With the majority of Baby Boomers retiring or getting ready to retire soon, they might be looking for their "forever home" right now. What cities allow them to stretch their dollar the furthest? Where can they live affordably and receive excellent medical care? Which cities are considered the most desirable? US News and World Report released their 2018 "Best Places to Retire in the USA" list. San Antonio ranked #3, the highest Texas city on the list.
How Best Places to Retire Rankings Were Determined
US News looked at the country's 100 large metropolitan areas and ranked them based on six categories: happiness, housing affordability, healthcare quality, retiree taxes, the local job market, and desirability. As a retiree, why does the job market matter? After reaching retirement age, many Americans choose to scale back on their working hours instead of fully retiring. So, a healthy job market means more opportunities available for the semi-retired crowd.
The heaviest weight fell on "happiness" (23.8%). Why? If you're not happy with where you live, your health will be affected. They used statistics found in Gallup-Healthways' 2016 Community Well-Being Rankings to determine a city's happiness quotient. Housing affordability and quality of healthcare determined 20.9% and 19.8% of a city's score, respectively. Taxes made up 15.2%, the job market comprised 10.4%, and desirability rounded things out at 10%. You can read about the specifics of each category, including what statistics were used for each, by visiting the US News' methodology page here.
What Makes San Antonio Special?
San Antonio made the top 3 of US News' Best Places to Retire in the USA for many reasons. Housing costs came in 10.8% lower than the national average. Warmer weather makes it highly desirable to those not wanting to shovel their driveways in the dead of winter. At 3.6%, unemployment fell lower than the national average as well. You can live an extremely active lifestyle or a more low-key one if you so desire. The choice is yours. And the beautiful luxury, upscale Stone Oak community offers both types of lifestyles in one desirable location.
Top 10 Best Places to Retire in the USA
- Sarasota, FL
- Lancaster, PA
- San Antonio, TX
- Grand Rapids, MI
- El Paso, TX
- McAllen, TX
- Daytona Beach, FL
- Pittsburgh, PA
- Austin, TX
- Washington, DC
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