Every year, it is estimated that four million Americans retire from the workforce. This means each year, these number of people live on lesser income than they use to thus resulting in a change of lifestyle. Retirement presents most people with the opportunity to relocate to places with lower cost of living. And also, places that better suits their retirement plans. From experience, most retirees prefer places with great recreational activities, better cultural settlement, and good security, places where they can get cozy with family or even get a part-time job. All-in-all, this article is aimed at helping readers discover some of the best places to retire.
Most retirees make these choices as though they are planning for a long-term vacation but it’s clear that this period usually spreads into decades for most. So when choosing you need to look beyond the sunshine and the golf course. The tax rate of a city will greatly affect how far your money lasts throughout your retirement.
When making these sort of report lots of analysis are required and many factors considered. For example, take the economy, now most Americans expect to work through retirement at for part-time. Therefore, in our analysis, we looked out for places with high employment and growing economic base as compiled by the U.S Bureau of Labor Statistics.
Obviously, there’s no perfect city for every retiree. So based on your preferences, check out what each city offers you.
Top 10 best places to retire in America
According to a recent study by analysts at WalletHub, a list of 150 largest cities that are retiree-friendly was rated from best to worst. The criteria used in the analysis was based on the availability of home healthcare facilities, availability of recreational centers/activities and the cost of in-home services tallied with the overall cost of living.
Best cities to retire
- Orlando, FL.
- Tampa, FL.
- Scottsdale, AZ.
- Salt Lake City
- Austin, Texas
- Las Vegas
To see the full list of the 150 cities to retire ranked from best to worst, follow the link to go to Wallethub website. At the website, you’ll also find a detailed analysis of the methodology used and other important findings.
We recommend early preparation and thorough research to enable you to make the best decision. As already stated, this is not something to rush into, making the wrong choice will adversely affect your financial standing.