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Georgetown, Texas: Leading the Nation in Growth

Residents of Sun City Texas engaging in fun activities.

News Summary

Georgetown, Texas has been recognized as the fastest-growing city in the United States, driven by the thriving senior community of Sun City Texas. This age-restricted community boasts over 17,000 residents enjoying an active lifestyle, which significantly contributes to the local economy. With excellent amenities and close proximity to Austin, Georgetown offers both leisure and opportunities for its aging population. The rising demand for senior living spaces is evidenced by an increase in home prices, showcasing the financial strength of its residents.

Georgetown, Texas: The Fastest-Growing City in the U.S.

Hey there! Have you heard the buzz about Georgetown, Texas? This charming city has officially been dubbed the fastest-growing city in the entire United States, and it’s all thanks to our vibrant and active senior community! Let’s dive into what makes this place so special.

Sun City Texas: A Senior Haven

At the heart of Georgetown’s growth is Sun City Texas, a delightful age-restricted community that spills across an impressive 5,421 acres. Picture this: more than 17,000 residents living here, enjoying a life filled with fun and leisure. The median age of these residents is around 73 years old, and they are proving that life really can start anew in golden years!

Why Sun City is a Hit

Sun City Texas is like a resort crafted just for folks aged 55 and older. Residents have access to fantastic amenities including sparkling pools, well-equipped fitness centers, and even pickleball courts, which have become a hit among the seniors. This active lifestyle not only keeps them entertained but also fosters a strong sense of community.

The Economic Power of Active Seniors

Georgetown’s dynamic growth isn’t just about numbers; it’s also about the significant economic boost provided by these active seniors. Georgetown’s Mayor, Josh Schroeder, has mentioned how crucial these older residents are in supporting local businesses. They’re often seen frequenting local shops, dining at nearby restaurants, and visiting local hospitals and health clinics. This has led to the creation of hundreds of jobs every year, helping the economy flourish.

An Increasing Trend: Wealth & Spending

Speaking of thriving, there’s an interesting trend we can’t ignore. Seniors aged 55 and above control nearly 70% of U.S. household wealth, which is a huge jump from the 50% they held back in 1989. When it comes to personal spending, this age group now accounts for 45% of U.S. spending, up from just 29% thirty years ago. Talk about power players!

The Georgetown Advantage

Another reason Georgetown is booming is its proximity to Austin, a rapidly expanding tech hub. This connection offers residents plenty of opportunities while still providing that small-town charm. The accumulation of wealth among seniors means they can enjoy a lifestyle rich in leisure activities, greatly benefiting local businesses.

New Developments on the Horizon

Exciting things are on the way, too! The development company PulteGroup is set to complete its 10,550th house in Sun City Texas by 2028, a major undertaking that reflects the growing demand for senior living spaces.

Welcome to a Thriving Market

As demand rises, the median home price in Sun City Texas has surged to approximately $495,000. Interestingly, a whopping 55% of homes were purchased with cash in 2023, showcasing the financial capability of this demographic.

The Growing Trend for Age-Restricted Communities

It’s becoming clear that age-restricted communities are on the rise, especially in regions like the South and West of the United States. States such as Texas, Florida, Arizona, Georgia, and the Carolinas are super popular due to favorable climates and tax advantages, drawing in folks looking for a more laid-back lifestyle.

Above All, It’s All About Fun!

For many seniors moving into communities like Sun City Texas, it’s all about having more fun than ever before, even claiming they have “more fun than their daughter.” Georgetown isn’t just a place to live; it’s a community brimming with vitality and excitement!

So, if you’re looking for a lively atmosphere filled with active lifestyle benefits and a strong community spirit, Georgetown, Texas is the place to be!