Ann Arbor, Michigan – Retirement Guide

Ann Arbor, Michigan   Retirement Guide

In recent years, Ann Arbor has become quite the darling of the retirement destination world. It’s a rare day an article extolling the best places to retire doesn’t mention this bustling college town in Southeastern Michigan. Active retirees are flocking here with day planners and calendars in hand — there is literally so much to do on any given day, it’s impossible to keep track of without some reminders.

Bustling Ann Arbor is home to University of Michigan, which provides an endless number of opportunities for seniors. Enroll in continuing education classes in topics as varied as philosophy and Ancient Greek theater at the university’s Osher Lifelong Learning Institute, or attend one of more than 500 annual events at the School of Music, Theater and Dance.

Retirees can visit the university to listen to esteemed guest lecturers, or peruse more than 18,000 artifacts at the University of Michigan Museum of Art. All these activities lie at retirees’ fingertips thanks to the university’s presence. Arts lovers will also go wild over the multi-day Ann Arbor Art Fair, and event that draws a whopping half million visitors to the town.

Pros: Vibrant college town, lifelong learning, outdoor recreation, great health care, low crime rate
Con: Cold winters

At a Glance
Best For: College town lovers, active retirees
Population: 114,925
Cost of Living: 4.2% lower than national average
Median Home Cost: $182,500
Unemployment: 5.4%
Top State Income Tax: 4.25%
Crime Rate: 48% lower than national average

Sports fans certainly won’t be disappointed as they take in plenty of Big 10 games thanks to the university’s incredible athletics program — fervent football and basketball fans abound throughout town. In fact, football weekends can be some of Ann Arbor’s busiest, traffic-wise.

Downtown Ann Arbor boasts many eclectic restaurants, shops, boutiques, bookstores, galleries and coffee houses. Outdoor lovers will be sated by traversing the town’s 60 miles or park bicycle and walking paths, kayaking the Huron River or exploring the 123-acre Nichols Arboretum.

Retiring to Ann Arbor is also affordable for most retirees. The cost of living is just below the national average, and median home prices are $182,500. Health care in the area is excellent and easy to come by thanks to the University of Michigan Health System. The town actually has one of the highest doctor-to-patient ratios in the nation.

Of course, the downside to retiring in Michigan is the weather. Winter is blustery and cold, and the town can see as many as 160 days of rain each year.

Top Retirement Cities in Michigan:  Ann Arbor | Traverse City

Photo by Andrew Horne via Flickr. All statistics were up to date as of publication. See these sources for the most current data.