If you're planning to retire in the next year, the first question you might have on your mind is, "Where should I live?"
Deciding on a
Check out 2024's updated rankings here:
Unsurprisingly, locales in Florida nabbed many of the top spots — Pensacola, Naples and Tampa all cleared the top 10. However, cities in Pennsylvania beat out beachfront properties and took up half of the list of
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"With fixed-rate mortgage rates more than doubling over the past year, things like happiness or healthcare quality, while important, will take a back seat to affordability," Patrick S. Duffy, real estate economist, said in a press release. "For those lucky buyers able to purchase with cash, they should still be mindful of housing values adjusting lower to compensate for rising mortgage rates."
Other factors that came into play in this year's ranking included "overall happiness," and midwestern cities like Fort Wayne, Indiana, Youngstown, Ohio, and Toledo, Ohio, saw large bumps in their rankings from the 2021-2022 list based on this factor. A survey by Merrill Lynch found that 93% of retirees said they were happier in retirement than they were while working.
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To improve your odds of a satisfying retirement, and of making your money last, check out the top 10 cities for retirees in the U.S.