Best & Worst Places To Retire: Wallet Hub

PROVIDENCE, RI — With all the focus this weekend on workers, Patch decided to look at the fortunes of people who worked and have now retired. WalletHub, the personal finance website, compiled a list of best and worst places to retire. Providence made the 10 worst list. It came in ninth out of 10.

WalletHub’s analysts compared the 150 largest U.S. cities across 40 key measures of affordability, quality of life, health care and availability of recreational activities. The data set ranges from cost of living to retired taxpayer-friendliness to share of the 65 and older population.

Here's what they found.

• Best Cities to Retire

• 1 Orlando, FL
• 2 Tampa, FL
• 3 Miami, FL
• 4 Scottsdale, AZ
• 5 Atlanta, GA
• 6 Salt Lake City, UT
• 7 Honolulu, HI
• 8 Denver, CO
• 9 Austin, TX
• 10 Las Vegas, NV
• Worst Cities to Retire
• 1 Rancho Cucamonga, CA
• 2 Fontana, CA
• 3 Modesto, CA
• 4 Stockton, CA
• 5 Fresno, CA
• 6 Detroit, MI
• 7 Worcester, MA
• 8 San Bernardino, CA
• 9 Providence, RI
• 10 Newark, NJ

Best vs. Worst

• Scottsdale, Arizona, has the highest share of the population aged 65 and older, 21.9 percent, which is 3.5 times higher than in Fontana, California, the city with the lowest at 6.2 percent.
• Laredo, Texas, has the lowest adjusted cost-of-living index for retirees, 76.93, which is 2.6 times lower than in New York, the city with the highest at 196.26.
• Laredo, Texas, has the lowest annual cost of in-home services, $20,592, which is 3.3 times lower than in Fremont, Oakland, and San Francisco, California, the cities with the highest at $68,640.
• Plano, Texas, has the highest share of workers aged 65 and older, 23 percent, which is 2.6 times higher than in Detroit, the city with the lowest at 9 percent.
• Miami has the most home health care facilities (per 100,000 residents), 40, which is 20 times more than in Aurora, Illinois, the city with the fewest at two.
• Yonkers, New York, has the fewest property crimes (per 1,000 residents), 10, which is 9.3 times fewer than in Salt Lake City, the city with the most at 93.

To view the full report and your city’s rank, please visit:

https://wallethub.com/edu/best-places-to-retire/6165/

Image via Shutterstock