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Michigan is home to a pair of cities ranked among the nation’s top retirement spots, according to a recent survey by a national personal financial company.
Grand Rapids ranked No. 73 and Detroit No. 166 among best places to retire, according to the report by WalletHub, which ranked the retirement-friendliness of 182 U.S. cities.
The ranking considered factors such as affordability, health care, activities and quality of living for the respective cities, WalletHub explained.
“It’s important to choose wisely when picking where to retire, as many retirees are on a fixed income. As a result, the best cities for retired people are those that minimize taxes and expenses, as well as have good opportunities for retirees to continue paid work for extra income, if they choose to do so. In addition, the top cities provide high-quality health care and offer plenty of enjoyable activities for retirees,” WalletHub analyst Chip Lupo said.
Here’s what to know about retirement destinations.
Where are the top 10 cities to retire in US?
Here are WalletHub’s 10 best American cities to retire to:
- Orlando, Florida
- Scottsdale, Arizona
- Minneapolis
- Miami
- Tampa, Florida
- Atlanta
- Fort Lauderdale, Florida
- Cincinnati
- Madison, Wisconsin
- Casper, Wyoming
Where are Michigan’s best cities for retirees?
The ranking included two Michigan cities, Detroit in southeast Michigan, and Grand Rapids in west Michigan.
Grand Rapids was No. 73 spot out of 182 cities, scoring 106 for affordability, 63 for activities, 117 for quality of life and 68 for healthcare, where one represents the best score for each of those categories.
Detroit came in at No. 166, scoring 130 for affordability, 102 for activities, 174 for quality of life and 117 for healthcare.
See where America’s best retirement cities are
WalletHub’s digital map shows its rankings for best U.S. cities to retire to.
How did WalletHub compile its findings?
To help Americans find the best cities to retire, WalletHub compared the retirement-friendliness of 182 cities — including the 150 most populated U.S. cities, plus at least two of the most populated cities in each state — across four key metrics, WalletHub said:
- Affordability
- Activities
- Quality of life
- Health care
What is WalletHub?
WalletHub is a personal finance company based in Miami, its website notes.
The News-Press contributed.
Contact Jenna Prestininzi: jprestininzi@freepress.com.
