Current:Home > FinanceTop 10 places to retire include cities in Florida, Minnesota, Ohio. See the 2024 rankings-LoTradeCoin
Top 10 places to retire include cities in Florida, Minnesota, Ohio. See the 2024 rankings
View Date:2024-12-24 00:34:09
Florida, Minnesota and Ohio took top spots for 2024 best places to retire, according to rankings announced Tuesday by WalletHub.
The list, which graded 182 cities across the United States, named Orlando as the No. 1 place to live during your golden years. Three other Florida cities: Fort Lauderdale, Tampa and Miami, also made the top 10.
Ranking methodology by the personal finance company compared cities retiree-friendliness and also took the following factors into account:
- Cost of living
- Tax laws
- Quality of life
- Activities available
- Heath care quality
According to WalletHub analyst Chip Lupo, 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," Lupo said. "The top cities provide high-quality health care and offer plenty of enjoyable activities for retirees.”
Social Security benefits in 2025:What retirees could see based on inflation and what to know
What are the best places to retire in 2024?
Here are the top 3 best places to retire:
No. 1: Orlando
Warm winters. Coasts lined with beaches. Plenty of airports.
Orlando ranks No. 1 on the list of more than 180 cities living up to its reputation "as a haven for seniors."
There's no income tax, no estate or inheritance taxes and, according to the rankings, it's the 20th cheapest for adult day health care. It also has the 11th best hospitals for geriatrics and ranks No. 1 when comes to home health care facilities per capital.
When it comes to recreation, it's the second best city for fishing facilities, art galleries and adult volunteer activities.
Retirement:Some working Americans say they fear it more than death
No. 2: Miami
The Magic City falls right behind Orlando as the nation's second-best place for retirees to live.
Reasons, WalletHub reported, include:
- It has the 11th most recreation and senior centers;
- It has the fifth most museums;
- It's the fifth most walkable city, and most residents have access to public transportation not far from home.
- It has no income tax, estate or inheritance taxes, and it ranks among the cheapest cities for taxes in general.
No. 3: Minneapolis
Minneapolis places third in the rankings with one of the most "elderly-friendly labor markets in the country," according to WalletHub, which means it has a large percentage of easy-to-perform jobs for seniors who continue to work for extra income or to keep busy.
The city also has the sixth best hospital system, a high number of nursing homes and gerontologists, and ranks as the 29th most caring city.
More of the best places to retire
- No. 4: Tampa, Florida
- No. 5: Fort Lauderdale, Florida
- No. 6: Scottsdale, Arizona
- No. 7: Cincinnati, Ohio
- No. 8: St. Petersburg, Florida
- No. 9: Casper, Wyoming
- No 10: Atlanta, Georgia
Cities lower on the list of best places to retire
The last three places on the list of 182 are:
- No. 180: San Bernardino, California
- No. 181: Stockton, California
- No. 182: Rancho Cucamonga, California
Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at [email protected] and follow her on X @nataliealund.
veryGood! (3)
Related
- John Krasinski named People magazine’s 2024 Sexiest Man Alive
- How Erin Andrews' Cancer and Fertility Journey Changed Her Relationship With Husband Jarret Stoll
- Florida man admits to shooting at Walmart delivery drone, damaging payload
- Lawsuit says Pennsylvania county deliberately hid decisions to invalidate some mail-in ballots
- Up to 20 human skulls found in man's discarded bags, home in New Mexico
- Which states could have abortion on the ballot in 2024?
- Willie Nelson expected back on road for Outlaw Music Festival concert tour
- 'Potentially catastrophic' Hurricane Beryl makes landfall as Cat 4: Live updates
- Lady Gaga Joins Wednesday Season 2 With Jenna Ortega, So Prepare to Have a Monster Ball
- What to know about the plea deal offered Boeing in connection with 2 plane crashes
Ranking
- ‘Emilia Pérez’ wouldn’t work without Karla Sofía Gascón. Now, she could make trans history
- Trump seeks to set aside New York verdict hours after Supreme Court ruling
- Small plane with 5 on board crashes in upstate New York. No word on fate of passengers
- New clerk sworn in to head troubled county courthouse recordkeeping office in Harrisburg
- Republican David Schweikert wins reelection in affluent Arizona congressional district
- U.S. Olympics gymnastics team set as Simone Biles secures third trip
- Two Georgia firefighters who disappeared were found dead in Tennessee; autopsy underway
- Napa Valley Wine Train uses new technology to revitalize a classic ride
Recommendation
-
Black women notch historic Senate wins in an election year defined by potential firsts
-
Appeals court allows part of Biden student loan repayment plan to go forward
-
Scuba diver dies during salvage operation on Crane Lake in northern Minnesota
-
Meet the U.S. Olympic women's gymnastics team, headlined by Simone Biles, Suni Lee
-
Eva Longoria calls US 'dystopian' under Trump, has moved with husband and son
-
White Nebraska man shoots and wounds 7 Guatemalan immigrant neighbors
-
Nelly Korda withdraws from London tournament after being bitten by a dog
-
Campaign to get new political mapmaking system on Ohio’s ballot submits more than 700,000 signatures