Forbes recently compiled a list of the top 25 cities in America for retirees based on various factors including housing costs, taxes, healthcare, air quality, crime, and natural hazard risk. One couple, Barry and Susan Mendelson, decided to relocate for retirement after living in Milwaukee for many years. They settled in Las Cruces, New Mexico, where they found a more affordable lifestyle and beautiful surroundings. The Mendelsons carefully considered their options before making the move and were able to find a new home that suited their needs while also allowing for financial flexibility.
Retirees across the country are increasingly looking to relocate to states with lower costs of living and better quality of life. Economic factors play a significant role in the decision to move, with housing costs, state taxes, and overall affordability being major considerations. Forbes’ list of the best places to retire in 2024 includes cities like Las Cruces, New Mexico, and Spokane, Washington, which offer affordable housing options and a high quality of life. These lesser-known cities provide retirees with a range of amenities and attractions without the high price tag.
Las Cruces, New Mexico, stands out on the list for its affordable housing market, with a median home price well below the national average. The city’s dry climate and diverse cultural offerings make it an attractive option for retirees looking for a change of scenery. Despite some drawbacks in terms of state taxes, Las Cruces offers a lower cost of living compared to other states, making it a viable option for many retirees. The Mendelsons, for example, found the city’s affordability to be a key factor in their decision to relocate.
Forbes’ methodology for selecting the top retirement destinations takes into account a variety of factors, including housing prices, taxes, job opportunities, and quality of life indicators. The list includes cities from 19 states across the country, as well as Puerto Rico, offering retirees a diverse range of options. College towns feature prominently on the list, providing retirees with access to cultural and educational amenities at an affordable cost. Factors such as climate, natural disaster risk, and crime rates are also taken into consideration to ensure a high quality of life for retirees.
The Mendelsons’ journey to find the perfect retirement destination showcases the importance of careful planning and consideration when making such a significant life change. By weighing the pros and cons of different cities and conducting thorough research, retirees can find a place that meets their needs and budget. With the help of real estate agents and online resources, like those recommended by Forbes, retirees can navigate the process of relocating and find a new home that suits their lifestyle. Ultimately, the decision to move for retirement is a personal one, but with the right information and resources, retirees can find a city that offers the best of both worlds in terms of affordability and quality of life.