AriZona Real Estate insider!

Generation X is inching closer to retirement, and many are beginning to think about where they want to spend their golden years. For those born between 1965 and 1980, finding a retirement destination that balances affordability, safety, health, and community is a top priority. According to a recent study by ChamberofCommerce.org, Arizona is home to some of the best cities in the country for Gen Xers looking to retire. Let’s explore four Arizona cities that made it to the top of the list: Gilbert, Scottsdale, Chandler, and Peoria.

1. Gilbert, Arizona – The Top Choice for a Reason

Ranked 5^th in the nation for Gen X retirement, Gilbert offers an attractive blend of affordability and quality of life. Located in the Phoenix metropolitan area, this rapidly growing suburb is ideal for those seeking a vibrant yet peaceful retirement destination.

• Affordability: Gilbert boasts a median home value of $586,011 and median condo value of $400,000, making it relatively affordable compared to other major U.S. cities. The median real estate taxes are $2,301, helping to keep ongoing housing costs manageable.
• Health and Income: The average life expectancy in Gilbert is 78.2 years, which is in line with the national average, while the Gen X median household income is a healthy $132,719. This combination of a decent life expectancy and high household income makes Gilbert a financially sound choice for retirement.
• Safety: With low crime rates, Gilbert is considered a safe place to live. This peace of mind is invaluable for retirees who are looking for a secure and worry-free environment.

Gilbert’s strong sense of community, combined with cultural events, farmers’ markets, and recreational activities, creates an inviting atmosphere for retirees looking to be part of an active and friendly community.

2. Scottsdale, Arizona – A Retirement Hotspot

Scottsdale is another top choice, ranked 6^th for Gen X retirement, and has become a magnet for retirees due to its unique combination of luxury, natural beauty, and community life.

• Demographic Appeal: Scottsdale has experienced a significant influx of Gen Xers in recent years, reflecting its popularity among this age group. The city offers an engaging community atmosphere perfect for those looking to remain socially active.
• Healthcare and Longevity: The median home value in Scottsdale is higher at $824,868 and condo value $$515,000, but with a median real estate tax of $2,814, it balances out in affordability. Scottsdale also boasts a life expectancy of 78.2 years, supported by excellent healthcare access and facilities.
• Income: The Gen X median household income in Scottsdale is $136,517, the highest among the four Arizona cities. This high-income level contributes to greater financial security during retirement.

Scottsdale’s luxury resorts, spas, golf courses, and fine dining offer a retirement lifestyle that balances relaxation with recreation, making it an ideal location for those who appreciate both comfort and culture.

3. Chandler, Arizona – A Blend of Comfort and Convenience

Ranked 7^th, Chandler provides a unique mix of suburban comfort and urban amenities, making it a desirable retirement spot for Gen Xers.

• Affordability and Tax Friendliness: With a median home value of $534,296 or condo value of $345,000 and median real estate taxes of $2,244, Chandler offers a reasonable cost of living. Its lower taxes and cost of living allow retirees to maintain their lifestyle without sacrificing their savings.
• Health and Income: Chandler matches its neighboring cities with a life expectancy of 78.2 years. The Gen X median household income here is $123,469, which is still robust and conducive to a comfortable retirement.
• Safety and Community: Chandler is recognized for its low crime rates, adding an extra layer of security for retirees. The city’s numerous parks, community centers, and recreational activities foster a close-knit community atmosphere.

Chandler’s central location within the Phoenix metro area offers easy access to other major cities and amenities, making it a convenient hub for retirees looking for both comfort and accessibility.

4. Peoria, Arizona – Small-Town Charm Meets Modern Convenience

Peoria, ranked 8^th, combines small-town charm with modern amenities, offering retirees the best of both worlds.

• Affordable Living: Peoria’s median home value is the lowest among the four cities at $501,462, a median condo value of $327,250, and its median real estate taxes are also the lowest at $2,003. These factors make Peoria an affordable option for retirees looking to maximize their retirement savings.
• Health and Income: Like the other cities, Peoria has a life expectancy of 78.2 years. The Gen X median household income is $115,046, providing a solid foundation for financial stability in retirement.
• Safety and Community Spirit: Peoria is known for its friendly community and low crime rates. The city’s numerous parks, recreational facilities, and community events promote social engagement and active living, which is essential for a fulfilling retirement.

Peoria’s proximity to Lake Pleasant Regional Park offers a wealth of outdoor activities like boating, fishing, and hiking, making it ideal for retirees who love the great outdoors.

Why Arizona is a Great Choice for Gen X Retirement

According to ChamberofCommerce.org, Arizona offers a unique combination of warm weather, affordable living, and strong community ties, making it an appealing destination for retirees. The state’s top cities for Gen X retirement, including Gilbert, Scottsdale, Chandler, and Peoria, each provide distinct benefits tailored to the needs of those approaching their retirement years. Whether you seek luxury, affordability, safety, or a vibrant community, Arizona has a city that fits your retirement dreams.

If you’re a Gen Xer weighing your retirement options, these Arizona cities are definitely worth exploring—but they aren’t the only great spots to consider. Phoenix offers a variety of choices depending on what you’re looking for. If a retirement community is on your radar, take a look at Sun City. For a slower pace, Green Valley or Sahuarita might be just the right fit. And if you’re anything like me, you might feel right at home in Tempe.

I’d love to hear your thoughts! What area would you choose if you were retiring in Arizona? Or, if you’ve already picked a spot, share in the comments what you love or don’t love about it. And don’t forget to follow this blog for the latest updates and insights on all things Arizona!