Wallethub Says These Are the Best U.S. Cities To Retire in 2024 – and One Is in Minnesota!
Discover the top three U.S. cities to retire in 2024, offering tax advantages, healthcare, and vibrant senior communities. One’s in Minnesota! 🌐 #News #MinneapolisMN #Minnesota #Retirement
MINNEAPOLIS, MN – Would you be surprised to learn that Wallethub considers Minneapolis one of the top three cities in the U.S. to retire in 2024? It’s true – and the reason may shock you. Jack made a special video for this article – scroll down to watch!
Retirement marks a new chapter in life, but for many, financial concerns can cloud those golden years. Recent studies show that only 21% of Americans feel very confident about having enough savings to retire comfortably, while a significant number expect to continue working past the traditional retirement age.
To assist retirees in finding affordable and fulfilling locations, WalletHub has ranked over 180 U.S. cities based on 45 factors like cost of living, recreational activities, healthcare quality, and tax policies.
Florida Dominates Retirement Rankings
As expected, Florida dominate retirement rankings. Orlando takes the top spot as the best place to retire, thanks to its appealing tax advantages and robust healthcare services.
Florida is known for being tax-friendly, with no state income tax, and Orlando in particular offers affordable homemaker services and adult day health care compared to many other cities.
Retirees can enjoy an active lifestyle, with a wealth of recreational options including art galleries, music venues, and fishing spots.
Close behind Orlando is Miami, another tax-friendly option with an abundance of activities geared toward retirees. It’s also the fifth-most walkable city in the country, making it easy for seniors to get around.
Additionally, access to public transportation is widespread, adding convenience for those looking to enjoy Miami’s year-round warm weather.
Minneapolis Offers Northern Charm for Retirees
Rounding out the top three is Minneapolis, which may surprise those expecting the best retirement destinations to be in the Sunbelt.
Minneapolis stands out for its elderly-friendly labor market, providing ample job opportunities for retirees who want to stay active or supplement their income.
A welcoming and caring community, Minneapolis ranks as one of the most supportive cities for seniors.
Its healthcare system is highly regarded, and the city boasts the sixth-best hospital system in the country. With a low suicide rate among those aged 65 and older, it also shines in promoting mental well-being for retirees.
Choosing the Right Retirement Destination
Retirement is more than just a financial decision—it’s about lifestyle, access to healthcare, and staying engaged in a community.
With top cities like Orlando, Miami, and Minneapolis offering a variety of benefits, retirees can choose a location that fits their specific needs, whether they’re seeking tax relief, recreational activities, or continued job opportunities.
Read the full Wallethub report here.
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