Austin is going gray, y'all. Well, at least according to Forbes, who just named us one of the best cities for retirees.
Noting our bike culture, volunteerism, terrific economy and reputation as an educational epicenter, Forbes named Austin the No. 3 best place to retire in the U.S. Though Austin killed it in most categories, Forbes noted the biggest con to moving here: Lack of affordable housing.
Coming in at No. 14: charm central, Fredericksburg. Forbes said this Central Texas town has, "warm climate, above average air quality, a cost of living 5 percent below national average, median home price of $138,000, low crime [and] high walkability rank." In the con category, Forbes simply wrote, "None." Austin and Fredericksburg joined San Angelo on the list, which Forbes ranked the No. 22 best spot for retirees.
And it's not just Forbes who is noticing Central Texas' "gray trend." On the real estate side, Bloomberg reported earlier this week that the real estate market in places like Austin and San Antonio are seeing a trend of Baby Boomers buying homes while Millennials are priced out. It's a trend we're seeing — at least anecdotally — as developers are increasingly adding designated "senior housing" to high-profile projects such as the Plaza Saltillo development.
But an aging populations means more than just a boon in real estate prices, it also means an overhaul in services. On Wednesday, the St. David's Foundation announced it was allocating more than $3.4 million to 19 local nonprofits who provide seniors with healthcare resources. Among the beneficiaries of the St. David's Foundation's bi-annual grants are Meals on Wheels and More, AGE of Central Texas and the Texas Ramp Project.