15 Up-And-Coming Cities That Are Perfect for Retirees

Whether you’re planning to retire early or continue your career through your 70s, it’s never too soon to start thinking about where you want to spend the rest of your life.

While some people have always dreamed of retiring to senior-friendly states like Florida, others prefer to avoid the crowds and the high costs that come with a hot housing market. If that describes your situation, keep reading.

The 15 cities on our list are growing but still affordable, making them perfect for soon-to-be retirees.

1. Georgetown, Texas

Cbrady310/Wirestock Creators/Adobe

Out of any city on our list, Georgetown, Texas, experienced the most considerable growth of any small city. According to U.S. Census data, the town’s population grew by 14% between 2021 and 2022.

The town is about a half-hour north of Austin, meaning residents are close to some of the country's best food, museums, and entertainment. However, Georgetown has such a strong arts and culture scene that you may settle in for a while after moving.

2. Santa Fe, New Mexico

SeanPavonePhoto/Adobe

New Mexico’s capital city experienced the most significant growth of any city between 2010 and 2020. Yet, even with all that growth, it isn’t a major urban hub by any means. According to the most recent census, Santa Fe has around 89,000 residents.

So if you’re looking for a retirement city that’s warm but not too warm, occasionally snowy but rarely humid, and big but not too big, Santa Fe could hit the spot.

The city’s fantastic Southwestern architecture makes you feel right at home in the high desert, but the elevation ensures you experience more seasons than Arizona’s endless summer.

3. Queen Creek, Arizona

jerzy/Adobe

Between 2021 and 2022, Queen Creek’s population grew by 6.6%, making it one of the fastest-growing small towns during the pandemic and beyond.

Technically, Queen Creek could be called a Phoenix suburb (it’s about 35 miles to the southeast), but it offers a quieter retirement than towns closer to the city center.

Queen Creek retains its rural, agricultural roots. You can pick your own fruits and vegetables at several local farms, visit the working olive press, and enjoy parks and trails across the nearby cities, mountains, and state parks.

Are you a homeowner? Discover 8 savvy money moves to stretch your budget

4. Bend, Oregon

Cascade Photo/Adobe

Are you more interested in moving to a midsize hub over a small town? Bend consistently ranks as one of the fastest-growing midsize cities in the country.

The city government also has a comprehensive plan to accommodate the population of nearly 155,000 it expects to see by 2040.

While Bend isn’t on Oregon’s gorgeous coastline, the Deschutes River ensures the city stays lush despite its location in Central Oregon’s high desert.

The Cascade Mountains provide plenty of skiing and hiking opportunities to the west. At the same time, the sunny, dry weather ensures you can enjoy the Ponderosa pine forests and high desert scenery year-round.

5. Leander, Texas

Richard/Adobe

Multiple small Texas towns experienced high population growth rates from 2021 to 2022, including Leander, which grew by 10.8%. Like Georgetown, Leander is within 25 miles of Austin.

And for a town in Central Texas, it’s also surprisingly wet. Multiple splash pads and water parks offer hours of entertainment for grandkids, nieces, nephews, and water-loving adults alike.

6. Fort Myers, Florida

Gage/Adobe

If your heart is set on retiring in Florida, you can bring that dream to life while dodging the crowds that keep housing costs high in Miami and Key West.

In 2021, Fort Myers was the sixth fastest-growing area in the U.S., bringing the city’s population to over 95,000 in 2020. That's a quarter of the size of Miami and nine times smaller than Jacksonville.

If outdoor adventure is your scene, Fort Myers has ample sailing, diving, and kayaking opportunities. Or, if you prefer indoor activities, the city’s theater, murder mystery train ride, and citrus harvest factory should keep you occupied.

7. Westfield, Indiana

MQ-Illustrations/Adobe

Westfield's population recently grew to more than 50,000. As of 2022, residents numbered 54,600. Thanks to Indiana’s low cost of living, it’s a fantastic option for retirees on a budget.

In Westfield specifically, residents and visitors enjoy the city’s rich restaurant scene, nearby nature center, and sports complex.

8. Meridian, Idaho

Rob/Adobe

Meridian is one of three Boise suburbs to make the U.S. Census Bureau’s list of fastest-growing American cities, and it’s not hard to see why people are drawn to the area.

Shops, city parks, and a racetrack keep the city lively year-round. Boise’s many attractions are just a short drive away, and Idaho’s many national and state parks are within easy access.

9. Lincoln, California

Matt Gush/Adobe

California probably isn’t the first state that comes to mind when you picture an affordable retirement.

