For many people, retirement is a goal they look forward to for years, but deciding where you want to settle down and spend your retirement can be a difficult decision due to a variety of factors. Some cities may be better suited than others for retirees looking for somewhere to relax without having to worry about working a full time job.
WalletHub looked at nearly 200 cities around the country, including the 150 most populated cities in the U.S., to determine which are the best and and which are the worst places to retire. As to be expected, Florida is a hub for retirees, with half of the cities in the Top 10 best places to retire located in the sunny state.
Among the list are five cities in Ohio. Coming in at No. 125 and near the bottom of the list is Toledo, making it one of the worst places to retire in the country. Cincinnati, however, found a spot near the top, ranking as one of the best at No. 7 overall. Here are where the Ohio cities fall on the list:
- No. 7: Cincinnati
- No. 27: Akron
- No. 49: Cleveland
- No. 68: Columbus
- No. 125: Toledo
These are the 10 best places to retire, according to WalletHub:
- Orlando, Florida
- Miami, Florida
- Minneapolis, Minnesota
- Tampa, Florida
- Fort Lauderdale, Florida
- Scottsdale, Arizona
- Cincinnati, Ohio
- St. Petersburg, Florida
- Casper, Wyoming
- Atlanta, Georgia
To determine the list, WalletHub compared 182 U.S. cities across four factors: affordability, activities, quality of life and health care. These factors were then evaluated using 45 relevant metrics, including adjusted cost of living, retired taxpayer-friendliness, annual cost of in-home services, recreation & senior centers per capita, availability of adult volunteer activities, public & municipal golf courses per capita, share of population age 65 & older, age-friendly community, mild weather, violent-crime rate, health care facilities per capita, home-care facilities per capita, life expectancy and more.
Check out the full report at WalletHub.com.