Survey: Memphis No. 2 for Retirement -- Baby Boomers Enjoy Climate, Amenities

By Callahan, Jody | The Commercial Appeal (Memphis, TN), April 17, 2012 | Go to article overview

Survey: Memphis No. 2 for Retirement -- Baby Boomers Enjoy Climate, Amenities


Callahan, Jody, The Commercial Appeal (Memphis, TN)


Memphians are accustomed to new folks moving to the city to go to school, to start a new job or to begin a medical residency.

But b aby b oomers? Recent retirees flocking to Memphis from other cities, other states, even other countries?

That's perhaps a little surprising, particularly after Memphis has been smacked so many times of late in various negative rankings from Forbes and others.

But according to a new study by the Washington Economics Group, the city ranks second overall as a retirement destination for boomers, a group typically defined as anyone born between 1946 and 1964.

"It's a pretty high ranking out of 20 cities," said Tony Villamil, principal economic adviser and founder of the the Florida- based economic consulting group. "It's an important city for retirees."

The group also ranked Oxford, Miss., sixth in the survey, which lists the top 20 retirement cities in the country.

To devise the list, the group analyzed data gleaned from a recent survey on retirement relocation preferences conducted by Mason- Dixon Polling and Research.

According to that survey, one-third of baby boomers would consider moving to another city that meets certain criteria, including being midsized, having a pleasant climate and offering a low cost of living, a favorable tax rate and a quality health care system.

Although longtime Memphians might debate the "pleasant climate" assertion on a July day, Villamil said the city fit neatly into that list of qualifications. …

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