Retirees Heading South to Florida, Texas, Georgia
Florida, Texas and Georgia top the list of migration destinations to Southern states for people 65 and older, according to a study by National Active Retirement Association (NARA), a North Carolina-based organization that provides information about active adult marketing, building, demographics, retirees as economic development, community planning and related 50+ topics.
Florida, with 68,000 new transplants in 2005, had 2.5 times the number as second-place Texas, according to the study which was conducted for NARA by Phoenix-based Thomas, Warren + Associates.
Within the Southern states, Florida had the largest 65+ population with 2.89 million residents in 2005 — second in the county to California’s 3.7 million — with a 65+ average household income of $44,485, according to the study. Texas followed with a 65+ population of 2.15 million with an average household income of $43,535. Virginia, with a 65+ population of 823,048, had the highest average 65+ household income in the South with $49,531.
Florida’s 65+ residents brought $1.9 billion in income to the Sunshine State, the highest in the country. This was followed by Arizona, Texas and California with total 65+ incomes of $746 million, $732 million and $645 million, respectively.
California had the highest average 65+ household income in the country with $55,673. California retirees brought $645 million in income to the state. Connecticut followed with a household income of $51,771. Those 65+ residents had a total income of $119 million. New Jersey had the third highest 65+ household income in the country with $50,673. They had a total income of $302 million.
For a complete list of Southern in-migration rankings, click here.
For a list of the country’s 65+ in-migration and incomes, click here.
Trends Discussed at NARA Conference
These and other retirement trends will be discussed at the NARA Conference in Atlanta, on Oct. 17-20.
For more information, visit www.retirementlivingnews.com.
CAASH in on Boomer Buyers
The new Certified Active Adult Specialist in Housing (CAASH) designation gives housing professionals serving the rapidly burgeoning 50+ market the essential knowledge, tools and skills that will help them succeed — from conducting initial research to design considerations and features to serving the customer.
Find upcoming CAASH classes by clicking here.
For more information, call the Professional Designation Help Line at 800-368-5242 x8154 or e-mail CAASHinfo@nahb.com.