Lancaster, Pennsylvania Named Best City in the US for Retirees, According to New Report

While it may come as no surprise that Florida’s cities are often popular choices among retirees, the top city for retirees, according to this survey, is Lancaster, Pennsylvania. Interestingly, both Florida and Pennsylvania dominate the list, with nine out of the top ten cities coming from these two states.

One significant advantage for retirees in these states is the tax benefits they offer. Florida does not tax income, while Pennsylvania exempts retirement pensions, distributions from 401(k)s and IRAs, and even Social Security benefits. These tax benefits can greatly enhance the financial situation of retirees, making their retirement savings stretch further.

It’s important to note, however, that everyone has different priorities when choosing a place to retire. While rankings like these can provide valuable insights, it’s essential to consider personal preferences and individual circumstances.

The top 10 cities for retirees, according to the report, are as follows:

1. Lancaster, Pennsylvania
– Overall Score: 7.2
– Housing Affordability: 6.4
– Health Care: 8.3

2. Harrisburg, Pennsylvania
– Overall Score: 7.2
– Housing Affordability: 6.8
– Health Care: 7.9

3. Pensacola, Florida
– Overall Score: 7.2
– Housing Affordability: 6.9
– Health Care: 4.7

4. Tampa, Florida
– Overall Score: 7.2
– Housing Affordability: 6.3
– Health Care: 5.7

5. York, Pennsylvania
– Overall Score: 7.2
– Housing Affordability: 6.5
– Health Care: 8.4

6. Naples, Florida
– Overall Score: 7.2
– Housing Affordability: 4.8
– Health Care: 5.2

7. Daytona Beach, Florida
– Overall Score: 7.1
– Housing Affordability: 6.6
– Health Care: 5.6

8. Ann Arbor, Michigan
– Overall Score: 7.1
– Housing Affordability: 6.0
– Health Care: 7.5

9. Allentown, Pennsylvania
– Overall Score: 7.1
– Housing Affordability: 6.1
– Health Care: 8.8

10. Reading, Pennsylvania
– Overall Score: 7.1
– Housing Affordability: 6.6
– Health Care: 8.4

These rankings provide valuable guidance for those considering where to spend their retirement years. Whether it’s the affordability of housing, access to quality healthcare, or favorable tax policies, understanding the key factors can help retirees make informed decisions about the best place to retire.