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retire

Finding the Best Places to Retire Since 2006!

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Retire in Steamboat Springs, Colorado?

Overview:   Located at 6,728 feet above sea level in the rugged mountains of northwestern Colorado, Steamboat Springs was known to the Ute Indians for its natural hot springs. Trappers and ranchers moved into the area in the 1800s, and for years, skiing was practically the only way in and out.

 

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Today, Steamboat is growing but is still remote. It sits at the base of Mount Werner and is a premier downhill ski destination, home to the Steamboat Ski Resort where international skiing events, including the World Cup, are held. Hip, casual, affluent and touristy, Steamboat draws not only elite skiers and ski bums but also vacationing families. Several Olympic downhillers, including Billy Kidd, reside here. Almost everything revolves around skiing and other winter sports, including snowshoeing and snowmobiling, but summers are busy, too, with kayakers and river rafters shooshing down the Yampa River that runs through town. Hiking, camping, biking and fishing are all popular. Residents and visitors both enjoy the hot springs, particularly in Old Town and Strawberry Park.

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There are two primary shopping centers, one along the main road and one at the mountain base. Housing stock includes Victorian single family homes and large, modern condominium developments.

Population:  13,000 (city proper)

Age 45 or Better:  28%

Cost of Living:  45% above the national average

Median Home Price:  $605,000

Climate:   Summer are short but just about perfect with temperatures in the 70s and 80s.  Winters are long with temperatures in the single digits, teens and 20s.   On average, the area receives 165 inches of snow per year.

At Least One Hospital Accepts Medicare Patients?   Yes

At Least One Hospital Accredited by Joint Commission?  Yes, and Yampa Valley Medical Center is a Level IV Adult Level Trauma Center.

Public Transit:  Yes, provided by Steamboat Springs Transit.  This is a free service that makes stops at hotels and the ski resort but also at the grocery, the shopping centers and the library.   A para-transit service is available, too. 

Crime Rate:  Below the national average

Library: Yes

Political Leanings:   Liberal

College Educated:   57%

Is Colorado Considered Tax Friendly for Retirement?   Yes

Cons:  Steamboat is only accessible by one road, State Highway 40.  

Notes:   The mountains around Steamboat are not as impressive as those in some other Colorado ski destinations. Most jobs are seasonal, so a lot of people come and go.   Despite the tourists and seasonal comings and goings, permanent residents have a closely-knit community.   Yampa Valley Regional Airport is open year round and has flights to Denver and Salt Lake City.      

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Recommended as a Retirement Spot?    Yes, although it has a young demographic.

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Colorado:

Similar to California, the Colorado area was surrendered to the United States in 1848 at the end of the Mexican-American War. It did not become a state until 1876, 100 years after the nation's birth.

The Centennial State's geography includes high plains, deserts, foothills, and mountains. Its Rockies are part of the 3,000-plus mile geologic uplift known as the North American Cordillera. More than 50 of the Cordillera's peaks taller than 14,000 feet are in Colorado. Outdoor recreation ranges from backpacking and climbing to road cycling and skiing.

With roots in mining and agriculture, Colorado's economy has branched in many directions. It currently has a high concentration of tech and scientific research companies. Food processing, manufacturing, and tourism round out the state's industries.

The Centennial State maintains a long list of superlatives. It has the highest paved road, the deepest geothermal hot spring, and the nation's largest concentration of scenic byways. Colorado is the only state in the Union to reject the Olympics and one of the first to legalize recreational marijuana.

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Stats:

Population - 5,540,322

Persons 65 years old and over - 13%

High school graduates, age 25+ - 91% 

Bachelor's degree or higher, age 25+ - 38% 

Persons of Hispanic or Latino origin - 21% 

White persons, not Hispanic - 68% 

Median household income - $60,422 

Median home value - $247,800

Social Security taxed? Yes

Source: U.S. Census Bureau

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