Two “Retirement Towns” on List
Two communities built expressly for senior living made the list: Sun City, Ariz., and The Villages in Florida.
The Villages, the master-planned, age-restricted community (ages 55+) in central Florida has grown quickly to 132,000 residents. Between 2010 and 2020, The Villages was the fastest growing metropolitan area in the United States, growing 39%, from about 93,000 in 2010 to about 130,000 in 2020.
It has a median home price of $388,000, 3% above the national median and the cost of living is 3% above the national average. No state income tax or estate tax also helps its ranking along with the rest of Florida as a retirement destination.
Sun City, a suburb of Phoenix, is also an age-restricted community with a population of 43,000 with eight golf courses all within six miles. Forbes puts its median home price at $303,000, 17% below the national median. No state estate tax or income tax on Social Security were other pluses.
SEE ALSO:
• ‘Best Places to Retire’ Rankings Dominated by Two States
• Disney-Style Retirement: 55+ Community Planned in Palm Springs
• Florida Best, New Jersey Worst for 2022 Retirement: WalletHub
• 2022 World’s Best Place to Retire Is…
• 2022’s 4 Most Affordable Places to Retire Overseas
Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
