Top 10 best places to retire in the U.S. in 2020. Housing affordability, desirability, health care and overall happiness were factored into rankings to find the best places for retirees to spend their retirement.
Top 10 Best Places to Retire in the U.S. in 2020
Retirement is a milestone that can bring, freedom, purpose, enjoyment ― and inspire a bit of wanderlust. It turns out over 500,000 adults 65 and older have moved to a new state every year since 2015, according to data from the U.S. Census Bureau, but where do they want to go?
A ranking of the best places to retire in the U.S. in 2020 that was recently unveiled by the U.S. News and World Report, the global authority in ranking and consumer advice, might give them some ideas. The comprehensive analysis ranks the country’s 125 largest metropolitan areas based on how well they meet Americans’ expectations for retirement, with measures including housing affordability, desirability, health care and overall happiness.
“Deciding where to retire is an important part of your life plan,” says Emily Brandon, senior editor for Retirement at U.S. News. “When considering potential retirement spots, you should look for an affordable cost of living, proximity to health care services and a strong economy, especially if you plan to work part-time. The Best Places to Retire includes information about housing affordability, access to quality hospitals and job market strength that can help you find a retirement spot that will meet your needs.”
Here are the top 10 best places to retire in the U.S. in 2020 with their overall scores and scores for housing affordability and healthcare on a scale of 1 to 10 with 10 being highest:
If you want to know more about the 10 best places to retire in 2020, the full report has in-depth information on the cost-of-living, weather conditions, commutes, and community demographics for all 125 metropolitan areas they evaluated here.
Where Is the Best Place for YOU to Retire?
The analysis by U.S. News and World Report is interesting and can certainly help soon-to-be retirees narrow down their options, but only if they want to spend retirement in a metropolitan area in the U.S. If they’re thinking about moving into a more rural area, focusing specifically on reducing their cost-of-living, or considering retiring abroad (which appears to be a growing trend) it isn’t as helpful.
The ‘where’ of retirement is thrilling, but don’t forget to take into account other important factors like your budget, your proximity to family and to healthcare services, the types of activities and hobbies you want to take up in retirement and the type of climate that suits you best when planning where you want to live in retirement