What's Happening?
GOBankingRates has released a list of America's safest and wealthiest retirement towns, with Fort Lee, New Jersey, making a surprising appearance. The list was compiled using data from the U.S. Census American Community Survey and the Bureau of Labor
Statistics Consumer Expenditure Survey, focusing on towns where at least 25% of the population is 65 years or older. Fort Lee, located just over the bridge from Manhattan, boasts a high livability score due to low crime rates and proximity to amenities. The town's average annual retirement income is $47,944, with an average home value of $939,775. Other notable towns include Oro Valley, Arizona, ranked as the safest and richest, and several California towns.
Why It's Important?
The identification of these towns as ideal retirement locations highlights shifting trends in retirement living preferences. The inclusion of Fort Lee, New Jersey, suggests a growing appeal for suburban areas with urban access, challenging the traditional preference for Florida as a retirement destination. This trend could influence real estate markets, local economies, and urban planning as more retirees seek safe, affluent communities with access to city amenities. The data also underscores the importance of safety and quality of life in retirement planning, potentially impacting future policy decisions regarding senior living and community development.
