M
ount Vernon in Westchester County is experiencing a significant influx of senior citizens, according to a recent study by GOBankingRates. This trend bucks the traditional notion that retirees flock to warm-weather destinations like Florida and Arizona.
The study analyzed data from the US Census American Community Surveys for 2023, 2022, and 2018. It found that Mount Vernon's population of residents aged 65 and over surged by a remarkable 25% between 2018 and 2023. Today, nearly one in five town residents (18.1%) is above retirement age.
Mount Vernon's proximity to Midtown Manhattan makes it an attractive option for seniors who want access to cultural events and top-notch medical care without the high cost of living in the city. The median listing price in Mount Vernon is $526,000, significantly lower than neighboring Bronxville, where average house prices are nearly triple that amount.
Mount Vernon's appeal has earned it a spot on GOBankingRates' list of 50 Fastest-Growing Retirement Hotspots for 2025, ranking number 29. Only one other New York town made the list: Niagara Falls, which came in at number 40 with a 21% increase in its population over the age of 65.
Florida dominated the top 10 retirement hotspots, with five towns making the cut, including Leesburg, which took the top spot with a staggering 54.8% surge in its 65+ population between 2018 and 2023. Two New Jersey towns also made the list: Clifton at number 25 and Hackensack at number 32.
