Countries Natixis ranked as secure retirement locations are mostly concentrated in Europe but also include New Zealand and Australia. The top three countries in the rankings are Norway, Switzerland and Iceland, all of which have life expectancies of 83 years, compared to 76.1 in the U.S. and the world average of 72.
Whether it reflects the warmer weather, quality healthcare or a low tax burden, Florida ranks number one as a retirement paradise on WalletHub's 2024 survey. Florida, Colorado and Virginia top the list of the best places to retire in the U.S. in 2024, according to a new survey from WalletHub.
1 place to retire in the U.S.: Harrisburg, Penn. Harrisburg ranked as the best place to retire in the U.S. in 2024, according to U.S. News and World Report.
A recent analysis from retirement experts for GOBankingRates found some people are rethinking the Sunshine State as the go-to retirement destination. The cost of housing in Florida has skyrocketed, with a median home value of nearly $393,000, according to Zillow.
According to the Missouri Economic Research and Information Center, the lowest overall costs of living were found in Mississippi, Oklahoma, Kansas, Alabama, and West Virginia: Cheapest states to retire.
Hawaii — Hawaii is first on the list because, while it is not exactly the cheapest place to live, it offers other advantages for retired, single females. Hawaii has an elderly population of 16.1%.
1. Iowa. Iowa tops the list for best states to live on just a Social Security check thanks to a number of factors. Overall, the monthly cost of living-rent, groceries, healthcare, utilities, transportation, and any miscellaneous expenses-comes to just under $3,000.
Cuenca, Ecuador
Huddled in the Andes mountains, Cuenca in Ecuador is a nice place to retire for $1,000 a month. The "city of eternal spring" has a well-developed healthcare system, a respectable transportation network, and a rich cultural heritage. Cuenca's growing expat community is also a plus for retiring here.
Achieving your dream retirement doesn't necessarily require a substantial retirement fund. Some of the most popular overseas retirement destinations that retirees can choose to live a comfortable retirement include Thailand, Spain, Colombia, the Dominican Republic, the UK, Mexico, Japan, and Canada.
Q: Can I retire in Florida on $3,000 a month? A: According to a GOBakingRates study, there are several cities in Florida where you can live on $3,000 — or even less — each month, including Pensacola and Panama City.
1. Iowa. Iowa ranks as the number one state to retire to. It offers an affordable cost of living and home prices and a strong economy, making it an attractive place to make retirement savings last longer.
States That Don't Tax Retirement Income
Those eight – Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, Washington and Wyoming – don't tax wages, salaries, dividends, interest or any sort of income.
As such, some of the best places for seniors to live in the United States include cities in Florida, Texas, South Carolina, and also the East Coast. Retirees love these places because of the ideal weather most of them boast, along with an affordable cost of living.
Purchase a smaller home
If home modifications sound a little overwhelming, a more modest home, like the classic ranch style, might be a better retirement housing option. The single-story floor plan is easy to navigate around thanks to their open layouts.