Sarasota did it again! In a survey conducted by Portfolio.com Sarasota/Bradenton earns the designation as America’s most popular retirement destination. This is not the first time Sarasota was named one of the best places retire. Money magazine once gave it the number one spot. It usually ranks near the top depending on what publication is writing the article.
Top 20 Places to Retire According to Portfolio.com
1) Bradenton/Sarasota, Florida
2) Prescott, Arizona
3) Lake Havasu City, Arizona
4) Cape Coral/Fort Myers, Florida
5) Naples, Florida
6) Palm Bay/Melbourne, Florida
7) Homosassa Springs, Florida
8) Ocala, Florida
9) Punta Gorda, Florida
10) Port St. Lucie, Florida
11) Tampa/St. Petersburg, Florida
12) Daytona Beach, Florida
13) Seaford, Delaware
14) Barnstable, Massachusetts
15) Santa Rosa, California
16) Reno, Nevada
17) Miami/Ft. Lauderdale, Florida
18) Lakeland, Florida
19) Phoenix, Arizona
20) Riverside/San Bernadino, California
How They Did It
Portfolio.com devised a six-part formula to rank the most popular retirement destinations, using raw data collected by the U.S. Census Bureau. The study encompassed all 157 metropolitan and micropolitan areas with at least 40,000 senior citizens.
Bradenton-Sarasota ranks first because of its striking performances in several categories:
Nearly 27 percent of its residents are 65 or older, the fourth-highest concentration of seniors in any market. That’s more than double the national average of 12.9 percent.
Bradenton-Sarasota has a median age of 48.1. A median is a midpoint, with half of all residents being older and half being younger. The national median age is 36.8 years.
Fully 95 percent of the seniors in Bradenton-Sarasota moved to Florida from another state. Only 53 percent of the elderly residents of a typical U.S. market were born out of state.
Young People Live in Sarasota Too
Don't get the wrong idea about Sarasota. There are plenty of young people here too. I was showing Lakewood Ranch real estate recently and asked my clients why they decided on Sarasota, Florida. Aside from the normal reasons - beaches, cleanliness, arts, culture, affordability and low crime they said that enjoyed seeing younger people around town. The previous night they had eaten dinner at a sushi restaurant and enjoyed seeing the younger crowd. They loved Naples, Florida as well but decided not to purchase there because they wanted to be around younger people.