Austin is going gray, y'all. Well, at least according to Forbes magazine, which has named it one of the best cities in America for retirees.
Noting Austin's bike culture, volunteerism, terrific economy and reputation as an educational epicenter, Forbes selected Austin the No. 3 best place to retire in the United States. Though Austin killed it in most categories, Forbes noted the biggest con to moving there: Lack of affordable housing.
Coming in at No. 14: Charm central, Fredericksburg. Forbes says the 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 writes, "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 which is noticing Central Texas' "gray trend." On the real estate side, Bloomberg reports 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 in Austin.
But an aging populations means more than just a boon in real estate prices, it also means an overhaul in services. The St. David's Foundation announced it is allocating more than $3.4 million to 19 Austin area nonprofits which provide seniors with health care 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.