Newer Communities vs. Older Communities

Retirement communities come in a variety of shapes and sizes.  These days new communities have a lot of bells and whistles, often including a large clubhouse with a state of the art fitness center, a resort-style swimming pool, an 18 hole championship golf course (or two or three), concierge services, transportation services, a rental program and much more.   Something to keep in mind with newer communities is how the development will look when it is completely built out.  And who will the residents be? Older communities often cannot match the amenities of newer ones, but they make up for that by having an established group of residents.   You have a better idea what you are getting when you buy into an older development.

Seal Beach Population:  24,500  |   Percentage Age 45 or Better:  60%   |   Cost of Living:  100% Above U.S. Average   |   Crime Rate:  Below U.S. Average

Leisure World - Seal Beach

(562) 598-1388

Condos and co-ops (9,000 residents)

Priced from $66,000 (income restrictions may apply)

Age Restriction:  55+

Web Site

Established community with lots of activities

California Stats:

Population, year 2009 estimate - 36,961,664

Persons 65 years old and over, year 2009 - 11.2%

High school graduates, percent of persons age 25+, year 2000 - 76.8%

Bachelor's degree or higher, pct of persons age 25+, year 2000 - 26.6%

Persons of Hispanic or Latino origin, percent, year 2009 - 37.0%

White persons, not Hispanic, percent, year 2009 - 47.1%

Median household income, year 2008 - $61,078

Social Security taxed?  No

Source: U.S. Census Bureau

 

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