Senior Spotlight: 3 Silicon Valley Cities Make Baby Boomer News
Do you know which Silicon Valley cities are ranked highly for retirees - and why?
March is here… and we’ll see if the adage about ‘coming in like a lion and out like a lamb’ rings true. As much of the Bay Area is experiencing a little rain at the time of this publication, we hope you are reading today’s latest news from somewhere warm, dry and comforting!
In recent times we have seen some Silicon Valley cities pop up in retirement news – which may come as a surprise given all that you read about out-of-state migration and the California exodus. But not everyone is leaving, especially those who have built their lives and have long-earned equity here. See which 3 cities serve a solid purpose for retirees and why below!
Santa Clara, CA
Did you know that Santa Clara has been named as “one of the best places to retire in the nation for its health amenities and quality of life.” At the end of 2024, San Jose Spotlight published the results of Fortune’s ‘Best Places To Retire Affordably.’ Designated as an age-friendly city by the World Health Organization, Santa Clara has many services in place to support residents as they age. Examples include a 3,000-square-foot senior center, free admission to the highly acclaimed (and notably accessible!) Triton Museum of Art, as well as a range of independent living supports. Heart of the Valley provides transportation to medical appointments, free medical equipment such as wheelchairs & scooters, plus no-cost home repairs to adults ages 62+ living in West Santa Clara County. Learn more at San Jose Spotlight & Fortune.
Sunnyvale, CA
In 2023, Sunnyvale welcomed 3,168 new Baby Boomers residents – and more than half of them came from outside of the United States. Housing Wire has reported that Sunnyvale ranks #36 in the Baby Boomer ‘transplant rate.’ While not a top destination for retirees as a whole, this does give Sunnyvale the highest rating for retirees moving in from abroad. Livable Sunnyvale reports that individuals over age 65 are the city’s fastest growing segment of their population, with a 22% increase in older adults compared to a population increase of other ages at 11%. Read more here.
Pleasanton, CA
Realtor.com has recently reported that there is a California city meeting the criteria for one of ‘The Best Cities for Boomers To Retire in Luxury.’ Realtor.com® Senior Economic Research Analyst Hannah Jones states that “Households who have a sizable amount of existing home equity and retirement savings may find purchasing a luxury retirement home appealing.” Criteria to make the cut as a best city for luxury retirement include places where the median population age is 55-plus and a notable, increasing share of home sales in the $1 million plus range. Pleasanton comes in at the #2 city to retire in luxury, with a median population age of 66, a median sale price of $1,650,167 last year and nearly 86% of homes listed over $1 million. See the stats and the other top contenders here.
Are you surprised that any of these Silicon Valley cities are in the news? Do you have a Bay Area locale beckoning your own retirement dreams? We’d love to hear all about it!
All my best,
Bobbi
Bobbi Decker
DRE#00607999
Broker Associate
650.346.5352 cell
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www.bobbidecker.com
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