This Florida City Was Just Named the Best Place to Retire Without a Car-and It Has Low Taxes, Too

"When you add up insurance, tolls, maintenance, parking, filling up, and repairs, owning a car is one of the fastest ways to drain your bank account. And when it comes to environmental costs, gas-guzzling vehicles certainly aren't the ideal form of transportation. That's why walkable cities are growing in popularity among visitors and potential residents. For retirees with tight budgets, car-free communities are especially attractive when looking for a new place to call home."

"GOBankingRates set out to find the absolute best places in the U.S. to spend retirement without a car. It named Wilton Manors, Florida, the best place to retire, no car necessary. A suburb of Fort Lauderdale, Wilton Manors has a $73,020 annual cost of living. It scored 17 out of a possible 20 in walkability, and 91 out of 100 in livability."

Car ownership carries high monetary and environmental costs, including insurance, tolls, maintenance, parking, fuel, and repairs. Walkable cities are growing in popularity. Car-free communities appeal to retirees on tight budgets by reducing transportation expenses and encouraging walking and biking for health and social interaction. GOBankingRates identified cities with at least 20% residents aged 65+ and considered walkability, incomes, housing and transportation costs, livability, and retiree expenditures. Wilton Manors, Florida ranked best for car-free retirement with a $73,020 cost of living, a 17/20 walkability score, and a 91/100 livability score. Wilton Manors is nicknamed 'Island City' and has a vibrant LGBTQ community.

Read at Travel + Leisure