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 Rank
City
Affordability Rank
Activities Rank
Quality of Life Rank
Health Care Rank
24
Austin
55
28
71
107
52
San Antonio
26
34
135
164
58
Dallas
75
49
124
90
62
Brownsville
1
178
83
158
72
Fort Worth
45
78
56
151
82
Plano
95
99
31
86
93
Grand Prairie
78
141
42
117
95
Houston
35
52
168
154
101
Garland
78
128
51
128
114
El Paso
7
125
76
177
117
Irving
78
129
104
97
126
Arlington
78
130
106
110
130
Corpus Christi
12
112
141
174
141
Amarillo
13
171
134
173
151
Laredo
4
179
94
182
152
Lubbock
6
144
151
175
LIST: 10 best US cities to retire in
The following list shows the ten best cities to retire to, according to WalletHub’s analysis:
Orlando, Florida
Miami, Florida
Minneapolis, Minnesota
Tampa, Florida
Fort Lauderdale, Florida
Scottsdale, Arizona
Cincinnati, Ohio
St. Petersburg, Florida
Casper, Wyoming
Atlanta, Georgia
Source: WalletHub
LIST: 10 worst US cities to retire to
Six California cities ranked among the ten worst in the U.S.:
172 – Fontana, California
174- Wichita, Kansas
175 – Bridgeport, Connecticut
176 – Fresno, California
177 – Detroit, Michigan
178 – Newark, New Jersey
179 – Bakersfield, California
180 – Rancho Cucamonga, California
181 – Stockton, California
182 – San Bernardino, California
This article originally appeared on Austin American-Statesman: These are the best, worst Texas cities to retire to: See list
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Publish date : 2024-09-10 00:01:00
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