WalletHub compared more than 180 U.S. cities across 45 key measures of affordability, quality of life, health care and recreational activities.
| Best Cities to Retire | Worst Cities to Retire | ||
| 1. Orlando, FL | 173. Fontana, CA | ||
| 2. Miami, FL | 174. Detroit, MI | ||
| 3. Tampa, FL | 175. Bridgeport, CT | ||
| 4. Scottsdale, AZ | 176. Tacoma, WA | ||
| 5. Casper, WY | 177. Bakersfield, CA | ||
| 6. Atlanta, GA | 178. Rancho Cucamonga, CA | ||
| 7. Minneapolis, MN | 179. Fresno, CA | ||
| 8. Fort Lauderdale, FL | 180. Newark, NJ | ||
| 9. Charleston, SC | 181. San Bernardino, CA | ||
| 10. Pittsburgh, PA | 182. Stockton, CA | ||
To view the full report and your city’s rank, please visit:
https://wallethub.com/edu/
Retirement Savings Survey
- Pension preference. 7 in 10 people believe a pension is better than a 401(k).
- Americans worry about retirement. More than 1 in 3 Americans are not confident they will have enough money to retire.
- Benefit trade-off. More than half of Americans say they would prefer to pay a 12.4% Social Security tax to get double the benefits rather than a 6.2% tax and current benefits.
- Retirement doubt. 43% of people believe it is not realistic for the average American to expect to retire comfortably.
- Many people may never retire. 40% of people say they expect to work until they die.
- Debt takes precedence. More than 2 in 5 Americans think paying off debt is more important than making retirement contributions.
For the full survey, please visit:
https://wallethub.com/blog/
“It’s important to choose wisely when picking where to retire, as many retirees are on a fixed income. As a result, the best cities for retired people are those that minimize taxes and expenses, as well as have good opportunities for retirees to continue paid work for extra income, if they choose to do so. In addition, the top cities provide high-quality health care and offer plenty of enjoyable activities for retirees.”
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“Orlando, FL, is the best place to retire, in part because it is one of the most tax-friendly cities and is located in a state without estate, inheritance or income taxes. In addition, while Orlando doesn’t have a particularly low cost of living, it is relatively inexpensive when it comes to homemaker services and adult day health care. On top of that, Orlando ranks as the second-best city for recreation, and it provides good access to quality health care.”
- Chip Lupo, WalletHub Analyst
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