These Are the Top 10 Cities to Retire In — One Might Surprise You

Key Points

The results are in for the latest U.S. News rankings for the best retirement cities in the United States. For the most part, the list isn’t too surprising. Warm-weather locales like Florida and North Carolina dominate the list. But there’s one city most retirees wouldn’t expect to be on this list. Yet this city is ranked third overall — an incredible placing for this northeastern metro area.

Statue of Liberty against a backdrop of the American flag.

Image source: Getty Images

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks »

You won’t believe this city is the third-best retirement location

Here are the top 10 cities to retire in, as ranked by U.S. News:

  1. Naples, Florida

  2. Virginia Beach, Virginia

  3. New York City, New York

  4. Sarasota, Florida

  5. Boise, Idaho

  6. Raleigh, North Carolina

  7. Jacksonville, Florida

  8. Huntsville, Alabama

  9. Charlotte, North Carolina

  10. Fort Wayne, Indiana

For the most part, this list isn’t surprising. Cities in Florida — Naples, Sarasota, and Jacksonville — are known for their friendly weather and tax friendly climates. Other southern cities including Virginia Beach, Raleigh, and Huntsville enjoy similar benefits. Fort Wayne in Indiana, meanwhile, is known for its low living costs. The national average home price this year is around $370,489 — more than twice Fort Wayne’s average of $183,829! Boise, Idaho is more expensive, but possibly not so for the deluge of Californian retirees flooding the area.

Most surprising on this list is New York City. New York City is more expensive than any other top 10 city on this list, with higher commute times and a higher unemployment rate. But when it comes to entertainment, New York City is arguably second to none. According to U.S. News, retirees are increasingly looking for “a destination that will not only stretch their dollar, but is also a place for enjoyment.” So while the city is expensive, its local “happiness” score helped propel it near the top of the list.

The $23,760 Social Security bonus most retirees completely overlook

If you’re like most Americans, you’re a few years (or more) behind on your retirement savings. But a handful of little-known “Social Security secrets” could help ensure a boost in your retirement income.

One easy trick could pay you as much as $23,760 more… each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we’re all after. Join Stock Advisor to learn more about these strategies.

View the “Social Security secrets” »

The Motley Fool has a disclosure policy.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts