In our last entry, we covered Arlington’s ranking as the 2nd best city for millennials. Arlington’s ranking was a result of a number of positive attributes such as easy access to shop, bars, restaurants, and coffee shops. It’s low unemployment rate is another factor that makes Arlington an ideal destination for millennials.
Arlington’s accolades does not stop there. Bankrate.com named Arlington the best place in the country to retire, citing Arlington’s low tax rate, great healthcare, walkability, weather, excellent cultural opportunities, and low crime. It’s no surprise that Arlington was ranked 2nd best city for millennials, but to most in the D.C. area it will be surprising that Arlington has become a retirement destination. It is a common thought that the younger crowd dominates Arlington residences because of the area’s city life offerings. Recent studies show that baby boomers make up a large number of buyers searching for city housing options. According to a National Association of Realtors (NAR) report, 13 percent of city homebuyers are between the ages of 50 and 59. This is up from a year ago were the number was 11 percent. Baby boomers in search of homes in Arlington are more than likely made up of people who have raised their kids in Virginia suburbs and are seeking to take advantage of the city living that Arlington, especially the northern part of Arlington offers.
As noted by Bankrate.com, there are a number of other factors that makes Arlington a great place for retirees.
According to a 2015 report, the crime rate in 2014 was the lowest since 1961. The area continues to have one of the lowest crime rates in Virginia.
In terms of healthcare, Arlington is home to a number of highly rated healthcare facilities.
Arlington has an average walk score of 68. Areas such as Ballston, Clarendon, and Rosslyn, that are likely sought after by baby boomers boast walk scores of 93, 93, and 88 respectively. According to walkscore.com, people in Arlington can walk to an average of 5 dining options, bars, and coffee shops in 5 minutes. Compared this with living in Great Falls, were it can take 10 – 15 minutes in a car to get to a restaurant. If you need to commute further, Arlington has very good public transportation. Most condominium buildings are in close proximity to the 10 subway stations in Arlington. Hop on a train at the Ballston-MU station and you can be in Washington D.C. within minutes.
Expectedly, the cost of living hasn’t deterred baby boomers from seeking residence in Arlington. First off, baby boomers are the wealthiest generational group, and typically are not shy about spending on what they want and need. Secondly, a baby boomer looking to move to Arlington is likely affluent or has an impressive savings or retirement portfolio, so the cost of living in Arlington will not impact their decision.
Not surprising, Alexandria, VA and Silver Spring, MD, two other communities in the DC area that have areas that offer similar city living made the list, with Alexandria coming in at number two.