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retire

Finding the Best Places to Retire Since 2006!

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Retire in Telluride, Colorado?

Overview:   Nestled in breathtaking San Juan Mountains' scenery in remote southwestern Colorado, trendy, mellow Telluride sits on the San Miguel River in a forested box canyon. It is best known for its ski resort and summer festival season, but it started out as as a silver mining camp in 1878. It is also the place that outlaw Butch Cassidy robbed his first bank.

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Telluride Ski Resort has 2000-plus skiable acres and boasts some of the best champagne powder in the country. The town attracts everyone from celebrities and well-heeled, vacationing families to ski bums. Telluride festivals are many and legendary. Two of the best known are the Telluride Film Festival and the Telluride Bluegrass Festival. The town has received the Governor's Arts Award and is home to prestigious galleries, the Palm Theatre and the Ah Haa School for the Arts. The charming downtown has well kept, awning-draped Victorian buildings that house touristy, upscale cafes, ski shops, restaurants, boutiques and more. A free gondola ride takes visitors up the mountain, and more than 90 hiking and biking trails emanate from town or the canyon floor.

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Housing includes beautiful condos, chalets, cabins and more, many tucked deep in the forest. Although home prices are high, the town is committed to having at least some affordable housing and has one lower-income apartment community. This community is, though, generally intended for seasonal workers.

Population: 2,000 (city proper)

Percentage of Population Age 45 or Better:  22%

Cost of Living:  105% above the national average

Median Home Price: $910,000

Climate:   Summer temperatures are in the 60s, 70s and 80s, and winter temperatures are in the single digits, teens and 20s.   On average, the area receives 20 inches of rain and 170 inches (14 feet) of snow each year.    The elevation is 8,800 feet above sea level.

At Least One Hospital Accepts Medicare Patients?  Yes

At Least One Hospital Accredited by Joint Commission?  No.  The nearest accredited hospital is in Montrose, 65 miles away. 

Public Transit:   Yes, a free bus service.  Telluride Regional Airport is the highest altitude commercial airport in the country but is not open year round.

Crime Rate:   Below the national average

Public Library:   Yes

Political Leanings:  Very, very liberal

Is Colorado Considered Tax Friendly for Retirement?    Yes

Cons:   Telluride is fairly isolated and is losing population.

Notes:   Even though it is a remote place, with one road in and one road out, vacationers come year-round.  Telluride Regional Medical Center receives good reviews but is considered too small to meet local needs.  Discussions about building a new medical facility are ongoing.

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Recommended as a Retirement Spot?   Telluride is a fun little town but its remote location, lack of an accredited hospital and population loss should be considered before retiring here.

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Colorado:

Similar to California, the Colorado area was surrendered to the United States in 1848 at the end of the Mexican-American War. It did not become a state until 1876, 100 years after the nation's birth.

The Centennial State's geography includes high plains, deserts, foothills, and mountains. Its Rockies are part of the 3,000-plus mile geologic uplift known as the North American Cordillera. More than 50 of the Cordillera's peaks taller than 14,000 feet are in Colorado. Outdoor recreation ranges from backpacking and climbing to road cycling and skiing.

With roots in mining and agriculture, Colorado's economy has branched in many directions. It currently has a high concentration of tech and scientific research companies. Food processing, manufacturing, and tourism round out the state's industries.

The Centennial State maintains a long list of superlatives. It has the highest paved road, the deepest geothermal hot spring, and the nation's largest concentration of scenic byways. Colorado is the only state in the Union to reject the Olympics and one of the first to legalize recreational marijuana.

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Stats:

Population - 5,540,322

Persons 65 years old and over - 13%

High school graduates, age 25+ - 91% 

Bachelor's degree or higher, age 25+ - 38% 

Persons of Hispanic or Latino origin - 21% 

White persons, not Hispanic - 68% 

Median household income - $60,422 

Median home value - $247,800

Social Security taxed? Yes

Source: U.S. Census Bureau

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