11 Finest Locations to Retire in Colorado in 2023

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Many individuals spend years dreaming of what their retirement will appear to be. Along with the entire monetary planning that goes into it, you’ve in all probability additionally dreamed about what you’ll do along with your newfound free time. Lastly, you might have given some thought to the place you’ll dwell. Certain, southern states like Florida and Texas have lengthy been well-liked for retirees. However many individuals are actually branching out and in search of different locations to spend their golden years, together with Colorado.

Is Colorado a Good Place to Retire?

Colorado has gotten a lot consideration lately and has turn into a well-liked place to retire. Its inhabitants has constantly elevated over the previous a number of years, and it’s straightforward to see why.

First, Colorado has some apparent advantages in relation to the panorama and recreation. The state is full of mountains and lakes, which means individuals who take pleasure in out of doors recreation will really feel proper at house in Colorado.

Colorado additionally stands out as being one of many healthiest locations to dwell. Along with on a regular basis its residents spend outside, Colorado additionally has one of many lowest weight problems charges within the nation and is understood for its wholesome (whereas nonetheless scrumptious) meals, a lot of which is domestically grown. The state has a number of hospitals which might be nationally ranked and gives a few of the finest healthcare companies to seniors and younger individuals alike.

Moreover, Colorado has a robust tradition. Along with its robust out of doors tradition, it additionally has a robust artwork scene and is understood for its craft breweries and wineries.

Lastly, Colorado has some monetary advantages. Sure, the price of dwelling is greater than the nationwide common, and it’s been growing as extra individuals have moved to the state. Nonetheless, Colorado can also be tax-friendly for seniors. The state permits a big deduction for retirement earnings for people 65 and older. Moreover, the state has a few of the lowest gross sales and property taxes within the nation, in addition to a property tax exemption for seniors who personal and occupy their properties in Colorado.

11 Finest Locations to Retire in Colorado

1. Greeley

  • Inhabitants: 109,323
  • % of Inhabitants 65 and Older:2%
  • Median Dwelling Worth: $458,146
  • Value of Dwelling (In comparison with the State Common): 13% decrease
  • Value of Healthcare (In comparison with the State Common): 3% decrease
  • Crime Fee (In comparison with the State Common): 11% decrease
  • Facilities Rating: A+

Greeley is a big metropolis in Weld County within the northern a part of Colorado. It’s positioned a brief drive from loads of different key areas within the state, together with Fort Collins, Boulder, Denver, and Rocky Mountain Nationwide Park. Greeley is a university city and is house to the College of Northern Colorado. It’s additionally house to WeldWerks Brewery, which is without doubt one of the hottest in Colorado. Greeley has loads of out of doors recreation, together with climbing trails, grasslands, parks, and extra. Lastly, town has a robust historical past and tradition that you would be able to expertise on the native museums and different native sights.

Greeley has loads of perks for retirees and different residents. First, town’s housing costs, healthcare prices, and general value of dwelling are all decrease than the state’s common. It additionally has a low crime fee and plenty of facilities. The one draw back to Greeley is the small senior inhabitants, which may make it tougher to construct a neighborhood.

2. Pueblo

  • Inhabitants: 112,368
  • % of Inhabitants 65 and Older:2%
  • Median Dwelling Worth: $312,177
  • Value of Dwelling (In comparison with the State Common): 20% decrease
  • Value of Healthcare (In comparison with the State Common): 9% decrease
  • Crime Fee (In comparison with the State Common): 74% greater
  • Facilities Rating: A+

Pueblo is a big Colorado metropolis close to the central a part of the state. Town is house to the Colorado State College of Pueblo, the Pueblo Zoo, the Historic Arkansas Riverwalk, and Lake Pueblo State Park, which sits on the Pueblo Reservoir. The park is a well-liked spot for fishing, boating, and tenting. Pueblo has a number of museums that show its wealthy historical past and tradition.

Pueblo has some downsides, together with its crime fee that’s above the state common. Nonetheless, it additionally has an general value of dwelling that features reasonably priced housing costs (even decrease than the nationwide common) and low healthcare prices. Lastly, the state has a comparatively massive senior inhabitants.

3. Fruita

  • Inhabitants: 13,508
  • % of Inhabitants 65 and Older:3%
  • Median Dwelling Worth: $433,260
  • Value of Dwelling (In comparison with the State Common): 6% decrease
  • Value of Healthcare (In comparison with the State Common): 5% greater
  • Crime Fee (In comparison with the State Common): 61% decrease
  • Facilities Rating: A+

Fruita is a small municipality positioned in Mesa County within the western a part of Colorado. In reality, town is only a quick drive from Utah. The state’s title stems from the truth that it began as a fruit-producing area. Fruita sits alongside the Colorado River and has a formidable quantity of native out of doors recreation for such a small city. Inside and surrounding the city, you’ll discover many well-liked trailheads, canyons, and different pure areas. The city is house to the Museums of Western Colorado’s Dinosaur Journey Museum.

