In isolated rural areas, college towns can be an oasis of culture. Restaurants, food, events, and more come to college towns thanks to the concentration of young people willing to spend their money on such fare.
College towns can be a boon for more than students, though. Retirees can often find themselves comfortably at home in college towns located in states where their money is treated well. In areas with low taxes and low costs of living, a great retirement can be had with access to the sports events, entertainment, and cultural amenities offered by college towns.
At US News & World Report, Rodney Brooks explains that many Baby Boomers are retiring in college towns. He writes:
BABY BOOMERS ARE finding that college towns are great places to retire, and it’s not just the memories that are attracting them.
“People do like to move to college towns to retire,” says Lauretta Fogg, senior vice president at Coldwell Banker M. M. Parrish Realtors in Gainesville, Florida, home to the University of Florida. “They get access to great medical care. And between sports, concerts and lectures, there are a lot of young people that stimulate them and keep them vibrant.”
A number of my clients live near college towns and they find it to be a beneficial arrangement. Consider a college town for your retirement life.
