In September, GOBankingRates ranked the best retirement towns in the U.S. for the middle class in 2024.
The following factors were then considered for each city:Total populationPopulation aged 65 and overTotal householdsMedian household incomeNumber of households receiving Social Security benefitsNumber of households receiving retirement incomeAverage Social Security benefits for households receiving themAverage retirement income for households receiving itThe data sources used for the report include the U.S. Census American Community Survey, Zillow's Home Value Index and more.
GOBankingRates' study found that middle-class Americans will have the most success retiring in Florida, Ohio, and Arizona.
The middle class has always flocked to Florida because of its affordability," Ray Marek, GOBankingRates' media outreach manager, tells CNBC Make It.
Marek added that despite the rising cost of living in Florida, the data shows that Florida is still a top destination for middle-class retirees who want to live in a place that offers a balance between affordability and quality of life.
Persons:
GOBankingRates, Ray Marek, Marek
Organizations:
Social, Census, Community Survey, Sunshine State, CNBC
Locations:
U.S, Florida , Ohio, Arizona, Florida