In addition, assisted living costs are significantly lower here than elsewhere in the country. While the cost of living is considered very low compared with national standards, seniors also earn more, which is reflected in the city’s higher-than-average mean household, median household and per capita incomes. Seniors can rest easy knowing that retiring in Hoover is a safe bet for their financial profile. Since Hoover is a suburb of Birmingham, the SeniorScore for Birmingham can be used when considering Hoover as a retirement destination. Of the four categories, Hoover scored highest in the Finances category, with a 75, and the Recreation & Leisure category, with a 70. With an overall score of 79, Hoover scores seven points higher than both the national and state averages of 72. When considered together with the state’s tax-friendly laws, Hoover can be a viable option for seniors looking to stretch their retirement income further.īy combining more than 100 data points from government and private databases into four senior-relevant categories, SeniorScore indicates how senior-friendly a location is. This is $406 less per month than the average national cost of $4,051.
There are also plenty of golfing and recreational opportunities at the many area golf courses and parks.Īccording to Genworth Financial’s 2019 Cost of Care Survey, the approximately 65 assisted living communities located in or near Hoover cost an average of $3,645 per month. Seniors can choose from a variety of activities, from soaking up nature at Birmingham Botanical Gardens to strolling through Riverchase Galleria, Hoover’s large shopping mall. Alabama’s warm weather and lower cost of living, combined with Hoover’s proximity to Birmingham’s amenities, make the city an attractive retirement destination. Hoover, Alabama, a Birmingham suburb located beside the foothills of the Appalachian mountains, is home to nearly 14,000 seniors aged 65 and older.
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