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Report identifies the best U.S. cities to retire

Nature

Pennsylvania remained in the lead for retirees as a new city in the Keystone State officially won the title of best place in the United States to retire, a newly released news release says.

Harrisburg came in first place for retirement locations, with 149 other cities ranking below. Pennsylvania’s capital received the top spot Tuesday in U.S. News & World Report’s “2024 Best Places to Retire” report.

Good health care outcomes for seniors, retiree tax rates and general happiness contributed to his appearance there, according to the outlet. It was second last year.

Other cities located in Pennsylvania filled the other four spots in the top five:

  • Reading, Pennsylvania
  • Lancaster, Pennsylvania
  • Scranton, Pennsylvania
  • Allentown, Pennsylvania

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Lancaster, located in the south-central part of the state, took the top spot on last year’s list.

Compared to last year, a few of the six total categories used by U.S. News & World Report to establish the order of the annual rankings received some changes.

The company said it began looking at climate temperature and the number of restaurants, bars and activities per 1,000 residents, as part of the appeal of a given location. Happiness and affordability scores also saw respective expansions, with the latter incorporating price parity for general goods, depending on the outlet.

The metropolitan area that US News & World Report determined to be the sixth best for 2024 ended up being New York City. He reached this spot after reaching 14th place on the 2023 list.

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In seventh place, there was another Pennsylvania location: York, according to the media.

Here are the cities nicknamed #8 and #9 in terms of retirement:

  • Daytona Beach, Florida
  • Youngstown, Ohio

Pittsburgh moved up 10 spots from 20th last year, becoming 10th.

“As retirees wonder where to spend their golden years, they want places that not only give them the best value, but also places where they can live happy, healthy lives,” said Beverly Herzog , personal finance expert at US News. “That’s why Pennsylvania dominated the top positions in the Best Places to Retire rankings, taking seven of the top 10 spots on the list.”

Pennsylvania began having the most cities in the top 10 last year, when it surpassed Florida in this area, as previously reported by FOX Business. In this year’s rankings, Florida saw a total of six of its cities rank above 25th, according to U.S. News & World Report.

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Herzog also noted in a statement that Americans have faced “record low interest rates in the housing market, ever-increasing cost of goods, and extreme weather conditions impacting our nation’s living standards.” » in the last 12 months.

The Federal Reserve said retirees “represent a significant portion of the adult population,” pegging that share at 27% last year. This figure included retirees who were “still working to some extent”, according to the central bank.

Nature

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