Tags: Retirement | retirement | Arizona | drawbacks

Drawbacks of Retiring in Arizona

By    |   Wednesday, 03 Jun 2015 09:41 AM

The idea of retirement in Arizona is full of bright thoughts and promises. There is an abundance of golfing options and numerous 55-and-over communities throughout some of the most beautiful landscapes imaginable. However, while Arizona is a great spot for retirees to spend their later years, there are some drawbacks to retirement in Arizona that should be taken into account. Here is a look at some of the drawbacks to spending your later years in Arizona.

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  1. Summer Heat - The biggest draw to retirement in Arizona is the weather. There are almost 300 days of sunshine in the state each year and that means lots of time for outdoor activities, such as hiking, bicycling, and golf. As a matter of fact, that is why the golf is so great in Arizona for retirees. However, once summer is underway, there are four months of the year that average more than 100 degrees Fahrenheit, with July and August feeling almost unbearable hot. With no rain and a blazing sun, this can be a miserable time of the year for the elderly.
  2. Few Natural Lakes and Landlocked - One of the problems with a state as hot as Arizona is that it is hard to keep lakes afloat. The fact is that there are only two natural lakes in Arizona – Mormon Lake and Stoneman Lake. There are actually more than 120 lakes in the state, but the rest were man-made, created for irrigation and flood control. Arizona does not border an ocean, so retirement in Arizona means a desert experience with little in the way of water entertainment and fishing.
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  4. Cost of Living Still High in Some Areas - In many areas of Arizona, the cost of living is below the national average, making retirement in Arizona towns like Mesa a nice destination. However, other areas like Scottsdale, which is a huge retirement community, are outrageous with a median home cost at more than $374,400. That is almost double the national average of $191,300. However, this is only in certain spots, and retirees can find more affordable living if they shop around.
  5. Economy Too Reliant on Real Estate Development - There are forecasts for the Arizona economy to grow in 2015, but it has been traditionally uneven thanks to the overreliance of the state on real estate development. When the housing boom crashed in 2008. Arizona was hit hard and lost a lot of jobs. Most of the economy won't rise too much until real estate development begins again, because according to an AZ Central article, an estimated 80 percent of the problems with economic recovery in the state was due to the lack of construction. Without new residents moving to the state, economic growth is stagnant.
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The idea of retirement in Arizona is full of bright thoughts and promises. There is an abundance of golfing options and numerous 55-and-over communities throughout some of the most beautiful landscapes imaginable.
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2015-41-03
Wednesday, 03 Jun 2015 09:41 AM
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