Jun 27, 2016, 09:05 ET
NEW YORK, June 27, 2016 /PRNewswire/ -- Arlington, Va. is the best city to retire, according to a new Bankrate.com report. The rest of the top five are: Franklin, Tenn.; West Des Moines, Iowa; Sarasota, Fla. and Scottsdale, Ariz. Click here for the complete list of 196 cities:
The study included nine categories: cost of living, climate, healthcare cost and quality, taxes, crime, well-being, walkability and cultural vitality. A wealth of cultural opportunities, a strong sense of well-being among seniors and great healthcare are the main reasons for Arlington's #1 ranking. A high cost of living is the main drawback.
"We found that smaller cities and suburbs fared the best," said Bankrate.com analyst Jill Cornfield. "Most seniors prefer to live in these types of communities because they offer access to big-city amenities without as much hustle, bustle and crime."
According to the study, Niagara Falls, N.Y. is the worst place to retire. It was dragged down by high taxes, a cold/snowy climate and an above-average crime rate. Milford, Conn.; San Bernardino, Calif.; Troy, N.Y. and Worcester, Mass. comprise the rest of the bottom five.
This free calculator recommends retirement destinations to each user based upon his or her preferences:
Sources: Agency for Healthcare Research and Quality; Council for Community and Economic Research; FBI; HealthView Services; Gallup-Healthways; National Oceanic and Atmospheric Administration; Tax Foundation; WalkScore.com; Western States Arts Federation
Bankrate.com provides consumers with the expert advice and tools needed to succeed throughout life's financial journey. For over two decades, Bankrate.com has been a leading personal finance destination. The company offers award-winning editorial content, competitive rate information, and calculators and tools across multiple categories, including mortgages, deposits, credit cards, retirement, automobile loans, and taxes. Bankrate aggregates rate information from over 4,800 institutions on more than 300 financial products. With coverage of over 600 local markets, Bankrate generates rate tables in all 50 U.S. states. Bankrate develops and provides web services to more than 100 cobranded websites with online partners, including some of the most trusted and frequently visited personal finance sites on the internet, such as Comcast, Yahoo!, CNBC and Bloomberg. In addition, Bankrate licenses editorial content to more than 500 newspapers on a daily basis including The Wall Street Journal, USA Today, The New York Times and The Los Angeles Times.
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