Bozeman has once again grabbed the national spotlight this week when it was selected by Money Magazine as one of the most desirable places to retire in the United States. Specifically, Bozeman was the runner up for best town for an encore career, behind Iowa City.
According to the magazine, winners were chosen based on the likelihood of their financial and retirement success if they were to live in those places for their retirement. The magazine used a study done by the National Institute on Retirement Security to base their list. The study they used ranked the states, one through fifty, based on the financial security of their older community members. The study focused on housing prices, taxes, pension income, and job opportunities among other financial factors. Surprisingly, traditional retirement locations like Florida and Arizona did not score well in this study. In contrast, Northern states excelled despite their harsh winter climates and Wyoming led all states.
Money Magazine took the 12 states that scored highest in the study, in order to decide the best individual cities for retirement. The magazine started with nearly 200 locations and narrowed it to 30. After extensive interviews of the local people, they whittled the top thirty down to the final nine and Bozeman was included.
Money Magazine chose Bozeman as the runner up for retirees looking to take another crack at the working life. They cited Bozeman’s fast growing economy, coupled with a booming technology industry that can allow someone in the twilight of their career to be considered for and win employment. Although Bozeman has become a legitimate technological presence, it still lacks workers with experience in comparison to places like Silicon Valley. Those with technology backgrounds can stand by their experience and expertise in a town defined by a plethora of recent grads. Despite these graduates’ best efforts, they have only garnered 20 some odd years of life experience, let alone 20 years of work experience.
The magazine looked past money as the sole factor for a moving retiree. They also pointed to Bozeman’s historic downtown, with its old hotels and 100 plus locally owned small businesses as a major draw for retirees. With plenty to do outdoors, new retirees need not worry about finding activities to fill their recently opened days. The magazine warned against the weather, warning anyone looking to move that they would have long, cold winters ahead. But for anyone who enjoys being out in the snow, the cold is a small con compared to the long list of pros.
Bozeman continues to shine in both Montana and the nation. The growing economy, the growth of the city and the growth of the culture and feel of the town continue to attract more and more people looking to share in the funs and pleasures of Bozeman.