Luxury Retirement Communities: How Affordable Are They?

Wouldn’t you like to live in a place that offers 24-hour concierge services, a massage therapist on call, and five-star dining every night? This can be a reality. A lot of lucky seniors in ultra luxurious retirement communities in New York, Rhode Island and Florida are living this dream every day. Is it only for the ultra-rich? Certainly not! Any average, middle-class American is able to afford such decadence, and here’s why:

Often, baby boomers are more willing to pay slightly higher rent prices to receive added amenities in their communities, such as swimming pools, exercise rooms and tennis courts. There are around 78 million baby boomers in the US and those who are 50 and older hold around 75 percent of the nation’s wealth. So communities catering to these seniors are both in high demand and many people can certainly more than afford to live in these places. 

However, the economy has made many people wary of increasing rents and purchasing real estate. A careful analysis of housing prices showed that prices have remained flat, with not much change, for several years now. Therefore, the costs of living in these places have not risen too much. However, as the economy continues to improve, the costs may end up being much more than what they are now.

While living in an expensive, lavish community may improve your wellbeing, many seniors choose to live in smaller communities closer to their families. The quality of the care is the same; even without the steak Tartare or a luxurious three-hour massage just a phone call away! However, if you are able to, nothing should stop you from living the luxurious retirement of your dreams. The Huntington at Nashua provides a beautiful and comfortable lifestyle for you or your loved ones. Contact them today to learn more.