New retirees are saying goodbye to large metropolitan areas and moving to smaller cities, a study by HigherAHelper reveals.
Nearly half a million people moved for retirement in 2020, with a large segment favoring sunny states like Florida and California.
Nearly 400,000 people moved for retirement in 2020, a study conducted by HigherAHelper found. While the study’s data showed that retirees are twice as likely to move to a new state than all other movers, more than a quarter of retirees who moved in 2020 chose to leave larger cities and metropolitan areas. Smaller cities often have lower costs of living than big cities, making them ideal for retirees on fixed incomes.
Florida cities garner high marks. It comes as no surprise that Florida is well represented in our rankings, especially near the top. The Sunshine State, which is known as a retirement haven, has five cities in the top 10 and a total of 10 cities in the top 25.
For a full list of SmartAsset's top 10 small cities for retirement …
Advertisement
Related Stories
Business Management
How 2023's Housing Market Conditions Are Affecting the 2024 Housing Market
Last year ended on an optimistic note, but persistent headwinds still exist to keep 2024 from getting the housing market back to pre-pandemic levels
Affordability
Median US Down Payment Falls by More Than $4,000
The recent decrease in costs is welcome relief for homebuyers, but many West Coast markets remain expensive
Housing Markets
10 Biggest Publicly Traded Home Builders Undeterred by High Mortgage Rates
Together, the 10 biggest builders recorded 77,255 new homes in Q1 2024, an increase of more than 18% from Q1 2023
