Tags: gobankingrates | best | neighborhoods | retirement

GoBankingRates: 4 Best Neighborhoods for Retirement

retirement vacation concept, happy mature retired couple enjoying beautiful sunset at the beach

Wednesday, 05 December 2018 04:33 PM

A new study ranks the top 20 spots for retirees — all in or just outside major U.S. cities — based on median home prices, weather, crime and other amenities.

The neighborhoods that landed at the top of GoBankingRates’ list offer the biggest bang for the buck without being too far from downtown.

“The key, though, is choosing the right neighborhood when retiring to a big city,” GoBankingRates reported.

To find the best neighborhoods for retirees across the U.S., GOBankingRates looked at the 18 largest cities in the country, then identified neighborhoods that had a low median listing price, a high livability rating and a high percentage of adults over age 65.

“A golden retirement is possible if you can find the best places to retire in the suburbs,” GoBankingRates reported.

Highlighting the four highest-ranking areas:

Kingwood, Texas

  • Percentage of residents over 65: 14.6 percent
  • Livability score: 89

"This master-planned community in northeast Houston might appeal to retirees because it offers a variety of housing options, from condos and multifamily residences to small and large single-family homes. It has miles of greenbelt trails, golf courses, parks, music venues, a farmers market and more," the report said.

Loretto — Jacksonville, Fla.

  • Percentage of residents over 65: 15 percent
  • Livability score: 87

"The neighborhood is home to a variety of local amenities and has low crime rates as well as great weather, which earned it the second-highest livability score on this list. Its low housing costs and low crime rates make Loretto one of the safest and most affordable places to retire on this list," GoBankingRates said.

Great Northwest — San Antonio

  • Percentage of residents over 65: 11.8 percent
  • Livability score: 84

Great Northwest earned high grades for amenities, cost of living and housing, and the neighborhood has the third-highest livability score in this ranking, GoBankingRates reported.

Bayside West, Florida

  • Percentage of residents over 65: 19.3 percent
  • Livability score: 82

"This Tampa neighborhood has the fifth-highest percentage of residents over 65 of all the areas included in GOBankingRates’ list. It also has the fourth-highest livability score, with perfect scores for local amenities and low crime rates. Compared to the other neighborhoods on this list, Bayside West is one of the most affordable places to retire near the beach," the report said.

Meanwhile, finding where to spend your golden years is only part of the equation. How to pay for your happily ever-after is the other piece.

And while planning for retirement isn’t easy, but it doesn’t have to be horribly difficult either. Hard work and dedication can make just about anyone’s retirement dreams come true, Newsmax Finance Insider Trevor Gerszt recently explained.

"Despite that, many Americans hamstring themselves when it comes to saving for retirement. From not saving early enough to spending too much money while they’re working, they fail to do what they need to in order to retire comfortably," he wrote.

"Planning for retirement doesn’t have to be rocket science. Although many Americans don’t do a good job of it, many more are able to plan for retirement and retire successfully, living in comfort. Following a few basic ground rules and avoiding these three major mistakes can go a long way towards helping you fulfill your retirement dreams."

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The neighborhoods that landed at the top of GoBankingRates’ list offer the biggest bang for the buck without being too far from downtown.
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Wednesday, 05 December 2018 04:33 PM
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