Pittsburgh Appeals to Retirees

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By Randi Petrello

A new list of the "best places to retire" takes a look at more than just healthcare and the cost of living for those in their golden years.

The list, from CBS’ Moneywatch, includes cities with great lifestyles and that are desirable places to visit. Among those cities is our very own Pittsburgh.

The Steel City ranked on the top 10 list for its lifestyle, as the city boasts a symphony, ballet, museums, opera and, of course, great sports teams with the Steelers, Penguins and Pirates. Moneywatch also included the city’s incredible affordability. The median home price here is listed at $112,000 in 2011, “which is unusual for a city with top-notch hospitals and more than a dozen universities, art schools, and institutes,” the report stated.

More recent data from Zillow shows the median sale price has increased, to $126,000, as of August 2013.

Pierre Khoury, a real estate agent with Prudential Preferred Realty in Cranberry Township, said retirees and “snowbirds” have always been a great part of his business.

“Our older population in southwest Pennsylvania is among the highest in the county,” Khoury said. “They are a huge contributor to the economic boom in the medical and health care industry in Pittsburgh. They are downsizing as soon as they can and investing in condos, where there is very little upkeep so they can travel south for the winters.”

Also on the list were Austin, Texas; Clearwater, Fla.; Fort Collins, Colo.; Marquette, Mich.; Portland, Ore.; Santa Fe, N.M.; Walnut Creek, Calif.; Washington, D.C.; and Winston-Salem, N.C.

The nation's capital was noted for its plethora of museums, monuments, libraries and other facilities and organizations that make it a great place for retirees to volunteer their time. The city’s mild climate and convenient public transportation made it a great place for seniors, however the city’s median home price of $450,000 might hit the wallet hard.


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