Top U.S. Cities to Retire in 2024 - Top 2 Cities are in Florida

If your ideal retirement includes being close to iconic amusement parks like Walt Disney World and Universal Studios, then you’re in luck!

Orlando, Florida, has topped the list as the best city to retire in the U.S., according to a comprehensive 2024 report by WalletHub.

But beyond its world-renowned theme parks, Orlando offers retirees a vibrant lifestyle full of activities and an attractive cost of living.

WalletHub’s rankings aren’t just based on fun factors—they analyzed 182 major U.S. cities for retirement-friendliness using data from the U.S. Census Bureau, the Council for Community and Economic Research, the Bureau of Labor Statistics, and the Tax Foundation.

The study focuses on retirees living on fixed incomes and evaluates cities across four critical categories:

Category	Points	Key Factors
Affordability	25	Taxpayer friendliness, cost of living
Activities	25	Availability of music venues, museums, bingo halls, and volunteer opportunities
Quality of Life	25	Population over 65, walkability, weather
Healthcare	25	Number of healthcare facilities, quality of public health systems, life expectancy

Top 10 U.S. Cities to Retire (WalletHub 2024)

Orlando, Florida
Miami, Florida
Minneapolis, Minnesota
Tampa, Florida
Fort Lauderdale, Florida
Scottsdale, Arizona
Cincinnati, Ohio
St. Petersburg, Florida
Casper, Wyoming
Atlanta, Georgia

Why Orlando Tops the List for Retirees

Florida’s appeal for retirees is no secret—the state’s warm climate and zero state income tax make it financially attractive.

However, what puts Orlando in the top spot goes beyond tax breaks. WalletHub’s analysis shows that Orlando offers a wealth of cultural and recreational activities for retirees.

The city is home to numerous art galleries, fishing spots, and music venues, and its senior programs are extensive.

Orlando’s “Senior Connections” initiative promotes activities such as dance classes, game nights, and social trips for residents aged 55 and up.

Affordability:

Despite being a hotspot for tourists, Orlando ranked 9th for affordability.

According to RentCafe, the cost of living in Orlando is only 1% above the Florida state average and aligns closely with national averages, making it financially manageable for retirees on a fixed income.

Activities:

Orlando shines in this category, with endless opportunities to enjoy life. Whether it’s fishing, exploring galleries, or attending concerts, retirees can find numerous ways to stay engaged.

The city actively encourages senior residents to participate in community events, making it an ideal place to foster social connections and hobbies.

Healthcare:

Access to quality healthcare is essential for retirees, and Orlando doesn’t disappoint.

The city boasts top-rated medical facilities and public health systems, contributing to a higher life expectancy and well-being for its older population.

Florida’s Strong Showing and the Case for Miami

While Orlando leads the way, Miami ranks as the second-best city to retire. Known for its lively atmosphere and beautiful beaches, Miami offers a wealth of activities for retirees.

However, when it comes to affordability, the city lags behind Orlando. The cost of living in Miami is about 20% higher than the national average, according to RentCafe.

Retirees drawn to Miami’s allure should weigh this higher cost against its vibrant lifestyle and cultural diversity.

What Makes a City Ideal for Retirement?

Choosing where to spend your golden years is personal and depends on individual priorities.

While affordability is essential, retirees must also consider factors such as proximity to family, availability of enjoyable activities, and quality healthcare.

Jonathon Ferguson, a financial specialist at the University of Wisconsin-Madison, advises retirees to think critically about their lifestyle in retirement.

“Retirees should consider how they will spend their time, who they will be with, and where they want to live during retirement.

A well-rounded retirement experience should incorporate elements they enjoyed in their working lives,” Ferguson notes.

Considerations for Your Retirement Planning

While Florida cities dominate the top of the list, other cities like Minneapolis and Casper, Wyoming provide appealing alternatives for those looking for a different climate or lifestyle.

Minneapolis, ranking 3rd, offers retirees a colder, yet rich cultural environment with high-quality healthcare facilities.

Casper, a small city, is known for its affordable living costs and serene landscapes, making it ideal for those seeking a quieter retirement.

In conclusion, the best place to retire ultimately depends on personal preferences, but WalletHub’s 2024 rankings offer valuable insights for retirees looking to make the most out of their golden years.

Whether it’s the sunshine and activities of Orlando or the quiet affordability of Casper, choosing the right city can make a big difference in your retirement experience.