"When it's time to retire, a lot of older adults migrate south for warmer climates, cheaper housing, and lower taxes. While southern cities like Naples and Fort Lauderdale often dominate as destinations for retirees, the Midwest has emerged as a favorable landing spot - at least, according to WalletHub. WalletHub looked at 182 cities and ranked the best places for retirees based on four key measures: activities, affordability, healthcare, and quality of life."
"Each of those four categories was weighted equally, however, other relevant metrics were used inside each category and weighted differently. For example, adjusted cost of living was weighted higher than annual cost of in-home services within the affordability category. "Rounding out the top 10 are cities that balance affordability, access to quality care, and vibrant lifestyles," WalletHub writer and analyst Chip Lupo told Business Insider."
"Unsurprisingly, Florida accounted for nearly half of the top 10 for best cities, while California took up more than half of the spots for the worst cities to retire in. "On the flip side, the bottom 10 cities face challenges that make retirement less appealing. San Bernardino, California; Stockton, California; and Rancho Cucamonga, California, rank among the lowest because of their high costs of living and weaker healthcare access," Lupo said."
WalletHub evaluated 182 U.S. cities for retiree suitability using four equally weighted categories: activities, affordability, healthcare, and quality of life. Individual metrics within categories received different weights, with adjusted cost of living prioritized over annual in-home service costs in affordability. Florida cities comprised nearly half of the top 10, benefiting from mild weather, lower costs, and strong local amenities. California held many of the lowest ranks due to high living costs and weaker healthcare access. Southern cities performed strongly overall, and several Midwestern cities also ranked highly for balancing costs, care, and lifestyle opportunities.
Read at Business Insider
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