Fruita is a comparatively small city with a big proportion of its inhabitants being 65 or older. It additionally has housing prices and an general value of dwelling which might be under the state’s common. Lastly, the state has a criminal offense fee that’s significantly decrease than the state and nationwide common.

4. Fort Collins

  • Inhabitants: 168,538
  • % of Inhabitants 65 and Older:9%
  • Median Dwelling Worth: $592,263
  • Value of Dwelling (In comparison with the State Common): Equal to
  • Value of Healthcare (In comparison with the State Common): 3% decrease
  • Crime Fee (In comparison with the State Common): 27% decrease
  • Facilities Rating: A+

Fort Collins is the fourth-largest metropolis in Colorado by inhabitants. It’s positioned within the northwestern a part of the state, simply over an hour instantly north of Denver. Fort Collins has a deep tradition that retirees will love. First, town is called the Craft Beer Capital of Colorado, which is saying one thing, contemplating the big variety of craft breweries the state is house to. It additionally has a big artwork scene that features its orchestra, ballet, opera, and artwork galleries. Lastly, Fort Collins is surrounded by issues to do exterior, together with its native climbing, tenting, fishing, boating, kayaking, horseback using, and way more.

Fort Collins has a value of dwelling that’s on par with the state’s common. Housing is barely costlier, whereas healthcare is barely extra reasonably priced. In the meantime, town’s general value of dwelling is precisely equal to Colorado’s common. Town additionally enjoys a low crime fee and plenty of facilities. Nonetheless, it has a low senior inhabitants — solely about 10% of the residents are 65 or older.

5. Estes Park

  • Inhabitants: 5,880
  • % of Inhabitants 65 and Older:9%
  • Median Dwelling Worth: $731,040
  • Value of Dwelling (In comparison with the State Common): 4% greater
  • Value of Healthcare (In comparison with the State Common): 3% decrease
  • Crime Fee (In comparison with the State Common): 67% decrease
  • Facilities Rating: A+

Estes Park is a small city in Northern Colorado that serves as the bottom of Rocky Mountain Nationwide Park. Along with being simply exterior one of the vital well-liked nationwide parks, town is surrounded by mountains on all sides. Close by you could find Roosevelt Nationwide Forest, in addition to loads of wildlife. In different phrases, for those who take pleasure in out of doors recreation, Estes Park is a spot you’ll take pleasure in.

Estes Park has housing prices and an general value of dwelling which might be greater than the state’s common. Nonetheless, it additionally has below-average healthcare prices and a really low crime fee. And as an added bonus for seniors, greater than 40% of the city’s residents are 65 or older, so that you’ll have a simple time discovering a neighborhood.

6. Buena Vista

  • Inhabitants: 2,935
  • % of Inhabitants 65 and Older: 12%
  • Median Dwelling Worth: $524,725
  • Value of Dwelling (In comparison with the State Common): 5% decrease
  • Value of Healthcare (In comparison with the State Common): 2% greater
  • Crime Fee (In comparison with the State Common): 45% decrease
  • Facilities Rating: A+

Buena Vista is a small city positioned in Chaffee County within the central a part of Colorado. The city is well-known for its Collegiate Peaks Wilderness Space in and across the San Isabel Nationwide Forest. The world can also be house to a part of the Sawatch Vary Mountains. You’ll discover mountains on all sides of Buena Vista, making for wonderful climbing and out of doors recreation (to not point out the unbelievable views). And for those who’re in search of native tradition, Buena Vista can also be house to the Buena Vista Heritage Museum.

Buena Vista has a small inhabitants. In reality, the most recent census confirmed it was simply shy of three,000 residents, about 12% of whom have been 65 or older. The state enjoys housing prices, healthcare prices, and an general value of dwelling which might be all decrease than the state’s common. Lastly, the city enjoys a really low crime fee.

7. Woodland Park

  • Inhabitants: 7,983
  • % of Inhabitants 65 and Older:6%
  • Median Dwelling Worth: $523,059
  • Value of Dwelling (In comparison with the State Common): 4% greater
  • Value of Healthcare (In comparison with the State Common): 2% greater
  • Crime Fee (In comparison with the State Common): 56% decrease
  • Facilities Rating: A

Woodland Park is a small city in Teller County within the central a part of the state. The city is part of the Colorado Springs metropolitan space and sits simply half an hour from the bigger metropolis’s downtown. Woodland Park has the nickname “Metropolis Above the Clouds” as a result of it sits at almost 8,500 toes above sea degree. It has unbelievable views of Pikes Peak, in addition to nature areas on all sides, together with recreation areas, campgrounds, lakes, and extra.

Woodland Park’s healthcare prices and general value of dwelling are greater than the state’s common, however housing prices and the crime fee are each decrease. Town has roughly 8,000 residents, almost 19% of whom are 65 and older.

