401(k)s<\/a> and IRAs, as well as from pensions and even Social Security. There is some respite from taxed retirement income, though. Colorado allows residents to deduct up to $20,000 in retirement income if they are age 55 or older, and up to $24,000 if they are age 65 or older.\n<\/p>\nCost of Living in Pueblo County<\/p>\n
Monthly Expenses
\nEstimated Monthly Costs<\/p>\n
Housing
\n$1,083<\/p>\n
Transportation
\n$1,179<\/p>\n
Food
\n$608<\/p>\n
Taxes
\n$612<\/p>\n
Total Monthly Expenses
\n$3,482<\/p>\n
How Pueblo City Costs Compare to Other Colorado Cities and Towns <\/p>\n
Pueblo\u2019s cost of living really shines when you compare housing costs to those of other attractive places in the state. Below is a sampling of desirable Colorado retirement destinations, most of whose costs are much higher than Pueblo\u2019s. If you make Pueblo home, you can still visit these other towns, which are two to four hours away.\n<\/p>\n
Pueblo City Housing Costs Are Low for Colorado<\/p>\n
Median Home Value
\nMonthly Housing Cost<\/p>\n
Pueblo
\n$230,900
\n$1,011<\/p>\n
Denver
\n$586,700
\n$1,839<\/p>\n
Breckenridge
\n$757,100
\n$1,876<\/p>\n
Boulder
\n$982,600
\n$1,941<\/p>\n
Vail
\n$1,040,100
\n$1,748<\/p>\n
Lifestyle and Recreational Activities <\/p>\n
The city of Pueblo has a population of 110,803, which is approximately two-thirds of the 168,726 population of Pueblo County. With a county median age of 40.4, the community is filled with amenities for residents of all ages.\n<\/p>\n
Outdoor adventurers and animal lovers can take advantage of a network of walking trails and bird-watching opportunities at the Nature & Wildlife Discovery Center. If you\u2019re looking for hiking, Pueblo Mountain Park, Temple Canyon Park, Royal Gorge Mountain Park (featuring the world\u2019s highest suspension bridge, which you can walk across), and Greenhorn Mountain Trail are all within a 30-to-60-minute drive of Pueblo.\u00a0\n<\/p>\n
Several museums offer portals into the city\u2019s history, going back decades and even centuries:\n<\/p>\n
\u00a0\u00a0\u00a0\u00a0Steelworks Center of the West\u00a0\u00a0\u00a0\u00a0\u00a0Rosemount Museum\u00a0\u00a0\u00a0\u00a0Pueblo Heritage Museum\u00a0<\/p>\n
Pueblo\u2019s Creative Corridor, near the city center, hosts a growing arts community. Cultural and arts attractions include the popular Pueblo Chile & Frijoles Festival every September. Many other arts venues put on a variety of shows and performances throughout the year:\n<\/p>\n
\u00a0\u00a0\u00a0\u00a0Pueblo Memorial Hall and Performing Arts Center\u00a0\u00a0\u00a0\u00a0Sangre de Cristo Arts and Conference Center\u00a0\u00a0\u00a0\u00a0Impossible Playhouse\u00a0\u00a0\u00a0\u00a0Steel Theatre Company<\/p>\n
The highlight of the city center is the Historic Arkansas Riverwalk of Pueblo. The river walk winds through the heart of the city and offers both sunset strolls and sightseeing by water aboard the Pueblo Riverwalk\u2019s Boat Rides, which are open seasonally from May through September.\u00a0\n<\/p>\n
Nostalgia lovers will find movie magic at the Mesa Drive-In theater, which has been in operation since 1951 and shows a mix of old Hollywood classics and modern showings.\n<\/p>\n
Health Care and Accessibility <\/p>\n
If you retire in Pueblo, you\u2019ll have many health care options in Pueblo itself and within the nearby Colorado Springs and Denver metro areas. There are numerous senior-specific health care organizations within Pueblo, as well as a choice of hospital systems in the city:\n<\/p>\n
UCHealth Parkview Medical CenterPueblo Community Health CenterCommonSpirit – St Mary-Corwin HospitalUCHealth Parkview Pueblo West Hospital\u00a0<\/p>\n
A benefit of health care in Pueblo is that both the UCHealth System and the CommonSpirit System are part of larger hospital networks that have locations in Denver and other areas throughout the state. By seeking medical care at one of those hospital systems in Pueblo, you can use sister facilities if you need additional specialized care.\u00a0\n<\/p>\n
There are many resources and community organizations designed to meet the needs of older adults in Pueblo. City of Pueblo programs provide seniors with safety information, guidance on locating senior living, and even senior-specific storage units. The Senior Resource Development Agency (SRDA) organizes a full calendar of senior-specific social activities, recreation, and classes in painting, computers, fitness, and more. The SRDA also offers essentials such as food and nutrition, transportation, and housing.\u00a0\n<\/p>\n
Why Pueblo Remains Under the Radar for Many Retirees <\/p>\n
For retirees seeking a budget-friendly location with access to bustling urban areas, Pueblo is a great choice. When people research retirement destinations, they may overlook Pueblo due to its high poverty rate in the recent past. That was due in part to the decline of Pueblo-based employment in the steel industry. But the city\u2019s revitalization efforts have helped lower annual poverty by an estimated 7%, according to Census data.\u00a0\n<\/p>\n
The economic growth trends of both the city of Pueblo and Pueblo County show increasing household income and more economic exchange with surrounding counties. With a local economy trending in a positive direction and predicted to continue growing annually, Pueblo is a hidden gem that has retained affordability, especially when compared with nearby areas with significantly higher living costs, which may not be within reach for many retirees.\n<\/p>\n
Click here<\/a> to learn about the full methodology used to create these rankings.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways Located less than two hours from Denver, Pueblo, Colorado, offers an affordable alternative to more expensive…\n","protected":false},"author":2,"featured_media":402845,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,147,530],"class_list":{"0":"post-402844","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-personal-finance","10":"tag-personalfinance"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/402844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=402844"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/402844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/402845"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=402844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=402844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=402844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}