As the baby boomer generation ages, thousands of people are hanging their suits up or punching the time clock one last time. In fact, 800,000 Americans over the age of 65 left the workforce in the last quarter of 2016. While some have speculated that this could be a serious problem since many people have not saved up enough for retirement, there are thousands of Americans who have saved and are looking to settle down in a new town.
Experts at FindTheHome, a real estate intelligence site by Graphiq, collected and analyzed data in order to determine the best cities to retire in America. To do this, FindTheHome developed a Retirement Score for cities across the country. To calculate the score, they took into account overall city population, median income, median age, Entertainment Score (average bowling alleys per capita, golf courses per capita, number of parks and temperature), whether it was a college town, violent crime rates, airports and hospitals in the county, as well as the percentage of people over the age of 65 with their Bachelor's degree.
Cities were assigned a score out of 100 based on their ranking for each category. More weight was given to low crime rates, education, entertainment and hospital access, while less weight was given to the population of the city, the median income, median age, college town and airport accessibility. Scores are weighted because some data points — like entertainment or whether or not the city is a college town — are less indicative of the retirement quality of the area. Cities are ranked by their Retirement Score from lowest to highest.
According to the data, Florida isn't as retirement friendly as people make it out to be. In fact, only two cities out of the 50 on this list are located in the sunshine state. California boasts the most retirement-friendly cities by far, but the data reflects that the most retirement-friendly community is already a well-known mecca for retirees looking for sunshine and relaxation.
Here are the top 25.