U.S. News recently consulted RetirementJobs.com to determine the best cities for retirement-age job seekers. The analysis took into account employment growth, the unemployment rate, housing costs, the cost of living, and proximity to high-quality healthcare. Other factors: the prevalence of job opportunities in industries that tend to welcome older workers, such as healthcare, higher education, government, and service-industry jobs.
Cities with well-diversified economies are thriving despite the recession. More than 145 companies are headquartered in Bellevue, Wash., including well-known names like Expedia, T-Mobile, Microsoft, and drugstore.com. The area, which includes nearby cities Seattle and Tacoma, added 19,900 jobs in the past year, according to the U.S. Bureau of Labor Statistics.
Oklahoma City, Okla., earned bragging rights in November 2008 when it tied with Washington, D.C., as the city with the lowest jobless rate in the country. But the cost of living is far lower in Oklahoma than in D.C., making it a better spot for retirees looking to cut expenses. Although it was founded as an oil town, Oklahoma City today boasts an economy that also includes information technology, healthcare services, and the restaurant chain Sonic.
Many of the best places to find enjoyable work in retirement are college towns like Lubbock, Texas, and Charlottesville, Va., both of which have major universities and hospitals that provide plenty of jobs.