California has always beckoned those seeking a fresh start. With its breathtaking natural landscapes, from majestic mountains to serene forests and stunning ocean vistas, California offers a rejuvenating haven for retirees.
Renowned for its high quality of life, abundant job prospects, and top-notch healthcare facilities, California stands out as a prime retirement destination. A recent analysis by U.S. News evaluated the 150 largest metropolitan areas in the U.S. based on various factors crucial for retirees, including housing affordability, happiness index, tax friendliness, employment opportunities, and access to quality healthcare. Here are some California cities worth considering for retirement:
14. San Jose
Population: 1,995,351
Share of population age 65+: 13.5%
Median monthly mortgage cost: $2,844
Median monthly rent: $2,511
San Jose boasts the nation's highest housing prices, making homeownership a challenge for many retirees. However, with its thriving tech industry, offering opportunities with global giants like PayPal, Cisco, and Adobe, coupled with its proximity to scenic attractions like the ocean, Sierra Nevada, and vineyards, San Jose provides an appealing setting for outdoor enthusiasts.
13. Stockton
Population: 771,406
Share of population age 65+: 12.6%
Median monthly mortgage cost: $1,506
Median monthly rent: $1,387
Located inland, Stockton offers more affordable housing compared to coastal cities. With its proximity to major urban centers like San Francisco and Sacramento, Stockton provides a blend of affordability and accessibility. Residents can enjoy cultural attractions like the Haggin Museum and the Bob Hope Theatre.
12. Vallejo and Fairfield
Population: 451,432
Share of population age 65+: 15.9%
Median monthly mortgage cost: $1,745
Median monthly rent: $1,802
Vallejo and Fairfield offer relatively lower home prices compared to nearby San Francisco. Retirees can take advantage of discounted ferry rides to San Francisco and explore unique attractions like Six Flags Discovery Kingdom and the Jelly Belly Candy Company.
11. Santa Rosa
Population: 492,498
Share of population age 65+: 19.9%
Median monthly mortgage cost: $1,970
Median monthly rent: $1,856
Nestled in the famed Sonoma and Napa valleys, Santa Rosa provides an idyllic setting for wine enthusiasts. With its picturesque vineyards and vibrant community, Santa Rosa offers ample opportunities for part-time work at wineries and a high happiness index among residents.
10. Salinas
Population: 438,953
Share of population age 65+: 13.7%
Median monthly mortgage cost: $1,837
Median monthly rent: $1,718
Salinas, known as the hometown of author John Steinbeck, offers more affordable housing than the nearby Bay Area. Surrounded by fertile farmland and moderate climate, Salinas provides a pleasant environment for retirees.
9. Bakersfield
Population: 905,644
Share of population age 65+: 10.9%
Median monthly mortgage cost: $1,181
Median monthly rent: $1,063
With its affordability and agricultural richness, Bakersfield presents an attractive option for retirees. The city's vibrant music scene and cultural heritage add to its appeal as a retirement destination.
8. San Francisco
Population: 4,725,584
Share of population age 65+: 15.6%
Median monthly mortgage cost: $2,562
Median monthly rent: $2,155
Despite its steep housing prices, San Francisco offers a dynamic lifestyle with abundant job opportunities and world-class healthcare facilities. Its cool summers and iconic landmarks make it a desirable destination for retirees seeking urban living.
7. Modesto
Population: 829,992
Share of population age 65+: 12.3%
Median monthly mortgage cost: $1,260
Median monthly rent: $1,315
Affordable housing and a rich agricultural landscape characterize Modesto. Residents can enjoy local festivities and cultural events, including the annual American Graffiti festival celebrating the city's connection to filmmaker George Lucas.
6. Santa Barbara
Population: 447,651
Share of population age 65+: 15.2%
Median monthly mortgage cost: $1,841
Median monthly rent: $1,810
Santa Barbara's Mediterranean climate and scenic beauty make it a sought-after retirement destination. With its proximity to beaches and national parks, Santa Barbara offers endless opportunities for outdoor recreation.
5. Visalia
Population: 470,999
Share of population age 65+: 11.3%
Median monthly mortgage cost: $1,090
Median monthly rent: $1,037
Situated in central California, Visalia provides affordable housing options and easy access to natural wonders like Sequoia & Kings Canyon National Parks. Retirees can enjoy a tranquil lifestyle amidst stunning landscapes.
4. Fresno
Population: 1,003,150
Share of population age 65+: 12.1%
Median monthly mortgage cost: $1,199
Median monthly rent: $1,098
Fresno offers proximity to renowned national parks and a vibrant agricultural scene. Retirees can indulge in outdoor adventures and enjoy the city's blooming orchards and abundant fresh produce.
3. Sacramento
Population: 2,379,368
Share of population age 65+: 15.4%
Median monthly mortgage cost: $1,597
Median monthly rent: $1,465
As California's capital, Sacramento provides a blend of urban amenities and affordability. With its diverse culture and proximity to major universities and healthcare facilities, Sacramento offers a well-rounded retirement experience.
2. Los Angeles
Population: 18,628,215
Share of population age 65+: 13.8%
Median monthly mortgage cost: $2,102
Median monthly rent: $1,737
Los Angeles attracts retirees with its vibrant arts scene and favorable climate. Despite its high housing costs, retirees can immerse themselves in the city's cultural richness and entertainment industry.
1. San Diego
Population: 3,296,317
Share of population age 65+: 14.1%
Median monthly mortgage cost: $2,081
Median monthly rent: $1,842
San Diego offers a perfect blend of coastal beauty and active lifestyle opportunities. With its temperate climate and world-class healthcare facilities, San Diego provides an ideal setting for retirees to enjoy their golden years.
While California boasts diverse retirement options, affordability remains a key consideration for retirees looking to settle in the Golden State. By carefully evaluating housing costs, quality of life factors, and personal preferences, retirees can find their perfect retirement destination in California.
About the Author
Gema Smith
Gema S. Smith has been an influential pioneer in the luxury real estate industry for over 30 years. With a reputation for providing first-class service and garnering impeccable results for her clients, Gema’s accomplishments have earned her mentions in San Jose Magazine as well as two State of California Senate Certificates of Recognition.
