Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.
Many Americans know that when they reach retirement age, a life of comfort won’t necessarily come from the income they’ve earned, but rather, the money they’re able to save.
That’s why cities where it’s cheaper to live are more and more appealing to post-career baby boomers.
A new WalletHub report analyzed data from more than 180 U.S. cities to come up with the places where retirees can live most comfortably.
The finance website was able to assign an overall score (on a 100-point scale) to the best and worst cities based on a number of key metrics, including affordability, recreation, health care and quality of life.
Of course, it may be cheaper to live somewhere off the beaten path, but when you consider some of the amenities many retirees say they want, like mild weather or museums, not every small city fits the bill. Let’s look at some key findings:
Did your city make the list? Let’s see the top 20 cities that are the most retirement-friendly, according to the report:
Best retirement cities | ||
Overall rank | City | Total Score |
1 | Orlando, FL | 60.87 |
2 | Tampa, FL | 59.06 |
3 | Scottsdale, AZ | 58.35 |
4 | Charleston, SC | 58.30 |
5 | Miami, FL | 57.21 |
6 | Denver, CO | 57.08 |
7 | Fort Lauderdale, FL | 56.58 |
8 | Cape Coral, FL | 56.50 |
9 | Minneapolis, MN | 56.46 |
10 | Cheyenne, WY | 56.06 |
11 | New Orleans, LA | 55.77 |
12 | Pembroke Pines, FL | 55.50 |
13 | Sioux Falls, SD | 55.49 |
14 | Cincinnati, OH | 55.48 |
15 | Las Vegas, NV | 55.45 |
16 | St. Petersburg, FL | 55.25 |
17 | Casper, WY | 54.96 |
18 | Salt Lake City, UT | 54.83 |
19 | Rapid City, SD | 54.52 |
20 | San Francisco, CA | 54.22 |
As far as places that are not as well suited for people in their golden years, here are the 20 worst cities for retirees according to the survey:
Worst retirement cities | ||
Overall rank | City | Total Score |
182 | Stockton, CA | 33.73 |
181 | Bridgeport, CT | 35.74 |
180 | Warwick, RI | 36.34 |
179 | San Bernardino, CA | 36.94 |
178 | Bakersfield, CA | 37.53 |
177 | Newark, NJ | 37.84 |
176 | Fresno, CA | 38.73 |
175 | Rancho Cucamonga, CA | 38.30 |
174 | Baltimore, MD | 39.53 |
173 | Providence, RI | 39.86 |
172 | Riverside, CA | 39.99 |
171 | Modesto, CA | 40.11 |
170 | New Haven, CT | 40.38 |
169 | Wichita, KS | 40.53 |
168 | Chula Vista, CA | 40.65 |
167 | Jersey City, NJ | 40.88 |
166 | Fontana, CA | 41.21 |
165 | Vancouver, WA | 41.40 |
164 | Worcester, MA | 41.60 |
163 | Tacoma, WA | 41.68 |
See the whole list at WalletHub.com.
If you’re still working and perhaps in the planning stages of setting up your nest egg, you surely can benefit from some savings strategies that work. Here are the best ways to save for retirement in your 50s.
This post was last modified on September 18, 2019 10:41 am
If you've been considering signing up for one of the Chase Sapphire credit cards, now…
The costs associated with owning a home go way beyond the amount on the mortgage. …
Inflation hits people on a fixed income the hardest. Say you're retired. You're living off…
Deciding to save and invest are great habits. But once you check that box, your…
If you're considering subscribing to Fubo, you need to be comfortable missing out on some…
Are you looking for a way to earn 2% back on every purchase you make…