With only 24 percent of working Americans reporting that they are “very confident” they will have enough money for a comfortable retirement, picking the right place to retire becomes vitally important.
For retirees, the ideal city has to offer good weather, lots to do, and access to good health-care, especially in light of the COVID crisis. That’s in addition to a cost of living that allows them to stretch their retirement dollars without sacrificing on lifestyle.
Now it’s easier than ever to research different locales before relocating thanks to personal-finance website WalletHub, which just released its report on the 2020’s Best & Worst Places to Retire. The report compares more than 180 U.S. cities across 46 key measures of affordability, quality of life, health care, taxpayer-friendliness and recreational activities.
No surprise that Florida captured four of the top 5 spots.
Orlando, Tampa, Miami and Fort Lauderdale beat over 175 other U.S. cities to win the highest rankings. Earlier this year, Florida already ranked #1 as WalletHub’s “Best State to Retire.” For more information on the rankings, check out WalletHub’s research here.
Top 5 – Best Cities to Retire
- Orlando, FL
- Tampa, FL
- Charleston, SC
- Miami, FL
- Fort Lauderdale, FL