Cities Where Your Retirement Savings Will Last the Longest
Personal finance website GOBankingRates examined the average costs for a 65-year-old for housing, utilities, groceries and healthcare in the 100 largest cities to calculate where a retiree can stretch their retirement savings the furthest. To put these costs in perspective, GoBankingRates took the approximate median nest egg retirees have saved — $150,000 — and subtracted one year's worth of costs in each of those cities to show how much of a hit their savings will take.
For full study results and more details on methodology, visit: Cities Where Your Retirement Nest Egg
Top 5 Cities Where Your Retirement Savings
1.
Retiree cost of living:
Nest egg left over:
2.
Retiree cost of living:
Nest egg left over:
3.
Retiree cost of living:
Nest egg left over:
4.
Retiree cost of living:
Nest egg left over:
5.
Retiree cost of living:
Nest egg left over:
Additional Study Insights
- Most of the top 10 cities for your retirement savings are located in the Midwest. However, two cities in
Texas land on this list this year:El Paso andCorpus Christi . - Despite the state's popularity among retirees,
Jacksonville is the only city in Florida that rank in the top ten. Lexington -Fayette, Ky. tops the list for most expensive housing expenditures.
About GOBankingRates
GOBankingRates.com is a personal finance news and features website dedicated to helping visitors live a richer life. From tips on saving money, to investing for retirement or finding a good interest rate, GOBankingRates helps turn financial goals into milestones and money dreams into realities. Its content is regularly featured on top-tier media outlets, including
Contact
GOBankingRates.com
[email protected]
310-297-9233 x138
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SOURCE GOBankingRates
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