Orlando Leads "Best Cities To Retire" Study From WalletHub

With retirement confidence declining in 2017 and nearly four in 10 American workers having little or no money saved for their golden years, the personal-finance website WalletHub conducted an in-depth analysis of 2017’s Best & Worst Places to Retire.

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Orlando, is a warm city with a lot to offer. From dining in themed restaurants to exploring nature in all its glory, the Orlando area has something for everyone, retirees included. Central Florida has numerous retirement communities, and of course, theme parks galore to keep the family begging for a visit.

Pro's Of Retiring In Orlando...

Pro #1: The City Disney Built
Walt started something magical with Disney, and Orlando became home to Disney World in 1971. As a senior with grandchildren, this is a mega-perk. Sure, your grandkids don’t need more reason to visit you, but a trip to Disney World would make you the coolest grandparent on the planet. Bonus points if you retire in Orlando or elsewhere in the state: Disney World offers discounts for Florida residents.

Pro #2: Winter Is Not Coming
Hang up your shovel for good if you choose Orlando as your retirement destination. The chances of seeing snow here are minimal. In fact, the average temperature in Orlando is a balmy 73.35 degrees Fahrenheit. You’ll rarely see winter lows below 50 degrees. Do you favor sandals over boots? If so, retiring in Orlando may be the right choice for you.

Pro #3: Feeling Outdoorsy?
Orlando isn’t just about Mickey Mouse and his crew. It is home to many natural attractions fit for a person who loves the outdoors. For hiking folk, there is a plethora of lakes and rivers to explore. Take an urban stroll around Lake Eola Park or hike the trails at Tibet-Butler Preserve. More into golf? The Orlando metro area has more than 170 golf courses.

Pro #4: Retirement Communities Galore
Since the cost of living is reasonable, and great attractions abound, Orlando has become a popular retirement location. Not surprisingly then, there are numerous senior housing communities in Orlando and the surrounding cities. The full range of senior living options exists here: apartments, houses, independent living, assisted living, continuing care and memory care.

To help Americans plan for a comfortable retirement without breaking the bank, WalletHub’s analysts compared the 150 largest U.S. cities across 40 key measures of affordability, quality of life, health care and availability of recreational activities. The data set ranges from cost of living to retired taxpayer-friendliness to share of the 65 and older population.

Methodology

To help Americans find the best cities to spend their golden years, WalletHub’s analysts compared the retirement-friendliness of the 150 most populated U.S. cities across four key dimensions: 1) Affordability, 2) Activities, 3) Quality of Life and 4) Health Care.

Best vs. Worst

  • Scottsdale, Arizona, has the highest share of the population aged 65 and older, 21.9 percent, which is 3.5 times higher than in Fontana, California, the city with the lowest at 6.2 percent.
  • Laredo, Texas, has the lowest adjusted cost-of-living index for retirees, 76.93, which is 2.6 times lower than in New York, the city with the highest at 196.26.
  • Laredo, Texas, has the lowest annual cost of in-home services, $20,592, which is 3.3 times lower than in Fremont, Oakland, and San Francisco, California, the cities with the highest at $68,640.
  • Plano, Texas, has the highest share of workers aged 65 and older, 23 percent, which is 2.6 times higher than in Detroit, the city with the lowest at 9 percent.
  • Miami has the most home health care facilities (per 100,000 residents), 40, which is 20 times more than in Aurora, Illinois, the city with the fewest at two.
  • Yonkers, New York, has the fewest property crimes (per 1,000 residents), 10, which is 9.3 times fewer than in Salt Lake City, the city with the most at 93.

To view the full report and your city’s rank, please click here.  

Source: WalletHub