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The Best City For Retirement

By Ramon Gomez, Jr.
Aug 01, 2018

According to Business Insider, Salt Lake City is one of the top three places in the country to retire in which makes Park City also very attractive. Retirement doesn't have to mean moving away from a city you love or giving up the cultural opportunities bigger metros provide that can make your retirement years golden. Aging in place is a growing phenomenon, as many seniors plan to stay in their own homes and remain active members of their communities rather than move elsewhere. But other retirees may still feel the urge for new scenery and a new zip code, whether to lower their cost of living as they adjust to life on a fixed income, or to find a new home that better fits their lifestyle or health care needs.

MagnifyMoney decided to look at which of the 50 largest metros offer the best opportunities for senior citizens in terms of lifestyle, cost of living, medical care and — when the time comes — both in-home and residential assisted care.

Salt Lake City seems to have the most engaged senior community, with 40.3% of people over the age of 55 volunteering, far in excess of the 24.7% average among the 50 metros we reviewed. Residents in the metro are also a bit more active than many other places, and at 27.6%, the metro has the lowest rate of preventable hospital stays. That may explain why, at $8,914, the average healthcare cost per Medicare patient is lower than the $9,627 average for the 50 metros. The metro could use a boost in their assisted care and quality availability, earning a score of 35.4, which is lower than the average of all metros we reviewed. Interestingly, Salt Lake City does not appear to be a draw for seniors, as only 1.5% of them moved there from elsewhere. To read the entire article click here.

Not retiring yet, well Salt Lake City is also one of the top 5 Cities Millennials are Flocking To - There are several places in the U.S. where millennials can be found due to the high employment rates and beautiful settings. For adults who are in their 20s and 30s, there are several places where it's smart to invest. When you're looking to move, these are a few cities that millennials are flocking to throughout the country. Salt Lake City takes spot #1! The high job growth in Salt Lake City makes it a desirable place for young adults to live as they look to obtain steady employment. The city is affordable to live in and has a median home price of $233,000 with job growth of 2.4 percent. Salt Lake City also has a lower unemployment rate compared to other markets throughout the U.S. with 2.9 percent, which is below the national average by a few points.

Now, switching gears - do you enjoy beer? Park City Magazine has a great article about the upcoming beer events happening in our area.

Hops on the Hill - Nothing quite says summer like Hops on the Hill at the Stein Eriksen Lodge. This annual 7-week series pairs scrumptious bites conjured up by Chef Zane Holmquist and his team together with favorite beers from a variety of Utah craft breweries. Add a the magnificent view from the deck of the Stein and an outdoor concert from a local band and you’ve just created the perfect summer evening. This year’s series kicked off on July 17 and will continue every Tuesday through August 28. Pairings are $20 for food, $20 for beer and will be served on the deck from 6-7:30 p.m. Additional a la carte grill and beverages available for purchase.

The local breweries and bands remaining in this year's series include:

  • Aug 7: Melvin Brewing & 2 Row Brewery; Band: Fastback
  • Aug 14: Red Rock Brewing & Proper Brewing Co.; Band: The Lazlos
  • Aug 21: Wasatch Brewery & Bonneville Brewery; Band: Utah County Swillers
  • Aug 28: Mad Fritz Beer & Mountain West Cidery
 

Oktoberfest at Snowbird - So you couldn’t make it to Munich for the granddaddy of all beer festivals? Not to worry, grab your lederhosen head over the canyon from Park City to Snowbird for one of the best Oktoberfests this side of the Mississippi. Featuring alp horns, live music, a beard contest, music, games, food, and, of course, a never-ending flow of beer, this celebration of German culture is a perfect weekend outing the whole family can enjoy. This year’s festival kicks off on August 18 and will be held every Saturday and Sunday through October 21, 2018, including Labor Day Monday.

World’s Longest Shot Ski - For the last couple of years Park City and Breckenridge, CO have been competing to hold the record for the world’s longest shot ski. Creating a shot ski that takes up the greater part of Main Street is no small task, but it’s well worth it considering all the proceeds from ticket sales go to charity. The lively affair, hosted by the local rotary club, takes place in October (this year’s date TBA).

Last week we shared the 2018 Second Quarter Wasatch Back Overview. In case you missed it click here for the digital online version https://joom.ag/ujUY

Have a great week!

 
 
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