in Mesa County within the western a part of Colorado. In reality, town is only a brief drive from Utah. The state’s identify stems from the truth that it began as a fruit-producing area. Fruita sits alongside the Colorado River and has a powerful quantity of native outside recreation for such a small city. Inside and surrounding the city, you’ll discover many widespread trailheads, canyons, and different pure areas. The city is dwelling to the Museums of Western Colorado’s Dinosaur Journey Museum.

Fruita is a comparatively small city with a big proportion of its inhabitants being 65 or older. It additionally has housing prices and an total value of residing which can be under the state’s common. Lastly, the state has against the law charge that’s significantly decrease than the state and nationwide common.

4. Fort Collins

  • Inhabitants: 168,538
  • % of Inhabitants 65 and Older:9%
  • Median Residence Worth: $592,263
  • Value of Residing (In comparison with the State Common): Equal to
  • Value of Healthcare (In comparison with the State Common): 3% decrease
  • Crime Fee (In comparison with the State Common): 27% decrease
  • Facilities Rating: A+

Fort Collins is the fourth-largest metropolis in Colorado by inhabitants. It’s positioned within the northwestern a part of the state, simply over an hour straight north of Denver. Fort Collins has a deep tradition that retirees will love. First, town is called the Craft Beer Capital of Colorado, which is saying one thing, contemplating the massive variety of craft breweries the state is dwelling to. It additionally has a big artwork scene that features its orchestra, ballet, opera, and artwork galleries. Lastly, Fort Collins is surrounded by issues to do exterior, together with its native climbing, tenting, fishing, boating, kayaking, horseback using, and way more.

Fort Collins has a price of residing that’s on par with the state’s common. Housing is barely dearer, whereas healthcare is barely extra reasonably priced. In the meantime, town’s total value of residing is precisely equal to Colorado’s common. The town additionally enjoys a low crime charge and plenty of facilities. Nevertheless, it has a low senior inhabitants — solely about 10% of the residents are 65 or older.

5. Estes Park

  • Inhabitants: 5,880
  • % of Inhabitants 65 and Older:9%
  • Median Residence Worth: $731,040
  • Value of Residing (In comparison with the State Common): 4% larger
  • Value of Healthcare (In comparison with the State Common): 3% decrease
  • Crime Fee (In comparison with the State Common): 67% decrease
  • Facilities Rating: A+

Estes Park is a small city in Northern Colorado that serves as the bottom of Rocky Mountain Nationwide Park. Along with being simply exterior some of the widespread nationwide parks, town is surrounded by mountains on all sides. Close by you will discover Roosevelt Nationwide Forest, in addition to loads of wildlife. In different phrases, for those who take pleasure in outside recreation, Estes Park is a spot you’ll take pleasure in.

Estes Park has housing prices and an total value of residing which can be larger than the state’s common. Nevertheless, it additionally has below-average healthcare prices and a really low crime charge. And as an added bonus for seniors, greater than 40% of the city’s residents are 65 or older, so that you’ll have a straightforward time discovering a group.

6. Buena Vista

  • Inhabitants: 2,935
  • % of Inhabitants 65 and Older: 12%
  • Median Residence Worth: $524,725
  • Value of Residing (In comparison with the State Common): 5% decrease
  • Value of Healthcare (In comparison with the State Common): 2% larger
  • Crime Fee (In comparison with the State Common): 45% decrease
  • Facilities Rating: A+

Buena Vista is a small city positioned in Chaffee County within the central a part of Colorado. The city is well-known for its Collegiate Peaks Wilderness Space in and across the San Isabel Nationwide Forest. The realm can also be dwelling to a part of the Sawatch Vary Mountains. You’ll discover mountains on all sides of Buena Vista, making for wonderful climbing and outside recreation (to not point out the unimaginable views). And for those who’re in search of native tradition, Buena Vista can also be dwelling to the Buena Vista Heritage Museum.

Buena Vista has a small inhabitants. In reality, the most recent census confirmed it was simply shy of three,000 residents, about 12% of whom have been 65 or older. The state enjoys housing prices, healthcare prices, and an total value of residing which can be all decrease than the state’s common. Lastly, the city enjoys a really low crime charge.

7. Woodland Park

  • Inhabitants: 7,983
  • % of Inhabitants 65 and Older:6%
  • Median Residence Worth: $523,059
  • Value of Residing (In comparison with the State Common): 4% larger
  • Value of Healthcare (In comparison with the State Common): 2% larger
  • Crime Fee (In comparison with the State Common): 56% decrease
  • Facilities Rating: A

Woodland Park is a small city in Teller County within the central a part of the state. The city is part of the Colorado Springs metropolitan space and sits simply half an hour from the bigger metropolis’s downtown. Woodland Park has the nickname “Metropolis Above the Clouds” as a result of it sits at almost 8,500 ft above sea stage. It has unimaginable views of Pikes Peak, in addition to nature areas on all sides, together with recreation areas, campgrounds, lakes, and extra.

Woodland Park’s healthcare prices and total value of residing are larger than the state’s common, however housing prices and the crime charge are each decrease. The town has roughly 8,000 residents, almost 19% of whom are 65 and older.

