Florida cities made it to the top 10 best places to retire in the USA

Florida cities made it to the top 10 best places to retire in the USA

The rating of best places to retire in the USA compiled by U.S. News & World Report includes four cities in Florida (Pensacola, Tampa, Naples, and Daytona Beach), five in Pennsylvania (Lancaster, Harrisburg, York, Reading, and Allentown), and one in Michigan (Ann Arbor).

Pensacola notably rose by seven points, up to the third place, and Tampa, by two points, reaching the second place.

The publication reports that to compile the ranking, 150 most populous US metropolitan areas were assessed by such indicators as housing affordability, healthcare quality, desirability, and residents’ happiness level.

Florida generally remains a very desirable destination for the elderly but the focus on housing affordability, taxes on retirees, and the happiness level has drastically changed the positions of some cities.

Over the past year, the rates of fixed-rate mortgages increased by more than two times, so it makes sense that lower housing affordability will change the balance in the ranking of the best places to retire, says Patrick Duffy, Real Estate Economist. Indices of happiness and healthcare quality are important but they become less significant compared to the value of residential properties.

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