There are many factors to look at when choosing the perfect place to retire. Aside from the climate, some important factors include the cost and quality of health care, the state tax rates, crime rate and city walkability, according to a recent Bankrate article. These factors, among many others, were compared in nearly 200 U.S. cities to determine which ones were the best for retirement.
The top three cities on the list include (in descending order) West Des Moines, Iowa; Franklin, Tenn. and Arlington, Va., Bankrate found.
West Des Moines, Iowa came in third mainly due to its affordability and safety. The city scored the highest in Bankrate’s top 10 list for best health care and the cost of living is about 10% below the national average, the article stated. There were also no murders in the city in 2014, which makes residents feel especially safe.
In second place, Franklin, Tenn., is located about 20 miles southwest of Nashville and offers a multitude of history lessons at its many Civil War sites. Franklin is also known for its health care, which costs less than the national average, but doesn’t skimp on quality. Another perk is that Tennessee has no state income tax, which can help keep costs in retirement lower.
Coming in first place as the best city for retirement is Arlington, Va., due to its small town feel and walkability. There is no need to have a car in Arlington, the article points out. The residents in the city scored high for overall well-being, financial health and physical health. The city is also a short subway ride to the Washington, D.C. area.
See the full rankings at Bankrate.com.
Written by Alana Stramowski