Retirement can be expensive, so choosing the right place to live is very important. To help middle-class retirees, GOBankingRates created a list of the best U.S. cities to retire, based on cost of living, income, and home prices. Only cities with home values under $500,000 and populations above 15,000 were included.
After studying data from the Federal Reserve, Zillow, and other sources, the top pick was Albert Lea, Minnesota. The city has a low yearly cost of living of about $29,333 and a strong senior community — 27% of households receive retirement income.
Albert Lea is a peaceful lakeside town, about 90 miles from Minneapolis and Saint Paul. It sits between three lakes—Fountain Lake, Albert Lea Lake, and Pickerel Lake — offering fishing, boating, birdwatching, and nature trails. The nearby Myre-Big Island State Park is perfect for camping and outdoor walks. The area is also great for spotting birds like bald eagles.
Even though only one Minnesota city made the list, the state has many fun things for retirees, such as winter festivals, beautiful fall road trips, and star-filled nights at Voyageurs National Park.
Florida, however, dominated the top 50 with 26 cities, thanks to warm weather, senior-friendly communities, and good healthcare. Florida’s highest-ranked city was Sun City Center, at No. 4, with a cost of living of $41,682.
For more details, visit gobankingrates.com.
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