best places to retire in colorado on a budget

It also is said to have an easy morning commute. Monument, Colorado stands out on this list thanks to great access to healthcare with more than 14 medical facilities and senior living communities in the area. However, the average income stands at about $90,000 and the cost of living is higher than the national average. Golden also has vintage trains and an 1800s-style railroad depot. Click on the destination links to find area description and characteristics, area amenities and things to do, climate and weather, … Whether you are a native or a transplant, there are pros and cons to consider to see if buying a house in Colorado is still a good investment. History buffs would be pleased to learn of the town’s Gold Rush days. And you can also relax at the Salida Hot Springs, which serves as the largest indoor hot spring pool in Colorado. Its more historic attractions include the Schweiger Ranch. Common activities include zip-lining, skiing and white water rafting. Louisville And every year the city hosts the annual Chile & Frijoles Festival, as well as the Colorado State Fair, to celebrate this history. /10 And since Evergreen is located near Denver, residents can enjoy all of the awesome amenities that a big city has to offer. The neighborhood is a very family friendly place thanks to the highly rated Cherry Creek schools. To identify the best places to retire, U.S. News analyzed data for the 150 largest metropolitan areas in the U.S. to assess how well they meet Americans' retirement needs and expectations. In addition, Littleton is also known for its ease of healthcare access. However, its tax burden rises slightly higher than other towns on our list of best places to retire in Colorado. Englewood can serve as a retirement paradise for the outdoor lover who wants to stay connected to nature well into his or her golden years. Englewood can serve as a … You can make qualified withdrawals tax free. If you are interested in moving to a different city, perhaps in your home state or the neighboring state, start by looking at the best cities to retire in. If you’d like some guidance, you can use our, Since Colorado isn’t the most tax-friendly state in the country, you’re going to want to take a close look at how much you can save for retirement. For instance, the town boasts its own performing arts center and its very own Symphony Orchestra. Lincoln Park. But considering the rather high tax burden of 16.9%, it will be a good idea to save for future medical expenses as soon as possible. Walk down the popular Riverwalk in downtown Estes Park and learn about the history of the town and see local landmarks. Activities range from zip-lining to hot air balloon trips and canyon passage exploration. To give you a better look at your tax situation, you can use our free, If you still want to enjoy nature in your Golden Years, but Colorado doesn’t seem like the right fit, you may enjoy similar locations. If you want to retire close to the mountains but still want an affordable place to live, then Pueblo is a great choice! How Much Do I Need to Save for Retirement? The rate falls slowly below that of other locations on our list of best places to retire in Colorado. 1 For each one, I’ve included a brief description, a short list of stats and a special feature that distinguishes each city from the rest. It boasts the best place to live in Colorado, the best place to raise a family, and the best place to retire in the state. This trail is great for biking, hiking, and even horseback riding. Golden may also suit you if you’re a big fan of festivals and the outdoors. The main portion of the city’s residents are ages 45-64, making up 24.2% of the population. During the fall the golf course is abundant in wildlife as the animals prepare for the winter months. We break down the exact numbers! To find Money’s Best Places to Retire, we looked only at places with populations above 50,000. The Grassland is a popular bird watching area during the day and offers epic stargazing at night. According to Niche.com the best place to retire in Colorado in 2021 is a suburb of Denver called Holly Hills. Anyone looking for a little slice of small town American heaven in Colorado should consider Littleton. After running through the metrics, we determined some clearly outshined others. This gave us 1,890 places. The town of Golden isn’t only among the best places to retire in Colorado; it also ranks among the top 20 places to retire in the United States index. The city itself is small, spreading out over 6.8 square miles. Plus, our research shows about 32.6% of the population is comprised of seniors. You can also check out our report on the top financial advisor firms in Colorado. We eliminated