8. Steamboat Springs

  • Inhabitants: 13,390
  • % of Inhabitants 65 and Older:1%
  • Median Dwelling Worth: $1,090,234
  • Value of Dwelling (In comparison with the State Common): 23% greater
  • Value of Healthcare (In comparison with the State Common): Equal to
  • Crime Fee (In comparison with the State Common): 55% decrease
  • Facilities Rating: A+

Steamboat Springs is a ski city within the northern a part of Colorado within the Yampa Valley. Town is house to 2 of the state’s well-known ski areas — the Howelsen Hill ski space and the Steamboat ski resort. You’ll discover many close by peaks, together with Mount Werner. Town can also be house to geothermal scorching springs, that are stated to have therapeutic properties.

Steamboat Springs isn’t precisely an reasonably priced place to dwell. Whereas its healthcare prices are on par with the state’s common, its general value of dwelling is greater, and the median house worth is greater than $1 million. However for those who can afford to dwell on this quaint ski city, it’s value it.

9. Salida

  • Inhabitants: 5,812
  • % of Inhabitants 65 and Older:9%
  • Median Dwelling Worth: $577,602
  • Value of Dwelling (In comparison with the State Common): 1% decrease
  • Value of Healthcare (In comparison with the State Common): 5% greater
  • Crime Fee (In comparison with the State Common): 59% greater
  • Facilities Rating: A+

Salida is a small metropolis in Chaffee County within the central a part of Colorado. Town sits alongside the Arkansas River and is house to the Arkansas Headwaters Recreation Space. It’s additionally house to native out of doors recreation, like climbing trails and campgrounds. And whenever you head only a bit additional exterior of city, you’ll discover the Pike and San Isabel Nationwide Forest, in addition to many mountains.

Salia has housing prices and an general value of dwelling which might be barely decrease than the nationwide common. Nonetheless, healthcare prices are a bit costlier than the state’s common. Town’s retirees additionally take pleasure in a robust neighborhood since almost one-quarter of the residents are 65 or older. A significant draw back of Salida is the crime fee, which is sort of 60% greater than the state common.

10. Grand Junction

  • Inhabitants: 66,964
  • % of Inhabitants 65 and Older:3%
  • Median Dwelling Worth: $384,319
  • Value of Dwelling (In comparison with the State Common): 8% decrease
  • Value of Healthcare (In comparison with the State Common): 5% greater
  • Crime Fee (In comparison with the State Common): 59% greater
  • Facilities Rating: A+

Grand Junction is a medium-sized metropolis within the western a part of Colorado, positioned within the state’s Western Slope area. Town is called the hub of the state’s wine nation. It sits alongside the Colorado River, which brings loads of out of doors recreation, together with river entry, lakes, wildlife, and extra. Town can also be house to loads of different websites, together with the Colorado Nationwide Monument, trailheads, botanical gardens, and extra.

Grand Junction is without doubt one of the most reasonably priced cities on our record. The general value of dwelling is decrease than the nationwide common, and housing is kind of reasonably priced. Town additionally boasts a big senior inhabitants. Sadly, each town’s healthcare prices and crime fee are greater than the state common.

11. Montrose

  • Inhabitants: 20,648
  • % of Inhabitants 65 and Older:3%
  • Median Dwelling Worth: $419,425
  • Value of Dwelling (In comparison with the State Common): 10% decrease
  • Value of Healthcare (In comparison with the State Common): 5% greater
  • Crime Fee (In comparison with the State Common): 3% greater
  • Facilities Rating: A+

Montrose is a municipality positioned in Montrose County within the western a part of Colorado. The small city is understood for its tourism, with many museums, eating places, breweries, and native lodging to go to. Montrose sits simply to the west of the Grand Mesa, Uncompahgre, and Gunnison Nationwide Forests. It additionally sits simply to the east of the Dominguez-Escalante Nationwide Conservation Space.

Monrose has housing prices and an general value of dwelling which might be decrease than the state’s common. Of its inhabitants of simply over 20,000 residents, greater than one-quarter of them are 65 or older, which means retirees can discover a robust neighborhood. Sadly, town’s crime fee and healthcare prices are barely greater than the nationwide common.

Subsequent Steps for You

Colorado may be a superb place to spend your retirement, because of its robust tradition, out of doors recreation, stunning surroundings, and tax perks. However do not forget that the place you’ll spend your retirement years isn’t the one factor you need to take into consideration. It’s additionally vital to make sure your funds are heading in the right direction.

Go to the Private Capital Retirement Planner to see whether or not you’re on observe for retirement and decide how a lot you have to be saving monthly to succeed in your retirement objectives.

Get Began with Private Capital’s Retirement Planner

Writer isn’t a consumer of Private Capital Advisors Company and is compensated as a contract author.

The content material contained on this weblog submit is meant for common informational functions solely and isn’t meant to represent authorized, tax, accounting or funding recommendation. Compensation to not exceed $500. It is best to seek the advice of a professional authorized or tax skilled relating to your particular state of affairs. Understand that investing entails threat. The worth of your funding will fluctuate over time and chances are you’ll achieve or lose cash. Any reference to the advisory companies refers to Private Capital Advisors Company, a subsidiary of Private Capital. Private Capital Advisors Company is an funding adviser registered with the Securities and Change Fee (SEC). Registration doesn’t suggest a sure degree of talent or coaching nor does it suggest endorsement by the SEC.

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