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11 Finest Locations to Retire in Colorado in 2023



Many individuals spend years dreaming of what their retirement will appear like. Along with the entire monetary planning that goes into it, you’ve most likely additionally dreamed about what you’ll do along with your newfound free time. Lastly, you will have given some thought to the place you’ll reside. Positive, southern states like Florida and Texas have lengthy been in style for retirees. However many individuals at the moment are 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 in recent times and has turn into a in style place to retire. Its inhabitants has persistently 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 crammed with mountains and lakes, that means individuals who get pleasure from out of doors recreation will really feel proper at residence in Colorado.

Colorado additionally stands out as being one of many healthiest locations to reside. 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 greatest healthcare companies to seniors and younger folks alike.

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

Lastly, Colorado has some monetary advantages. Sure, the price of residing is greater than the nationwide common, and it’s been growing as extra folks have moved to the state. Nevertheless, 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 Residing (In comparison with the State Common): 13% decrease
  • Value of Healthcare (In comparison with the State Common): 3% decrease
  • Crime Price (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 situated 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 residence to the College of Northern Colorado. It’s additionally residence 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, the town has a powerful historical past and tradition which you could expertise on the native museums and different native points of interest.

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

2. Pueblo

  • Inhabitants: 112,368
  • % of Inhabitants 65 and Older:2%
  • Median Dwelling Worth: $312,177
  • Value of Residing (In comparison with the State Common): 20% decrease
  • Value of Healthcare (In comparison with the State Common): 9% decrease
  • Crime Price (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. The town is residence 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 price that’s above the state common. Nevertheless, it additionally has an general price of residing that features inexpensive housing costs (even decrease than the nationwide common) and low healthcare prices. Lastly, the state has a comparatively giant senior inhabitants.

3. Fruita

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

Fruita is a small municipality situated in Mesa County within the western a part of Colorado. In reality, the 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 in style trailheads, canyons, and different pure areas. The city is residence 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 price of residing which might be under the state’s common. Lastly, the state has a criminal offense price 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 Residing (In comparison with the State Common): Equal to
  • Value of Healthcare (In comparison with the State Common): 3% decrease
  • Crime Price (In comparison with the State Common): 27% decrease
  • Facilities Rating: A+

Fort Collins is the fourth-largest metropolis in Colorado by inhabitants. It’s situated within the northwestern a part of the state, simply over an hour straight north of Denver. Fort Collins has a deep tradition that retirees will love. First, the town is named the Craft Beer Capital of Colorado, which is saying one thing, contemplating the big variety of craft breweries the state is residence 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 outdoors, together with its native climbing, tenting, fishing, boating, kayaking, horseback driving, and way more.

Fort Collins has a value of residing that’s on par with the state’s common. Housing is barely dearer, whereas healthcare is barely extra inexpensive. In the meantime, the town’s general price of residing is precisely equal to Colorado’s common. The town additionally enjoys a low crime price and lots of facilities. Nevertheless, 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 Residing (In comparison with the State Common): 4% greater
  • Value of Healthcare (In comparison with the State Common): 3% decrease
  • Crime Price (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 outdoors one of the in style nationwide parks, the town is surrounded by mountains on all sides. Close by you will discover Roosevelt Nationwide Forest, in addition to loads of wildlife. In different phrases, should you get pleasure from out of doors recreation, Estes Park is a spot you’ll get pleasure from.

Estes Park has housing prices and an general price of residing which might be greater than the state’s common. Nevertheless, it additionally has below-average healthcare prices and a really low crime price. 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 straightforward time discovering a group.

6. Buena Vista

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

Buena Vista is a small city situated 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 realm can also be residence 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 unimaginable views). And should you’re in search of native tradition, Buena Vista can also be residence to the Buena Vista Heritage Museum.

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

7. Woodland Park

  • Inhabitants: 7,983
  • % of Inhabitants 65 and Older:6%
  • Median Dwelling Worth: $523,059
  • Value of Residing (In comparison with the State Common): 4% greater
  • Value of Healthcare (In comparison with the State Common): 2% greater
  • Crime Price (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 practically 8,500 ft above sea degree. It has unimaginable 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 price of residing are greater than the state’s common, however housing prices and the crime price are each decrease. The town has roughly 8,000 residents, practically 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 Residing (In comparison with the State Common): 23% greater
  • Value of Healthcare (In comparison with the State Common): Equal to
  • Crime Price (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. The town is residence 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. The town can also be residence to geothermal scorching springs, that are stated to have therapeutic properties.

Steamboat Springs isn’t precisely an inexpensive place to reside. Whereas its healthcare prices are on par with the state’s common, its general price of residing is greater, and the median residence value is greater than $1 million. However should you can afford to reside 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 Residing (In comparison with the State Common): 1% decrease
  • Value of Healthcare (In comparison with the State Common): 5% greater
  • Crime Price (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. The town sits alongside the Arkansas River and is residence to the Arkansas Headwaters Recreation Space. It’s additionally residence to native out of doors recreation, like climbing trails and campgrounds. And if you head only a bit additional outdoors of city, you’ll discover the Pike and San Isabel Nationwide Forest, in addition to many mountains.

Salia has housing prices and an general price of residing which might be barely decrease than the nationwide common. Nevertheless, healthcare prices are a bit dearer than the state’s common. The town’s retirees additionally get pleasure from a powerful group since practically one-quarter of the residents are 65 or older. A significant draw back of Salida is the crime price, 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 Residing (In comparison with the State Common): 8% decrease
  • Value of Healthcare (In comparison with the State Common): 5% greater
  • Crime Price (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, situated within the state’s Western Slope area. The town is named 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. The town can also be residence 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 inexpensive cities on our listing. The general price of residing is decrease than the nationwide common, and housing is kind of inexpensive. The town additionally boasts a big senior inhabitants. Sadly, each the town’s healthcare prices and crime price are greater than the state common.

11. Montrose

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

Montrose is a municipality situated 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 price of residing 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, that means retirees can discover a sturdy group. Sadly, the town’s crime price and healthcare prices are barely greater than the nationwide common.

Subsequent Steps for You

Colorado could be a superb place to spend your retirement, due to its sturdy tradition, out of doors recreation, stunning surroundings, and tax perks. However keep in mind that the place you’ll spend your retirement years isn’t the one factor you must take into consideration. It’s additionally essential 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 need to be saving per thirty days to succeed in your retirement objectives.

Get Began with Private Capital’s Retirement Planner

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

The content material contained on this weblog put up 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’s best to seek the advice of a professional authorized or tax skilled concerning your particular scenario. Needless to say investing includes threat. The worth of your funding will fluctuate over time and you could acquire 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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