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October 2, 2014

7 Top Spots for Retirement

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7 Top Spots for Retirement

Where are the top towns to spend your golden years? Money Magazine recently released its 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 a few of 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
  • Pittsburgh
    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
  • St. Petersburg, Fla.
    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
  • Fort Lauderdale, Fla.
    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)

Read more:

Planning for Retirement
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