Many Americans are postponing retirement, but most are looking forward to quitting work someday. But not all areas of the country are equal in their appeal for senior citizens.
Some places have more activities for older residents, some have better health-care systems, and some are more affordable. WalletHub, a financial education and research organization, has come up with what it considers to be the best and worst places to retire. Look in a subsequent issue of FA news for the worst places to retire.
WalletHub also considered the number of seniors in the population, the property crime rate and the overall quality of life for 150 metropolitan areas.
Following are WalletHub’s top 10 places to retire in reverse order and a reason why the areas ranked high considering the four main categories: affordability, recreational activities for seniors, overall quality of life and health-care facilities. Click here to see where WalletHub says not to retire. The full report is avaialble here.
No. 10 Peoria, Ariz.
Came in sixth for overall quality of life.
No. 9 Overland Park, Kan.
Came in first for health care facilities.
No. 8 Port St. Lucie, Fla.
Ranked well for overall quality of life.
No. 7 Baton Rouge, La.
Has a lot of activities for seniors.
No. 6 Sioux Falls, S.D.
Ranked well for health-care facilities and recreational activities.
No. 5 Orlando, Fla.
Ranked second for activities and placed well for health care.
No. 4 Cape Coral, Fla.
Ranked third for both quality of life and health care.
No. 3 Boise City, Idaho
Ranked seventh for overall quality of life.
No. 2 Scottsdale, Ariz.
Ranked second for quality of life and fifth for activities.
No. 1 Tampa, Fla.
Placed well in all categories and fourth for activities.