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Would you choose to retire in Texas?
Few people would choose to retire to a city in the Lone Star State—though Texas cities didn’t rank high compared to those in other states, a recent study shows. WalletHub analyzed 182 U.S. cities across 45 key metrics related to retiree friendliness to find the cities where most Americans would like to retire.
Another WalletHub analysis ranked Texas 32nd among the best and worst states to retire to.
While the Employee Benefit Research Institute (EBRI) reports that about 68% of workers are somewhat confident that they’ll have enough money to retire comfortably, only around 21% are “very confident.” Three-quarters of current workers surveyed plan to retire at age 70 or older, if at all. In contrast, only 14% expect to do so before the age of 60. However, the experiences of those who have already retired suggest workers will retire earlier than planned.
Many current workers also say they expect to work for pay after retirement, but only 30% of current retirees have done so.
“It’s important to choose wisely when picking where to retire, as many retirees are on a fixed income,” WalletHub analyst Chip Lupo said. “As a result, the best cities for retired people are those that minimize taxes and expenses, as well as have good opportunities for retirees to continue paid work for extra income, if they choose to do so. In addition, the top cities provide high-quality health care and offer plenty of enjoyable activities for retirees.”
The Lone Star State is attractive to many retirees due to its low cost of living, tax-friendly policies, and range of outdoor activities. These were a few of the metrics included in WalletHub’s analysis, along with quality of healthcare.
So, how did Texas cities measure up against those in other states? Here’s what the data reveals.
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8 Texas cities rank in top 100 US cities to retire in
Although none were in the top 20, eight Texas cities did make the list of the 100 best U.S. cities to retire to. The full list of 182 cities features 16 in Texas.
Metrics measured in the analysis fell into four categories: affordability, activities, quality of life and healthcare. The total 182 cities included the 150 most populated cities in the U.S. as well as at least two of the most populated cities in each state.
Brownsville was found to be the most affordable of the cities in which to retire, though it ranked among the worst for activities. Four other Texas cities tied for 78th in affordability, and Laredo ranked last among all 182 cities for healthcare.
Overall RankCityAffordability RankActivities RankQuality of Life RankHealth Care Rank24Austin55287110752San Antonio263413516458Dallas75491249062Brownsville11788315872Fort Worth45785615182Plano9599318693Grand Prairie781414211795Houston3552168154101Garland7812851128114El Paso712576177117Irving7812910497126Arlington78130106110130Corpus Christi12112141174141Amarillo13171134173151Laredo417994182152Lubbock6144151175Table by Alexis Simmerman/American-Statesman | Data by WalletHubLIST: 10 best US cities to retire in
The following list shows the ten best cities to retire to, according to WalletHub’s analysis:
Orlando, FloridaMiami, FloridaMinneapolis, MinnesotaTampa, FloridaFort Lauderdale, FloridaScottsdale, ArizonaCincinnati, OhioSt. Petersburg, FloridaCasper, WyomingAtlanta, GeorgiaLIST: 10 worst US cities to retire to
Six California cities ranked among the ten worst in the U.S.:
172 – Fontana, California174- Wichita, Kansas175 – Bridgeport, Connecticut176 – Fresno, California177 – Detroit, Michigan178 – Newark, New Jersey179 – Bakersfield, California180 – Rancho Cucamonga, California181 – Stockton, California182 – San Bernardino, California
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Publish date : 2024-09-10 00:01:00
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