Are you considering a big move to a new destination? If you are, you are not alone. Thousands of American retirees move each year. Here are some hotspot locations that other seniors are choosing for retirement.

Top locations in the U.S. and Canada

Tennessee 

Retirees flooded to the Volunteer State in 2021, with those  under 65 leading the pack. Tennessee is home to lovely rural  areas, and the lowest tax burden in the continental  United States. 

Florida 

Aptly named The Sunshine State, many seniors move to  Florida for its pleasant weather and lively culture. It has been  a hotspot for decades, making it easier to find activities and  communities for retirees with all sorts of interests. 

Pennsylvania 

Over 10% of seniors who moved out-of-state in 2021  settled in Pennsylvania, with over two-thirds of them picking  Pittsburgh. The city offers reasonably-priced housing,  affordable healthcare and a vibrant community of retirees. 

British Columbia 

If you are looking for outdoor adventure in a rugged  landscape, Victoria, British Columbia might be for you. Its  pacific beaches are perfect for seniors with an interest in  boating, hiking, or seaside walks. 

Virginia In 2020, about 15% of retired Americans that moved out-of state settled in Charlottesville, Roanoke, or Virginia Beach.  Although popular with all types of seniors, women and singles  were more likely to settle in Virginia.

Top locations abroad:

Panama 

With its mild tropical climate, coastal towns, updated  infrastructure, and accessible transportation, Panama is  at the very top of International Living’s Annual Global  Retirement Index. 

Mexico 

Mexico has long been a favorite retirement destination  and houses more American expats than any other country.  Want to explore a new culture, but with a hint of the familiar?  Besides being close to home and offering a very affordable  cost of living, certain towns including San Miguel  de Allende, Lake Chapala, and Playa del Carmen have  thriving communities of expat seniors. 

Costa Rica 

With Caribbean beaches and Pacific coastlines, quaint  rural areas and booming cities, cultural diversity and a large  population of English-speaking expats, it is understandable  why the U.S. Department of State estimates around 700,000  Americans reside in Costa Rica. 

Portugal 

Its low cost of living and proximity to top travel locations  has made Portugal a retirement hub for decades. Cascais is  home to several golf courses, a castle, miles of cobblestone  walkways, and a thriving community of English-speaking  expats. 

Greece 

If you have funds to invest overseas, consider relocating to  Greece. Visas are readily available to expats who purchase  property, and their 7% flat tax appeals to many investors.

Count on an SRES® to guide you through the process of buying or selling  your home, making the transaction less stressful and more successful. 

The Seniors Real Estate Specialist ® (SRES®) designation is awarded by the SRES® Council,  a subsidiary of the National Association of REALTORS® (NAR). 

To learn more about SRES® and access various consumer resources, please visit seniorsresource.realtor. 

Sources: 

www.cntraveler.com/galleries/2016-03-03/the-10-best-places-in-the-world-to-retire www.cntraveler.com/gallery/6-countries-with-incentives-to-retire-there internationalliving.com/countries/costa-rica/retire/