Retirement is a subject not many think about in their younger years but they should, especially when it comes to the best place to retire. After working for decades upon decades having financial security is also important in retirement and some Florida cities help with that.
The Employee Benefit Research Institute’s 2017 Retirement Confidence Survey showed that nearly six in ten workers reported they were somewhat confident they will have adequate finances to retire with, but only 18 percent have a high level of confidence.
Unfortunately, nearly four in ten have little to no retirement savings, and some even worry they won’t be able to cover basic living expenses once leaving the working field.
With retirement confidence on the decline, WalletHub took an in-depth look at 2017’s Best and Worst Places to Retire and found that Orlando is the best place to retire. Coming in second is Tampa and Miami is third.
For this analysis, WalletHub compared 150 of the largest cities in the U.S. across 40 key measures of affordability, quality of life, health care and availability of recreational activities. The data collected ranged from the cost of living to retired taxpayer-friendliness to share of the 65 and older population.
Orlando ranked eighth in the ‘affordability’ ranking, 14th in ‘activities,’ 112th in ‘quality of life,’ and 13th in ‘health care.’ (1 = best).
Tampa ranked seventh in ‘affordability,’ tenth in ‘activities,’ 80th in ‘quality of life,’ and 59th in ‘health care.’
Miami ranked 36th in ‘affordability,’ fourth in ‘activities,’ 117th in ‘quality of life,’ and 29th in ‘health care.’
Looking at the break down of data collected even further, Florida had the most cities for most fishing facilities per capita. Miami, Tampa, St. Petersburg, Fort Lauderdale, and Cape Coral all tied for first in that category.
Cape Coral is also second for highest percentage of population aged 65 and older and Port St. Lucie is fifth.
Quite a few Florida cities made the list including Cape Coral, St. Petersburg, Fort Lauderdale, Port St. Lucie, and more.
