New Study Reveals 5 Best Cities in the U.S. to Retire

November 20, 2017Nov 20, 2017

As retirement nears, many inevitable questions accompany it. As with the change of any life season, people begin wondering where they will live and how they will spend their time.

On Monday morning, CNBC released the results of a study revealing the five "best U.S. cities to retire." The results were a combination of the cities chosen by WalletHub, Livability, Bankrate, the Milken Institute, and U.S. News. 

CNBC took the top-rated cities on each of those lists and determined which appeared most often and which climates were the most preferred. According to the site, seniors today are less focused on weather and more interested in what activities can be done in specific areas. 

Below is the list of the top-five "best U.S. cities to retire":

1. Austin, Texas

Austin appeared on four of the lists due to its low taxes, low-cost of living, and vibrant restaurant scene. Additionally, many people praised the "nearly perfect" climate. 

2. Salt Lake City, Utah

This city appeared on four of the original lists as well. Many people advocated for SLC because of its abundance of outdoor activities, having a major airport, affordable housing, and for having three highly rated hospitals. 

3. Pittsburgh, Pennsylvania

Pittsburgh was placed on the list for its low cost of living. It also has strong ratings because of its impressive health care options at the University of Pittsburgh. However, it scored poorly in the weather category.

4. San Francisco, California

While it is obvious that San Fransisco is one of the most expensive places to live in the U.S., the buzzing city made three of the lists. Some seniors said that they were willing to pay a significant amount more because of the many activities that the city offers. 

5. San Antonio, Texas

This city was listed as one of the most affordable retirement destinations. Reportedly, the taxes are below average and there is a median rent of $1,450 per month. 

According to CNBC, the other lists included 16 cities in Florida as well, making the state the most common. However, there was disagreement on which one would be considered the best. 

Overall, Florida and Texas have two themes that are important to seniors including no state income tax and a warmer climate. 

What do you think about this list? Do you agree or do you prefer another city? Let us know on Facebook. In other breaking news, a famous "Touched By An Angel" star just passed away.

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