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US Information & World Report Unveils the 2022-2023 Greatest Locations to Retire Rankings

Lancaster, PA rises to No. 1 this yr amid considerations about housing affordability.

WASHINGTON, Nov 1, 2022 /PRNewswire/ — US Information & World Report, the worldwide authority in rankings and shopper recommendation, as we speak unveiled the 2022-2023 Greatest Locations to Retire in the USA. This yr’s listing evaluated the nation’s 150 most populous metropolitan areas primarily based on how properly they meet People’ expectations for retirement, with measures together with housing affordability, well being care, desirability and general happiness – leading to 4 new areas within the prime 5.

pennsylvania earned three of the highest 5 spots on this yr’s listing, surpassing Florida in general prime 10 appearances. Lancaster, PA moved up 4 spots to safe the No. 1 rank as a consequence of its scores on well being take care of seniors, retiree tax charges and general happiness of its residents. Harrisburg, PA rose 11 positions to the No. 2 spot, and Pensacola, FL rose seven positions to No. 3. Tampa, FL moved up two positions to No. 4 and York, PA noticed the biggest bounce to a prime 5 place, rising 12 positions to No. 5.

“The drastic shift within the housing market, excessive inflation and considerations of a pending recession have retirees weighing housing affordability extra closely when contemplating the place to retire,” stated Emily Brandon, US Information senior editor for retirement. “Moreover, with COVID nonetheless a priority and entry to good, reasonably priced well being care being of significance to retirees, pennsylvania dominated the Greatest Locations to Retire rating’s prime positions, taking 5 of the highest 10 spots on the listing.”

Florida stays a extremely desired location for retirees general, with a number of areas putting excessive within the rankings and a complete of 9 appearances within the prime 25. However the 2022-2023 rating’s emphasis on housing affordability, retiree taxes and general happiness gave approach for Fort Wayne, IN to soar 43 spots to No. 15. Different notable prime 25 will increase embody Youngstown, OH shifting up 38 positions to No. 21, and Toledo, Ohio rising 30 positions to No. 23.

This yr, housing affordability is most closely weighted out of the six components within the 2022-2023 Greatest Locations to Retire methodologywhich additionally consists of happiness, well being care high quality, retiree taxes, desirability and job market scores.

“With fixed-rate mortgage charges greater than doubling over the previous yr, it stands to purpose that falling affordability would result in modifications within the rankings of the Greatest Locations to Retire,” stated Patrick S Duffy, actual property economist. “So long as each charges and residential costs are excessive, indexes associated to issues like happiness or well being care high quality, whereas necessary, will take a again seat to affordability. For these fortunate patrons in a position to buy with money, as buyers, they need to nonetheless be conscious of housing values ​​adjusting decrease to compensate for rising mortgage charges.”

The six measures factored into this yr’s rankings have been weighted primarily based on a public survey of people throughout the US who’re nearing retirement age (ages 45-59) and those that are of retirement age (60 or older) to search out out what issues most when contemplating the place to retire. Information sources embody the US Census Bureau, the Federal Bureau of Investigation, the Bureau of Labor Statistics and Sharecare, in addition to US Information Greatest Hospitals rankings.

Greatest Locations to Retire is a part of US Information’ increasing actual property channelwhich supplies rankings, instruments and recommendation to assist people navigate the housing market, from getting a mortgage and residence worth estimate to working with an agent and shopping for and promoting to man.

2022-2023 US Information Greatest Locations to Retire – Prime 10
*See the complete rankings right here.

  1. Lancaster, PA
  2. Harrisburg, PA
  3. Pensacola, FL
  4. Tampa, FL
  5. York, PA
  6. Napoli, FL
  7. Daytona Seaside, FL
  8. Ann Arbor, MI
  9. Allentown, PA
  10. Studying, PA

For extra data on Greatest Locations to Retirediscover Fb and Twitter utilizing #BestPlacesToRetire.

About US Information & World Report
US Information & World Report is the worldwide chief in high quality rankings that empower shoppers, enterprise leaders and coverage officers to make higher, extra knowledgeable selections about necessary points affecting their lives and communities. A multifaceted digital media firm with Schooling, Well being, Cash, Journey, Automobiles, Information, Actual Property and 360 Opinions platforms, US Information supplies rankings, impartial reporting, knowledge journalism, shopper recommendation and US Information Reside occasions. Greater than 40 million folks go to every month for analysis and steering. Based in 1933, US Information is headquartered in Washington, D.C.

SOURCE US Information & World Report, LP


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