8. Steamboat Springs

  • Inhabitants: 13,390
  • % of Inhabitants 65 and Older:1%
  • Median Residence Worth: $1,090,234
  • Value of Residing (In comparison with the State Common): 23% larger
  • Value of Healthcare (In comparison with the State Common): Equal to
  • Crime Fee (In comparison with the State Common): 55% decrease
  • Facilities Rating: A+

Steamboat Springs is a ski city within the northern a part of Colorado within the Yampa Valley. The town is dwelling to 2 of the state’s well-known ski areas — the Howelsen Hill ski space and the Steamboat ski resort. You’ll discover many close by peaks, together with Mount Werner. The town can also be dwelling to geothermal scorching springs, that are mentioned to have therapeutic properties.

Steamboat Springs isn’t precisely an reasonably priced place to dwell. Whereas its healthcare prices are on par with the state’s common, its total value of residing is larger, and the median dwelling worth is greater than $1 million. However for those who can afford to dwell on this quaint ski city, it’s value it.

9. Salida

  • Inhabitants: 5,812
  • % of Inhabitants 65 and Older:9%
  • Median Residence Worth: $577,602
  • Value of Residing (In comparison with the State Common): 1% decrease
  • Value of Healthcare (In comparison with the State Common): 5% larger
  • Crime Fee (In comparison with the State Common): 59% larger
  • Facilities Rating: A+

Salida is a small metropolis in Chaffee County within the central a part of Colorado. The town sits alongside the Arkansas River and is dwelling to the Arkansas Headwaters Recreation Space. It’s additionally dwelling to native outside recreation, like climbing trails and campgrounds. And while you head only a bit additional exterior of city, you’ll discover the Pike and San Isabel Nationwide Forest, in addition to many mountains.

Salia has housing prices and an total value of residing which can be barely decrease than the nationwide common. Nevertheless, healthcare prices are a bit dearer than the state’s common. The town’s retirees additionally take pleasure in a powerful group since almost one-quarter of the residents are 65 or older. A serious draw back of Salida is the crime charge, which is almost 60% larger than the state common.

10. Grand Junction

  • Inhabitants: 66,964
  • % of Inhabitants 65 and Older:3%
  • Median Residence Worth: $384,319
  • Value of Residing (In comparison with the State Common): 8% decrease
  • Value of Healthcare (In comparison with the State Common): 5% larger
  • Crime Fee (In comparison with the State Common): 59% larger
  • Facilities Rating: A+

Grand Junction is a medium-sized metropolis within the western a part of Colorado, positioned within the state’s Western Slope area. The town is called the hub of the state’s wine nation. It sits alongside the Colorado River, which brings loads of outside recreation, together with river entry, lakes, wildlife, and extra. The town can also be dwelling to loads of different websites, together with the Colorado Nationwide Monument, trailheads, botanical gardens, and extra.

Grand Junction is among the most reasonably priced cities on our checklist. The general value of residing is decrease than the nationwide common, and housing is kind of reasonably priced. The town additionally boasts a big senior inhabitants. Sadly, each town’s healthcare prices and crime charge are larger than the state common.

11. Montrose

  • Inhabitants: 20,648
  • % of Inhabitants 65 and Older:3%
  • Median Residence Worth: $419,425
  • Value of Residing (In comparison with the State Common): 10% decrease
  • Value of Healthcare (In comparison with the State Common): 5% larger
  • Crime Fee (In comparison with the State Common): 3% larger
  • Facilities Rating: A+

Montrose is a municipality positioned in Montrose County within the western a part of Colorado. The small city is thought for its tourism, with many museums, eating places, breweries, and native lodging to go to. Montrose sits simply to the west of the Grand Mesa, Uncompahgre, and Gunnison Nationwide Forests. It additionally sits simply to the east of the Dominguez-Escalante Nationwide Conservation Space.

Monrose has housing prices and an total value of residing which can be decrease than the state’s common. Of its inhabitants of simply over 20,000 residents, greater than one-quarter of them are 65 or older, which means retirees can discover a sturdy group. Sadly, town’s crime charge and healthcare prices are barely larger than the nationwide common.

Subsequent Steps for You

Colorado may be a wonderful place to spend your retirement, due to its sturdy tradition, outside recreation, stunning surroundings, and tax perks. However keep in mind that the place you’ll spend your retirement years isn’t the one factor you need to take into consideration. It’s additionally necessary to make sure your funds are heading in the right direction.

Go to the Private Capital Retirement Planner to see whether or not you’re on monitor for retirement and decide how a lot you have to be saving per 30 days to succeed in your retirement objectives.

Get Began with Private Capital’s Retirement Planner

Creator shouldn’t be a consumer of Private Capital Advisors Company and is compensated as a contract author.

The content material contained on this weblog submit is meant for basic informational functions solely and isn’t meant to represent authorized, tax, accounting or funding recommendation. Compensation to not exceed $500. You must seek the advice of a professional authorized or tax skilled concerning your particular scenario. Understand that investing includes danger. The worth of your funding will fluctuate over time and chances are you’ll acquire or lose cash. Any reference to the advisory companies refers to Private Capital Advisors Company, a subsidiary of Private Capital. Private Capital Advisors Company is an funding adviser registered with the Securities and Trade Fee (SEC). Registration doesn’t suggest a sure stage of talent or coaching nor does it suggest endorsement by the SEC.

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