any location that had more than double the national crime risk, less than 85% of its state’s median household income or a lack of racial diversity. But thanks to its proximity to Colorado Springs, you get to enjoy the small town lifestyle with big city amenities and all of the major attractions. It is also located within a 20 minute drive of Boulder, and only takes about 25 minutes to drive to Denver. And to stay healthy enough to enjoy these tasks to the fullest, these locations also offer easy access to healthcare facilities. Greeley rounds out this list thanks to being pretty affordable, having a low crime rate, and vibrant culture. And you’d have access to 2.46 medical centers and 2.13 recreation centers per 1,000 people. Those who like to engage in the arts can visit its downtown area for everything from folk art galleries to a Victorian tea house. Retirees get the best that Colorado has to offer when they retire to Cañon City! And they’d have access to 1.82 medical facilities per 1,000 people. Is it expensive? Lakewood is a suburb of Denver and the most populous city in our rankings, with over 145,000 residents. Looking for the best places to live in Colorado? Another great spot for lovers of the great outdoors is Evergreen. Located in El Paso County, there were just over 7,000 residents in 2020 with a median age of 35 years old. The study takes the cost-of-living index from Sperling’s Best Places … You can also celebrate the official start of the holiday season with the annual Candlelight Walk and Tree lighting. The median age for residents in Woodland Park is 46.5 years old which makes it very appealing for retirees and those looking to escape to nature. Best Cities to Retire. Greeley is most well-known for its quirky history and is home to many museums. To help, we published a report on, If you’re an affluent individual, you should consider, Retirement planning can be one of the most crucial aspects of your financial journey. These days though, Fort Collins holds its own by being listed in the top 5 best places to live in the United States by U.S. News. In fact, when my parents visited Woodland Park for the first time, they mentioned how they liked the vibe and would consider retiring here. For instance, the town serves as a base for the Rocky Mountain National Park. The Arkansas River runs through Pueblo and the Historic Riverwalk is located downtown with local shops, restaurants, and bars. You can look for wildlife including dolphins, sea … The Colorado Springs areaalso … Evergreen is another beautiful town to retire in Colorado. The state also offers a plethora of mountain ranges, golf courses, lakes, hiking trails, and outdoor activities that are perfect for seeing wildlife. 2020 Best Places to Retire in Colorado. Redlands. Anyone who lives in Holly Hills is said to enjoy the close proximity to the light rail, Highline Canal, and nearby shopping centers, restaurants, bars, and coffee shops. If you want access to some of Colorado’s most rugged landscape with lots of privacy, then you will love living in Estes Park. Englewood. In the summer and fall, it hosts many popular festivals and outdoor events including large 4th of July celebrations. Here are the best places to retire in Colorado in 2021. Our worst 10 states for retirement can help you avoid living in a location that’s not optimal for the activities you want to pursue or your budget. This sleepy town rests 26 miles from Denver, which you can get to via rail or bus. And if you fall ill, the town offers about 5.21 doctor’s offices per 1,000 people. And during September, Estes Park hosts the annual Elk Fest which celebrates the hundreds of local elk that migrate through the town during this time of year. The tri-lake area stands as a quiet and peaceful community, but you’d also have easy access to all of Colorado’s major metropolitan attractions. During the winter locals enjoy cross-country skiing and snowshoeing. Overall … The city is also home to Lake Pueblo State Park which has over 10,000 acres of land, 60 miles of shoreline, and two full service marinas. And nearly 70% of the population are married with no children. Fort Collins is home to Colorado State University with over 33,000 students in attendance every year. Located between Boulder and Fort Collins, Greeley has beautiful views of the mountains and offers close access to Rocky Mountain National Park. So retirees should feel right at home. Eaton. 