Using AARP’s Livability Index to Find Your Retirement Destination

For many retirees, where they live plays a significant role in their overall happiness and well-being. Deciding where to live can be a significant challenge, especially for those that have lived in the same area for most of their working years.

The AARP Livability Index is a useful tool that can help retirees make more informed decisions about where to live during retirement. The Index provides a score out of 100, with 50 being the national average. For example, here is Reston, Virginia.

The score is comprised of seven subcategories -

1)      Housing: The availability of affordable housing, the percentage of homes with no-step entry, and the presence of housing for older adults.

2)      Neighborhood: The presence of sidewalks, streetlights, and proximity to public transportation.

3)      Transportation: The availability of public transportation, the percentage of people who walk or bike to work, and the number of transportation options for older adults.

4)      Environment: The air quality, the number of parks and recreational areas, and the presence of natural disasters.

5)      Health: The availability of healthcare providers, the prevalence of chronic disease, and the number of hospitals and medical facilities.

6)      Engagement: The presence of cultural amenities, community events, and volunteer opportunities.

7)      Opportunity: The availability of jobs, education and training opportunities, and the poverty rate.

Using the tool, a retiree can compare the livability of different communities and find one that meets their specific needs. For example, a retiree evaluating Reston who is concerned about access to good healthcare might look favorably at it, while someone who needs affordable housing might not.

The Livability Index is a great tool for retirees looking for a specific type of retirement destination. By providing a comprehensive assessment of a community's livability, the index can help retirees find the resources and services they need to enjoy a fulfilling retirement.

Happy Planning,

Alex

This blog post is not advice. Please read disclaimers.