Best cities for an early retirement 2022

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omni550

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"Fewer Americans plan to work past the age of 62. In a March 2022 survey conducted by the Federal Reserve Bank of New York, 49.2% of Americans plan to work past the age of 62, a figure that is 6.2% lower than two years prior. However, it can be difficult to make early retirement a reality. Stretching retirement savings long enough to live comfortably is challenging, but some cities are better than others for bringing early retirement plans to fruition.

In this study, we determined the best places for an early retirement, comparing the 100 largest cities across four categories. They include tax friendliness, elderly care, affordability and livability."

https://smartasset.com/data-studies...440&utm_medium=email&utm_placement=newsletter


omni
 
A bit shocked that anywhere in Alaska would fit in....affordability has to be a much larger issue there along with the cost of flights if you need medical treatment from specialists in the lower 48.
 
Don’t worry. If your city isn’t ranked highly here, it will be the best place in the nation on some other Best Places to Retire list. You just need to find the right website.
 
Memphis has a livability score of 0.00? (One of the survey's criteria for livability is "concentration of dining and entertainment establishments.")
 
I laugh at these "best cities" articles.


I never want to live in a city! Visit, sure. But not live.
 
LOL. I don't think I could afford to move to any of these places.
 
I wonder why all five places on the top of the list get incredibly hot in summer, such that you can barely walk 100 feet without a trauma on afternoon? I know what I'm talking about as I used to live in Phoenix. May be because the author likes warm weather? :dance:
 
Alex The Great said:
I wonder why all five places on the top of the list get incredibly hot in summer, such that you can barely walk 100 feet without a trauma on afternoon? I know what I'm talking about as I used to live in Phoenix. May be because the author likes warm weather? :dance:
Click to expand...


Yeah. I hope everybody moves to those places and keeps areas where I live nice and quiet.:LOL:
My brother is having a house built in Phoenix right now (actually Buckeye) and I said "are you crazy" it gets to like 120 degrees there. He is coming from San Jose which is much nicer weather but very crowded as well.

I guess it doesn't hurt that he got ridiculous money for his house and can buy a lot more house in Phoenix for less than half the proceeds from his sale.
Still, not my cup of tea. Hate the heat.
 
Chicago has a 'Tax Friendly' score of 0.0.

Yeah, that seems about right. :LOL:
 
5. Plano, TX

Across the cities we considered, the most affordable Texas city for an early retirement is Plano. This city places in the top 30 across all four categories in this analysis: 16th-best in the tax friendliness category, 27th-best for both affordability and livability and 30th-best for elderly care. Plano also has the best effective income tax for retirees (16.24%) and there is state capital gains tax in Texas.
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There is NO capital gains tax in Texas.
 
finnski1 said:
Yeah. I hope everybody moves to those places and keeps areas where I live nice and quiet.:LOL:
My brother is having a house built in Phoenix right now (actually Buckeye) and I said "are you crazy" it gets to like 120 degrees there. He is coming from San Jose which is much nicer weather but very crowded as well.

I guess it doesn't hurt that he got ridiculous money for his house and can buy a lot more house in Phoenix for less than half the proceeds from his sale.
Still, not my cup of tea. Hate the heat.
Click to expand...

Yes its sticking hot here in Phoenix during the summer...but its pretty darn nice the rest of the year. Only two seasons here nice and HOT. The sun is very intense year round. We are looking at eventually relocating but where to is the big question..:popcorn:
 
2HOTinPHX said:
Yes its sticking hot here in Phoenix during the summer...but its pretty darn nice the rest of the year. Only two seasons here nice and HOT. The sun is very intense year round. We are looking at eventually relocating but where to is the big question..:popcorn:
Click to expand...

Phoenix born, early 60's. Lived there with a few interruptions until the mid-90's. There are a few reasons I won't move back, but weather isn't one of them.

Could mow my lawn up to 105, and frequently took motorcycle trips in the dead of summer. Just have to leave early, and suffer a bit to get home when leaving the mountains.

I adapted very well to FL. I never minded having my clothes soaked in sweat, and found being outside in 90 degrees/90% humidity didn't slow me down like a dry >105.

If you're a Westerner, there are many parts of FL you'll find hospitable if you can tolerate the climate.
 
The best city for an early retirement is the one that fits your requirements. These articles are garbage. I chuckled when I looked at the livability index which included weather extremes, dining and entertainment and property and violent crimes. They can skew the results to however they want them to come out based on how they use their metrics.
 
Out-to-Lunch said:
Memphis has a livability score of 0.00? (One of the survey's criteria for livability is "concentration of dining and entertainment establishments.")
Click to expand...
I lived in Memphis for a few months in the 70s. We were poor and lived with the poor, zero is more than I recall.
 
I live in Memphis, great place with plenty to do and very affordable. Good people, grit and grind for sure...great bbq, music, near delta and ozarks (and middle tennessee). Lots to like
 
Reno has become very expensive and the last article I read said housing was more expensive than Sacramento. I love it here but luckily I own. I couldn’t afford to rent here.
 
Boston area suburbs are fine for retirement. Only 5% MA state income tax no matter how high your AGI is...
 
Grew up in Memphis and I would agree with the area. I'd pick just about any other place.

Now living in Dallas... 81. Weird how they can rank Plano so high & it's literally 10 miles from me...
 
Whenever one of these "best cities" threads comes up, I reference the following:

https://www.amazon.com/Places-Rated-Almanac-Classic-Finding/dp/0979319900

This collection of data gives ratings on categories which may be more or less important to one person or another. So you can compile your own "best place" rather than let some yo-yo hype a given city. Obviously, YMMV.
 
Koolau said:
Whenever one of these "best cities" threads comes up, I reference the following:

https://www.amazon.com/Places-Rated-Almanac-Classic-Finding/dp/0979319900

This collection of data gives ratings on categories which may be more or less important to one person or another. So you can compile your own "best place" rather than let some yo-yo hype a given city. Obviously, YMMV.
Click to expand...

I also use city-data.com which allows you to really deep dive into so many data points. Stats on crime to how many Baskin-Robbins they may have...
 
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