These North Texas cities top the country’s worst places to retire
North Texas isn’t exactly a retirement retreat.
According to a study by the personal finance website WalletHub, several cities in North Texas were ranked among the worst places in the US for retirement.
Arlington was 10th worst and Irving 19th worst. Garland, grabbed 23rd place.
No city in North Texas has cracked the top 50 best spots. Fort Worth was 100th and Dallas 106th. Plano was 136th and Grand Prairie was 142nd.
Meanwhile, Florida had four of the top 10 places for retirement.
To develop the ranking, WalletHub surveyed 180 US cities for affordability, activities, quality of life, and health care.
The most important measures included the cost of living, the number of facilities such as senior centers, golf courses and museums per capita, and the proportion of the population aged 65 and over. The study also assessed crime rates, weather, air and water quality, number of health care providers, and even COVID-19 vaccination rates.
Why was North Texas performing so badly? Several cities here performed particularly poorly in terms of activities and health care, the study shows. Irving also ranked last for the percentage of the population aged 65 and older.
Where retirees are moving is important to their financial security, WalletHub says. According to the Employee Benefit Research Institute’s 2021 Pension Confidence Survey, only three in ten people say they are “very confident” that they will have enough money to live comfortably after retirement.
Although some work longer hours, others want to move to a place where they can expand their dollars without sacrificing their lifestyle, WalletHub says.
“But retirement is not just about money,” the study says. “Retirees want to live in a place where they can enjoy security and access to good health care, especially in the wake of the COVID-19 pandemic. In addition to good weather, the ideal city also offers many recreational opportunities. “
Analysts collected data from the US Census Bureau, the Federal Bureau of Investigation, the Council for Community and Economic Research, the Bureau of Labor Statistics, the Environmental Protection Agency, the County Health Rankings, the Centers for Disease Control and Prevention, US News & World Report and AARP other sources.
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