With inflation and consumer costs rising, a growing exodus of seniors on a fixed income are pulling up roots in search of financial stability elsewhere, according to a new study by SmartAsset.. 

"For some, relocating to a cheaper or more tax-friendly part of the country may no longer be a matter of preference, but a necessity," the personal finance website says in its new report. "Recent data suggests that seniors are moving out of expensive northeastern cities and into other parts of the country."

To identify both the states and cities attracting the most retirees on the move, SmartAsset analyzed the Census Bureau’s 2021 one-year American Community Survey, the most recent data available for populations aged 60 and older, in 146 of the largest U.S. cities. 

The findings do not reflect migration within the same state, nor do they indicate whether a retiree owns more than one home in more than one state.

Here, in ascending order, are SmartAsset's top 10 cities where retirees are relocating.

10. Raleigh, N.C.

Net Migration Increase: 830 retirees.

North Carolina gives cash-strapped seniors a host of retirement tax breaks. Many relocating retirees are settling down in Raleigh. Raleigh attracted 1,284 new seniors, while losing 454.