These Are the Wealthiest Retirement Cities in America
GOBankingRates recently compiled a list of the 20 richest retirement towns in the United States. To obtain the results, the site studied American cities with a population of more than 15,000 where at least 25 percent of people are adults 65 and older. After isolating 131 cities, GOBankingRates determined each city’s median annual household income to find the 20 wealthiest locations.
The top spot on the list went to Rancho Palos Verdes, CA. There, the median annual income is $166,747. Rounding out the top five were: Highland Park, IL ($159,567); Bainbridge Island, WA ($151,290); East Honolulu, HI ($151,224); and Melville, NY ($146,302).
In addition to claiming the wealthiest spot on the list, California was also to be home to the highest number of wealthy retirement towns, claiming five of the list’s 20 spots. In addition to Rancho Palos Verdes; Walnut Creek ($129,971); Laguna Beach ($141,875); Cerritos ($124,460); and Novato ($110,948) made the cut.
Florida had the second-highest number of rich retirement towns, with four locations listed. Naples ($135,657); Lakewood Ranch ($114,511); Palm City ($111,394); and Palm Valley ($118,245) are the richest retirement locations in the state.
Naples, in particular, was found to have the highest 65-and-over crowd of any city on the list, with seniors making up 54.6 percent of the city’s 19,315 residents. East Honolulu had the second-highest concentration, with residents in that age bracket comprising 27.4 percent of almost 50,000 residents.
You can peruse the full list below, and head over to GOBankingRates to check out the complete report.
GOBankingRates