Arizona dominates the list of the safest and wealthiest retirement towns in the US, claiming the top spot and six other positions within the top 30. California also boasts a strong presence with 12 cities making the cut. Notably absent from the ranking are any locations in Florida, a state often associated with retirement. This analysis delves into the key findings and profiles the top 30 cities, providing valuable insights for those planning their retirement.
Table Content:
Key Factors Determining Retirement Town Rankings
The rankings were determined by analyzing a comprehensive set of data points, including:
- Safety: Violent and property crime rates per 1,000 residents, sourced from the FBI’s Crime Data Explorer.
- Wealth: Average retirement income for residents aged 65 and older and median household income, derived from the U.S. Census American Community Survey.
- Housing Affordability: Average single-family home values from the Zillow Home Value Index and housing costs relative to income.
- Cost of Living: Grocery, healthcare, housing, utilities, transportation, and miscellaneous expenses, compiled using Sperling’s BestPlaces and the Bureau of Labor Statistics Consumer Expenditure Survey.
- Livability: An overall livability score from AreaVibes, encompassing factors like amenities, environment, and community.
Only cities with a population of at least 25% aged 65 or older were considered for this ranking.
Arizona and California Lead the Way
Oro Valley, Arizona, secured the top position as the safest and wealthiest retirement town in the US. Arizona’s strong showing highlights its appeal to retirees seeking a combination of security, financial stability, and a desirable lifestyle. California’s significant presence on the list underscores the diversity of retirement options within the state, catering to various preferences and budgets.
Notable Cities in the Top 30
The top 30 cities offer a diverse range of options for retirees:
- Oro Valley, Arizona: Boasting low crime rates, a high average retirement income, and a strong livability score.
- Pinehurst, North Carolina: Known for its exceptional safety and a comfortable retirement income.
- Bella Vista, Arkansas: Offering a more affordable cost of living while maintaining a reasonable safety profile.
- Rancho Palos Verdes, California: Featuring a high average retirement income but also a higher cost of living.
- Georgetown, Texas: Balancing safety, affordability, and a high livability score.
Conclusion: Finding the Right Retirement Destination
This analysis provides a starting point for individuals seeking a safe and financially secure retirement. The rankings highlight the importance of considering various factors, including safety, cost of living, and overall quality of life, when choosing a retirement destination. Prospective retirees should conduct further research based on their individual needs and preferences to determine the best fit.
Methodology: See original article for detailed methodology. The original article can be found here.
