U.S. News & World Report, the global authority in rankings and consumer advice, unveiled this week the 2020-2021 Best Places to Retire in the United States and Sarasota found itself at the top of the list this year. The new list evaluates the country’s 150 most populous metropolitan areas based on affordability, job prospects and desirability.
This year's 25 Best Places to Retire is dominated by Florida metro areas, largely due to affordable homes, low taxes and high ratings for happiness and desirability. Increases in Desirability and Job Market scores lifted Sarasota from No. 2 last year to overtake Fort Myers for the No. 1 spot for 2020-2021. And while Port. St. Lucie’s Housing Affordability score slightly decreased, increases in Desirability, Job Market and Health Care scores helped it jump two places to No. 3. Miami, FL also saw a decrease in Housing Affordability but still broke into the top 10 this year, jumping five places to No. 9 thanks to Desirability and Job Market score increases. The top 25 places to retire also includes three Texas communities, and two places each in Michigan, North Carolina and Tennessee.
“Moving to a new place for retirement can reduce your cost of living and improve your quality of life,” said Emily Brandon, U.S. News senior editor for retirement. “The Best Places to Retire includes information about housing costs, access to quality hospitals and the strength of the job market, which can help you find a retirement spot that will meet your needs.”
The 2020-2021 Best Places to Retire were determined based on a methodology that factored in happiness, housing affordability, health care quality, retiree taxes, desirability and job market ratings. These measures were weighted based on a public survey of individuals across the U.S. who are nearing retirement age (ages 45-59) and those who are of retirement age (60 or older) to find out what matters most when considering where to retire. Data sources include the U.S. Census Bureau and the Bureau of Labor Statistics, as well as U.S. News rankings of the Best Hospitals.
2020-2021 U.S. News Best Places to Retire – Top 10
1. Sarasota, FL 2. Fort Myers, FL 3. Port St. Lucie, FL 4. Naples, FL 5. Lancaster, PA 6. Ocala, FL 7. Ann Arbor, MI 8. Asheville, NC 9. Miami, FL 10. Melbourne, FL