Baby Boomers Covet Cape Coral
Millennials may be flocking to certain areas of the country, but its baby boomers who seem to really covet a Cape Coral lifestyle. In fact, Florida has more top ten cities than any other state in the nation when it comes to the places “Where Baby Boomers Are Moving”.
At least that’s according to figures recently put out by personal finance website, SmartAsset.com. Analysts from Smart Asset recently released a list of the cities where they say people between the ages of 55 and 74 are moving, and Cape Coral makes a showing in the top five.
According to Smart Asset, Cape Coral was fourth in terms of the cities where baby boomers moved to in 2022. The city saw more than 6,000 people of baby boomer age moving in last year.
While that’s significant, the ranking actually considers baby boomers who moved in as a percentage of a city’s overall population. For Cape Coral, that was just under three percent. It probably doesn’t hurt that nearly 30-percent of the entire City of Cape Coral’s population consists of baby boomers.
Clearwater took the top spot, followed by Reno, Nevada. Orlando came in just ahead of Cape Coral, while St Petersburg came in at number 10. Miami took the 20th spot.
In terms of baby boomers moving here from abroad, Cape Coral had the second highest rate, at more than 1,200 new residents. Only Orlando performed better.
Located close to Fort Myers, Cape Coral is home to hundreds of miles of canals, golf courses, waterfront dining establishments, and recreation. The city also boasts a relatively affordable price point and is popular with those who spend their winters in Florida.
The fast-growing city started out as a master-planned community but is now a favorite location to call home. A few years ago, Forbes Magazine agreed, naming it among “America’s 100 Best Places to Retire”.