davismills
Recycles dryer sheets
- Joined
- Dec 6, 2012
- Messages
- 335
Warner Robins, GA 31 ... 36 ... 45K ... 115K Property tax 3100.
What's important to you? Make your list... Culture? Family? City? Country? Cost of living? Shopping/Restaurants/Entertainment? Distance from....? Healthcare/Retirement facilities? Neighbors -young, old, wealthy, average...? and how you'll fit in when you're 10 or 20 years older? Big house, small house, condo, country, in town, closed community? Social life?
City Median age - State Median age- HH Med income - Med house value
Peru,Il.................... 45...38....47K....128K
Boulder Co............. 29...36....5kK....584K
San Francisco CA.....38...36....92K....941K
Austin TX.................32...34...56K....235K
Tampa FL.................35....42...44K...190K
Seattle WA..............36....38...80K...530K
Raleigh NC...............33...38....57K...227K
Chicago IL...............34...37...51K....239K
Nashville TN............34...38...51K....185K
Las Cruces NM.........33...37...41k....154K
Boise ID..................35...37...55K.....209K
Des Moines IA..........35...38...49K....119K
Carson City, NV.........43...38...42K...237K
New Orleans, LA.......36...36...39K...316K
Albuquerque, NM....36...37...48K...183K
Bend, OR...............37...39...53K...331K
Redmond, OR.........35...39...45K...198K
I added my current city, the city where I want to retire, and the nearby less expensive city where I might actually retire. I agree that having a younger population is not always an advantage - I suspect it leads to higher taxes for schools and other institutions and possibly more crime unless a major college town. For consistency I used the CD data but median home prices in Bend and Redmond are now closer to $376K an $260K respectively. But I have family in that area and have wanted to retire there for more than 20 years.
I'm always skeptical of CD home prices and sometimes the data is several years old and home prices can increase fast in a hot market.
I moved to Northern NV for a job 20 years ago and love it here. The weather is awesome, etc. However, it is the most expensive place I have ever lived.
Maybe Boulder has more single family and Seattle more condos (which I believe are less expensive and would bring the median home value down)?
After considering everywhere from Maui to Maine to the Eastern Shore of Maryland, we retired in Brewster, in the crook of the elbow of the Strong Right Arm of Massachusetts. One of the major considerations was community. Retiring often means losing most of your social circle, and we wanted to be around People Like Us.
City Median age - State Median age- HH Med income - Med house value
59 - 39 - $57,174 - $406,300
(NB: the median home price is higher than the median household income can support because we have many expensive second homes. The plus side is that these fine people pay a disproportionate amount of taxes for the services they receive, and they're only here during the summer months.)
Here's my info for San Diego
CA state median age: 36.2
San Diego median age: 34.5
SD Median household income: $67,871
Median value of owner occupied home unit: $526,900
source: https://censusreporter.org/profiles/16000US0666000-san-diego-ca/
edited to add: I put where I live - because I have no plans to change cities. My house is paid for and my prop taxes are kept low by prop13. I live in paradise (to me) and see no reason to move.
City Median age - State Median age- HH Med income - Med house value
Peru,Il.................... 45...38....47K....128K
Boulder Co............. 29...36....5kK....584K
San Francisco CA.....38...36....92K....941K
Austin TX.................32...34...56K....235K
In the city of Austin, median price increased 4.1 percent to $370,600 during the same time frame.
I'll take all the high earning neighbors I can get. They are much less like to do home invasions, street muggings or random shootings. Some rich person shoots somebody it is usually a wife or husband, and since I am not nor ever will be married, not my problem.
Ha
I think Texas Home prices are so low...
Intriguing comparison. A bit late in, but here are my home town numbers. South central MN. Tiny town 20 minutes from a regional hub city.
City median age 52.8
State median age 37.9
HH med income $57k
Med house value $86k
I don't see much reason to complain. My house is very close to median but our hh income is not. The current plan is to retire in the area when time is ripe 1 month or 5 years from now or something in between.
I've used city-data.com to pull some comparisons of a few arbitrary cities to look at some age and money factors. Make of it what you will. No conclusions but just a few different place to look at. My town is at the top, so I used it to try to figure out why so many folks here seem to think that housing prices of 500K are normal.
Too many words... again.
City Median age - State Median age- HH Med income - Med house value
Peru,Il.................... 45...38....47K....128K
Boulder Co............. 29...36....5kK....584K
San Francisco CA.....38...36....92K....941K
Austin TX.................32...34...56K....235K
Tampa FL.................35....42...44K...190K
Seattle WA..............36....38...80K...530K
Raleigh NC...............33...38....57K...227K
Chicago IL...............34...37...51K....239K
Nashville TN............34...38...51K....185K
Las Cruces NM.........33...37...41k....154K
Boise ID..................35...37...55K.....209K
Des Moines IA..........35...38...49K....119K
Carson City, NV.........43...38...42K...237K
New Orleans, LA.......36...36...39K...316K
I don't think the Bay Area prices are normal but they are what they are. The median home price in the city is $1.275M on Redfin. We bought a long time ago and Prop 13 keeps our property taxes low so it doesn't impact us too much. If there is another tech or stock market crash in the future some of those home prices could drop like 2008.
I don't know where you live but it didn't drop where we were. In fact my tenant was a CEO or general manager of a mid size company, he has relocated from NJ and expected it to drop but it didn't, he rented 6-7 years and finally decided it was time to buy. It did drop 20% during the dot com burst though.I don't think the Bay Area prices are normal but they are what they are. The median home price in the city is $1.275M on Redfin. We bought a long time ago and Prop 13 keeps our property taxes low so it doesn't impact us too much. If there is another tech or stock market crash in the future some of those home prices could drop like 2008.