Retirement Havens for the Middle Class Revealed
A recent study uncovered the top destinations for middle-class Americans looking to retire in comfort. To qualify, cities had to meet specific criteria, including a population of at least 10,000 residents, with a significant proportion of seniors aged 65 and above. Researchers then evaluated each city based on various factors, including cost of living, household income, and access to Social Security benefits.
The results showed that Florida, Ohio, and Arizona emerged as top retirement spots for the middle class. Florida, in particular, stood out, with five cities making it to the top 10 list. According to experts, the Sunshine State’s affordability and quality of life make it an attractive option for retirees.
The Villages, a central Florida town, took the top spot, boasting an annual cost of living of $48,808 and a median household income of $73,415. This retirement haven also had the highest percentage of residents receiving Social Security benefits, with an average benefit of $30,704. Its high livability score of 70 out of 100 and rapid population growth make it an appealing choice for retirees.
Green Valley City, Arizona, came in second, with an impressive 85% of households receiving Social Security income. The average Social Security benefit in this town was $27,102, and the annual cost of living was $41,989. As an added incentive, Arizona does not tax Social Security benefits, making it an attractive option for retirees. The area’s numerous golf courses, retirement communities, and cultural attractions further enhance its appeal.
These retirement havens offer middle-class Americans a chance to live comfortably and enjoy their golden years. By considering factors such as affordability, quality of life, and access to benefits, retirees can make informed decisions about their future.
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