See ya, Sunbelt. The greatest place to retire is now Harrisburg, Pa.
That’s in response to the newest rating by U.S. News & World Report, which extolled seven Pennsylvania cities as high 10 retirement locations. Daytona Beach, Fla., was the one southern city to make the highest 10, coming in on the No. 8 spot.
Harrisburg noticed its rating transfer up one spot to take the No. 1 spot for the 2024 itemizing, a results of its scores for healthcare for older adults, tax charges for retirees and general happiness of its residents, U.S. News stated. The earlier No. 1 metropolis, Lancaster, Pa., dropped to the No. 3 spot.
“Harrisburg was No. 2 last year, so it’s been quite strong. It rose further due to its healthcare quality, happiness [and] favorable retiree taxes, and it has a nice community feel,” stated Beverly Harzog, consumer-finance analyst at U.S. News. “It’s great for being outdoors, running, biking, nearby hiking and camping. It’s a good location that’s not far from Philadelphia, Washington, D.C., and New York.”
Other Pennsylvania cities within the high 10 included Reading, Scranton, Allentown, York and Pittsburgh. New York City got here in at No. 6 and Youngstown, Ohio, was within the No. 9 spot. See the total rankings right here.
U.S. News stated its new checklist evaluated the nation’s 150 most populous metropolitan areas primarily based on how nicely they met expectations for retirement, with measures together with affordability, healthcare, desirability, retiree taxes, job market and general happiness. Affordability was essentially the most closely weighted of the six elements.
“Over the last year, Americans have observed record-high interest rates in the housing market, steadily increasing cost of goods and extreme weather patterns,” Harzog stated. “As retirees consider where to spend their golden years, they want areas that not only give them the best bang for their buck, but places where they can live a happy, healthy life.”
New York City, regardless of its excessive housing prices, jumped to the No. 6 spot, largely as a consequence of its “world-class healthcare,” Harzog stated.
“If you have the financial resources to live in New York City, it offers great healthcare, job and volunteer opportunities, restaurants, Broadway, museums. You’d never run out of things to do there — if you can make the numbers work for you, that is,” Harzog stated.
For the 2024 rankings, U.S. News adjusted its methodology for the desirability index to incorporate climate — such because the variety of days yearly with average temperatures and minimal precipitation. It additionally contains an establishment-to-population ratio, which assesses the variety of eating places, bars and actions per 1,000 residents.
The addition of climate to the methodology kicked Florida out of a lot of the highest 10 as a result of state’s excessive climate and excessive temperatures, Harzog stated. Rising housing prices in Florida additionally weakened its desirability.
Florida nonetheless had six cities among the many high 25.
Newcomers within the high 25 included Winston-Salem, N.C.; Trenton, N.J.; and Rochester, N.Y.
The affordability index, which beforehand targeted solely on the price of housing, this 12 months factored within the basic value of products inside an space.
For the rankings, information sources embrace the U.S. Census Bureau, the Federal Emergency Management Agency’s National Risk Index, the Federal Bureau of Investigation, the Bureau of Labor Statistics, well being and wellness firm Sharecare and U.S. News’ Best Hospitals rankings.
MarketWatch has its personal instrument to assist folks resolve the place to retirement that permits readers slim down decisions by sifting by information starting from housing and climate to taxes, healthcare, theater, mountaineering and craft breweries.
Source web site: www.marketwatch.com
