Looking for the best place to spend your retirement years? Check out Money Magazine's list of best cities for retirement, taking into account such factors as housing costs, the percentage of the population over the age of 50, cost of living, taxes, lifestyle, and health care.
Here are the cities that topped its list for retirement:
• Raleigh, N.C.
Housing costs: $200,000 to buy a home/$1,000 a month to rent
Population: 25% over the age of 50
Housing costs: $200,000 to buy a home/$1,000 a month to rent
Population: 25% over the age of 50
• Pittsburgh
Housing costs: $149,450 to buy/$1,100 a month to rent
Population: 33% over 50
Housing costs: $149,450 to buy/$1,100 a month to rent
Population: 33% over 50
• Lexington, Ky.
Housing costs: $162,400 to buy/$900 a month to rent
Population: 29% over 50
Housing costs: $162,400 to buy/$900 a month to rent
Population: 29% over 50
• St. Petersburg, Fla.
Housing costs: $108,000 to buy/$1,000 a month to rent
Population: 39% over 50
Housing costs: $108,000 to buy/$1,000 a month to rent
Population: 39% over 50
• Boise, Idaho
Housing costs: $137,020 to buy/$900 a month to rent
Population: 32% over 50
Housing costs: $137,020 to buy/$900 a month to rent
Population: 32% over 50
• Fort Lauderdale, Fla.
Housing costs: $216,000 to buy/no data for rent
Population: 39% over 50
Housing costs: $216,000 to buy/no data for rent
Population: 39% over 50
• Salt Lake City
Housing costs: $137,446 to buy a home/no data for rent
Population: 25% over 50
Source: 10 Best Places to Retire - Money Magazine (Oct. 28, 2013)
Housing costs: $137,446 to buy a home/no data for rent
Population: 25% over 50
Source: 10 Best Places to Retire - Money Magazine (Oct. 28, 2013)
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