Ranking the Most & Least Favorable Locations for Retirement
After dedicating decades to hard work, it is only natural to anticipate financial stability during our retirement years. However, not all Americans can look forward to a peaceful retirement. Approximately 61% of workers express some level of confidence in having sufficient funds for a comfortable retirement, yet only 21% are very confident. Consequently, many workers plan to postpone their retirement, with the median expected retirement age remaining at 65, and nearly three-quarters expect to engage in some form of work post-retirement.
To assist Americans in planning a financially viable retirement while ensuring a high quality of life, WalletHub evaluated the retiree-friendliness of over 180 U.S. cities based on 45 essential metrics. Our dataset encompasses factors such as living costs, tax regulations, availability of recreational activities, and the standard of health care.
Top 5 Best Cities for Retirees:
- Orlando, FL
- Miami, FL
- Tampa, FL
- Scottsdale, AZ
- Casper, WY
Overall Rank
City
Total Score
Affordability Rank
Activities Rank
Quality of Life Rank
Health Care Rank
1
Orlando, FL
63.38
2
17
77
11
2
Miami
59.40
54
6
91
29
3
Tampa, FL
59.29
41
10
34
89
4
Scottsdale, AZ
58.87
114
18
1
35
5
Casper, WY
58.79
3
63
23
65
6
Atlanta, GA
58.73
56
4
96
52
7
Minneapolis
57.92
97
8
89
20
8
Fort Lauderdale, FL
57.92
75
13
64
41
9
Charleston, SC
57.54
29
26
79
59
10
Pittsburgh
56.58
112
21
57
7
Individuals prepare for retirement at different points in their lives. However, irrespective of one’s age, proactive planning can be beneficial.
To read more, click here.
The post Ranking the Most & Least Favorable Locations for Retirement first appeared on The MortgagePoint.
