WalletHub has named Orlando, Florida as the best city to retire in 2024 due to its retirement friendliness and accessibility to iconic amusement parks such as Walt Disney World and Universal Studios. The rankings were based on factors such as affordability, activities, quality of life, and healthcare. Orlando offers a wide array of activities for retirees, including art galleries, fishing facilities, and music venues. The city also provides programs for residents age 55 and up through its “Senior Connections” section on the website, featuring game nights, trips, and dance classes.
The Sunshine State of Florida is a popular choice for retirees as it does not levy state income tax, making retirement income and Social Security benefits tax-free at the state level. Orlando’s affordability ranked 9th on WalletHub’s list, with a cost of living only about 1% higher than the state average and on par with the national average. Miami, another Florida city, ranked as the second-best place to retire, but scored lower for affordability with a cost of living nearly 20% higher than the national average.
When choosing a retirement destination, it’s important to consider factors beyond affordability, such as proximity to family and activities you enjoy. Jonathon Ferguson, a financial capability specialist at the University of Wisconsin-Madison, advises retirees to think about how they want to spend their time in retirement, who they will spend time with, what activities they will participate in, and where they will spend time. Understanding these preferences can help retirees choose a location that aligns with their retirement goals and lifestyle.
Other top U.S. cities to retire, according to WalletHub, include Miami, Minneapolis, Tampa, Fort Lauderdale, Scottsdale, Cincinnati, St. Petersburg, Casper, and Atlanta. Factors such as availability of music venues, bingo halls, museums, adult volunteer activities, walkability, weather, and access to healthcare facilities were considered in the rankings. Retirees can use these rankings as a guide to help them find a location that offers the amenities and lifestyle they desire for their retirement years.
Orlando’s ranking as the best city to retire in 2024 highlights the city’s appeal to retirees seeking a vibrant community with a variety of activities and amenities. Residents can enjoy a range of cultural attractions, outdoor recreational opportunities, and social activities tailored to their interests and preferences. The city’s affordability, combined with its proximity to major attractions and healthcare facilities, makes it an attractive option for retirees looking to make the most of their retirement years in a welcoming and vibrant community.
In conclusion, Orlando, Florida, has been named the best city to retire in 2024, offering retirees access to iconic amusement parks, a wide array of activities, and a retirement-friendly environment. Factors such as affordability, proximity to family, and lifestyle preferences should be considered when choosing a retirement destination. The top U.S. cities to retire provide a range of amenities and opportunities for retirees to enjoy their post-work years in a fulfilling and enriching environment. By understanding their preferences and priorities, retirees can find a location that suits their needs and interests for a rewarding retirement experience.
