Forbes Releases The 2013 Best Places For a Working Retirement
A retirement lifestyle increasingly can include part-time work to supplement pensions, Social Security, 401(k)’s, and other resources, or just to stay mentally engaged. Here’s our list (arranged alphabetically) of the 25 best U.S. cities–actually, metropolitan areas or divisions–for a working retirement. We examined job growth trends and unemployment rates along with cost of living issues, taxes and other factors like crime rates, doctors per capita, and air quality.
Some of the 2013 Best Places to Retire for adults looking to continue their career lifestyles may look familiar to Seniors Guide. What do you think about the following cities for retirement, chosen by Forbes.com?
This Shenandoah Valley area gets high marks for economic growth, consistent with its 5.1% unemployment rate. The cost of living is 5% below the national average. The median home price is $183,000, barely under the nationwide norm. Crime rate is very low.
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Sitting atop seven hills, Lynchburg offers a diversified, solid-growth economy with 6% unemployment. Cost of living is 12% below the national average, while the median home price, $138,000, is $48,000 below. Air quality is above average.
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Greenville, South Carolina
Nestled in South Carolina’s northwestern corner, Greenville sits in the top third of the Milken Institute’s rankings. Unemployment rate is 7.1%, 0.8% below the national average. Cost of living beats the U.S. average by 6%, and the median home price of $156,000 is $30,000 under the national average. South Carolina has an excellent tax climate for senior citizens. The doctors per capita ratio is high.
The most populous area in eastern Tennessee combines a high Milken Institute rank with a 6% unemployment rate. Cost of living is 7% below the national average, while homes change hands for a median $143,000, 24% below the U.S. average. One downside: crime.
Morgantown, West Virginia
No. 2 on the Milken Institute small-cities list, Morgantown leverages its college-town aura (West Virginia University) into a 5.3% unemployment rate. Cost of living is 8% below the national average, while single-family home change hands for just $137,000. West Virginia has an agreeable tax climate for senior citizens. Other pluses include abundant doctors per capita and a low crime rate.
Economic pillars like entertainment and state government boost Nashville into the top seventh of the Milken Institute big-city list. Unemployment rate is 6.1%. Cost of living is 5% below the national norm. Homes sell for an average $164,000, $22,000 below the national average.