However, plenty of small towns in California are expanding, which could make them prime retirement locations in the next few years. For instance, Lincoln recently surpassed the 50,000 population mark, growing to 52,500.

As a Sacramento suburb, life in Lincoln combines big-city perks (concert venues, fine dining, and ample entertainment districts) with small-town fun, such as the local farmers market and high school rodeos.

10. Frisco, Texas

Nryan5714/Wirestock Creators/Adobe

The small town of Frisco gained 10,000 new residents between 2021 and 2022. The city is just a 25-minute trip from Dallas, but there’s no need to leave the city to enjoy yourself thoroughly.

Along with regular city parks, Frisco is home to a hidden limestone quarry with a swimming hole and waterfall.

Frisco is also the new headquarters of the PGA of America, which includes offices, two new golf courses, and a conference center.

While property taxes can be high in Texas, the state lacks an income tax, which helps keep costs low for seniors on a fixed income.

11. Buckeye, Arizona

jacob/Adobe

Buckeye’s population grew to over 100,000 just a few years ago, and the city seems primed to experience more growth over the coming years.

Like Queen Creek, Buckeye is a Phoenix suburb, but since it’s 40 minutes to the west, Buckeye has had plenty of space to cultivate its own character.

The outdoor Buckeye Aquatics Center can help you stay cool all year long, and if you’re happy hiking in the heat, you can take advantage of the city’s proximity to high desert trails at Skyline Regional Park.

12. New Braunfels, Texas

Reagan/Adobe

New Braunfels grew by 8.3% in 2020, which put its population at 105,000 in 2022. The Guadalupe and Comal Rivers flow through New Braunfels, providing endless tubing, rafting, and even SCUBA diving opportunities.

As the name suggests, New Braunfels was founded largely by German settlers, making it fairly unusual in Texas’s cultural landscape.

13. Port St. Lucie, Florida

Felix Mizioznikov/Adobe

Port St. Lucie is the biggest city on our list, with more than 232,000 residents. This picturesque town is located directly on the Atlantic Coast in southern Florida, giving residents easy access to beautiful beaches and islands.

It’s also ideally situated between Orlando and Miami, so if you get tired of the city’s seascapes, golf, shopping, and fine dining, you can easily spend the day enjoying Disney World or Little Havana.

14. Spring Hill, Tennessee

KCULP/Adobe

If Florida’s densely populated beaches and Arizona’s constant heat don’t appeal to you, a retirement in the South could be a good fit. In 2022, Spring Hill’s population was just over 117,000.

Just 35 miles south of Nashville, residents living the small-town lifestyle spend time at Spring Hill’s golf club, touring historic Civil War sites, and sorting through items at the city’s antique and bookstores for their next hidden gem.

15. Maricopa, Arizona

jacob/Adobe

With a growth rate of 6.2%, Maricopa is among the fastest-growing Arizona cities. While every other Arizona city on this list is in Maricopa County, the city of the same name is actually the biggest incorporated area in the more rural Pinal County.

Still, Maricopa is just 40 minutes away from Phoenix. Located in the Gila River Valley, it has many outdoor adventure opportunities. The city’s other quirky draws include the Dwarf Car Museum and Maha Ganapati Temple.

Bottom line

If you want to relocate for a better climate, pursue new hobbies, or make money on the side in retirement, any of these cities can provide you with a fantastic new place to call home.

It's a great idea to travel more and get a feel of what life could be like in these towns, maybe book an Airbnb. Once you've explored these places, you might find that your heart is inclined to move to one of them. Just make sure your retirement financial planning aligns with it.

Money tips that can work for everyone

No matter what your bank account balance is, there's always an opportunity to optimize and improve your finances. Here's a quick checklist of things you can look at today.

Focus on paying off your debt. Debt can hold you back from making progress with your overall financial well-being. Aside from cutting expenses, there are tools that can help you pay off debt faster like balance transfer credit cards and debt counseling.

Earning extra income can give you breathing room. If finances are tight, earning some extra money to supplement your income can make a huge difference. A new job is one option to consider, but if you're not ready to make a big change or already retired, a part-time side job could be a better choice.

Cut your expenses. It sounds painful and so not fun, but it doesn't have to be. Take a look at your biggest expenses because that's where you'll probably find the biggest savings. For example, auto insurance rates have been soaring so shopping around for a new insurance company can be the fastest way to cut your bill. Also, look for ways to cut your grocery bill (despite rising inflation).