When it comes to places to retire, how does Palm Springs fare?
With California having the fourth-highest cost of living in the nation and being one of the states hit hardest by COVID-19, WalletHub, personal-finance website, today released its report on 2020’s Best & Worst Places to Retire in California.
To determine the most retirement-friendly destinations in the Golden State, WalletHub compared 260 California cities across 29 key metrics. The data set ranges from adjusted cost of living to health-care facilities per capita to number of attractions.
Retirement-Friendliness of Palm Springs (1=Best; 130=Avg.):
- 52nd – Adjusted Cost of Living
- 1st – % of Population Aged 65 & Older
- 81st – % of Workers Aged 65 & Older
- 15th – Health Care Facilities per Capita
- 211th – Family Medicine Physicians per Capita
- 1st – Museums per Capita
- 232nd – Property-Crime Rate
- 27th – COVID-19 Cases in the Last Seven Days per 100,000 Residents
For many Americans, the prospect of retiring in the Golden State is nothing more than a pipe dream, writes Adam McCann, financil writer for WalletHub. California boasts beautiful nature, bustling cities and a rich history, but it’s also one of the most expensive places to live in the U.S. With the fourth highest cost of living and the https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494/ in the nation, the state appropriately ranked No. 38 in affordability on WalletHub’s “Best & Worst States to Retire” study.
It’s easy to see why California might seem out of reach to retirees living on a fixed monthly income, but a closer look at individual cities in the Golden State proves there are exceptions. It’s not all about the money, though. Seniors in California will want to live somewhere that’s safe and provides good quality healthcare, especially in the midst of the COVID-19 pandemic, where California is one of the states hit hardest. The best locations will also have fulfilling activities to do during retirement.
For the full report, click here.
- Palm Springs International Airport: YouTube