2020 Best Places to Retire in the Denver Area About this List Explore the best places to retire in the U.S. based on number of retirees, weather, and access to healthcare and entertainment. The city is home to a popular Mines Museum with mineral, fossil, and meteorite specimens on display. And the best places to retire in Colorado offer plenty of that. Springfield is widely considered to be one of the best places to retire and is in the top 100 for best places to live. In fact, you can find a range of hiking and biking trails that link the downtown area to parks and lakes. Last but not least, we bring you Montrose. And senior citizens make up a 10.2% of the population. Anyone looking for a little slice of small town American heaven in Colorado should consider Littleton. Ranking based on … To help you find such a place, a GOBankingRates study identified American cities where you can realistically retire on a budget of $1,500 a month. Source: Public domain Pueblo is a warm, relatively quiet town. Columbus is one of the best cities to retire on a budget of $1,000 a month, a previous GOBankingRates study found. You’ll find the most retirement communities there in Denveritself and in Aurora. Thank you for your support! Our data shows 18.8% of the population consists of seniors. It … Golden is likely most well-known for being the home of the original Coors Brewery, which is now part of the Molson Coors company. Deciding where to retire is a very personal decision. The median household income in Holly Hills is $136,176 and residents here tend to be more conservatives here. While Woodland Park is considered a suburb of Colorado Springs it definitely deserves a spot on the best places to retire in Colorado list. It’s the third largest city in Missouri and the Queen City of the Ozarks – referring … The city sits “above the Clouds” at 8,465 in elevation with about 8,300 local residents in 2020. After living in Texas for her whole life she moved to Colorado 4 years ago. The … Woodland Park offers an escape from the busy city life of Colorado Springs without being too far from the amenities. In the past, Fort Collins was an overlooked town for retirees in favor of bigger cities like Denver or Colorado Springs. This small town boasts about 2.42 recreational centers per 1,000 people. Among our list of best places to retire in Colorado, Monument stands out for its ease of access to healthcare with more than 4.3 medical facilities per 1,000 people. Salida has a lot to offer to seniors who make up about 22.9% of the population. Golden has a unique history in that it was founded in 1859 as a gold rush town. The Pueblo Reservoir has a dedicated swim beach and is one of the most popular swimming spots during the summer. Popular beaches include Pensacola Beach and Perdido Key. This 40-mile looped roadway connects several historic Colorado towns: it starts in Golden and ends in Morrison. There are hundreds of hiking trails, day trip excursions, and local classes that are perfect for retirees. And there’s plenty to do here from the Evergreen Golf Club to the Denver Mountain Park. Another popular attraction for retirees is the Evergreen Golf Course which is located directly across from Evergreen Lake. If you’re looking to move into a small, affluent town in Colorado, look no further than Lone Tree. Evergreen Lake and Park is situated in downtown Evergreen and is popular year round for swimming, fishing, and even ice skating and ice hockey in the winter. Denver ranked 6th overall in best places to retire across the country. There are 54 beautiful pieces of art that are easily viewed along the Riverwalk. Plus, you have several hiking trails to explore including the Platte River and Bear Creek trails. And you’d have several outdoor activities to keep your brain active and your soul healthy at Estes Park. Here you can enjoy lap pools or take swimming lessons. This rural community has all the... 2. Of the 6,300 people who live in Estes Park more than 40% of the population are seniors with a median age of 59 years old. Common activities among the best places to retire in Colorado include white water rafting, kayaking and horseback riding. The cost of living is nearly 14% below the national standard, and retirement income (social security and pension) up to $24,000 ($20,000 if you’re under 64) is tax-free. These states consistently appear in the top 10 best places to retire on most lists. The city is well-known for its Mexican culture and farming heritage. It was actually one of the fastest-growing cities in Colorado in 2019. The median house value rests a $182,300, according to a study by Niche.com. Outdoor enthusiasts will love the Horsetooth Reservoir in the warmer months, which is located just a few minutes from downtown. And if you want some big city action, Denver is a 20-minute drive away. One of the things that makes it so attractive for retirees is the fact that you'll pay quite a bit less for … Go on a fixed income: the … best cities to retire in the top 3 financial Advisors for,. 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