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New York town sees surge in retirees thanks to affordable real estate, amenities: ‘Retirement hotspot’

News RoomBy News RoomAugust 3, 2025No Comments2 Mins Read
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New York town sees surge in retirees thanks to affordable real estate, amenities: ‘Retirement hotspot’
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Retirees have long flocked to Florida, Arizona and other warm-weather locales to live out their golden years. 

But new data shows there’s a New York town that’s quickly becoming a hotspot for those who have given up work. 

Mount Vernon in Westchester County is seeing a surge in senior citizen residents, according to a new GOBankingRates study. 

The company analyzed figures from the 2023, 2022, and 2018 US Census American Community Surveys to see which towns in America have witnessed the biggest increases in their population of people aged 65 and over. 

The number of Mount Vernon residents in that demographic surged a staggering 25% between 2018 and 2023. Now, almost one in every five townspeople (18.1%) is above retirement age. 

That put Mount Vernon at number 29 on the GOBankingRates list of the 50 Fastest-Growing Retirement Hotspots for 2025. 

Mount Vernon is just a 40-minute train ride to Midtown Manhattan, meaning senior citizens still have access to Big Apple’s cultural events and world-class doctors.

However, the town is sleepier than the city and is among the most affordable areas in pricey Westchester County. 

The median listing price currently stands at $526,000, according to Zillow.  Compare that with neighboring Bronxville, where average house prices is almost triple at $1,422,546. 

Only one other New York town made the GOBankingRates list: Niagara Falls came in at number 40, with a 21% increase to its population over the age of 65. 

Meanwhile, two New Jersey towns made the list: Clifton at number 25 and Hackensack at number 32, respectively. 

Predictably, Florida took out five of the top 10 retirement hotspots on the GOBankingRates list, including the top spot. 

Leesburg, Florida, was crowned number one with a staggering 54.8% surge in its 65+ population between 2018 and 2023. 

Read the full article here

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