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‘Making Cash’ host Charles Payne discusses 401(ok) financial savings with Walser Wealth Administration president Rebecca Walser and what it says about Individuals’ retirement.
Retirees typically take the price of dwelling into consideration with regards to the place they stay after leaving the workforce.
Some retirement scorching spots are extra expensive than others, in accordance with a GOBankingRates evaluation that recognized the 30 U.S. cities that stood out because the priciest “retirement cities.”
For its rating, the corporate checked out cities the place at the very least 25,000 folks lived and 25% or extra of their inhabitants had been 65 or older and calculated the expensiveness primarily based on prices of homeownership, renting and dwelling necessities.
The cities that GOBankingRates included within the high 10 are situated throughout 4 states. Greater than half of these locales are in California.
Saratoga, California
Saratoga, California, was ranked as the most costly place for retirees, in accordance with GOBankingRates. (MattGush / Getty Photos)
Saratoga, which GOBankingRates discovered to be the priciest place for retirees, is situated throughout the Bay Space. Dwelling there prices $282,625 a yr for a home-owner, in accordance with the report.
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Rancho Palos Verdes, California
The price of dwelling for a home-owner in Rancho Palos Verdes was pegged at $144,381 per yr, the report discovered. Roughly 26% of the Southern California metropolis’s residents are at the very least 65 years outdated.
Walnut Creek, California
Civic Park in Walnut Creek, California, on June 10, 2025. (Smith Assortment/Gado/Getty Photos / Getty Photos)
With owners dealing with a $144,381 annual value of dwelling, Walnut Creek ranked No. 3 amongst GOBankingRates’ “most costly retirement cities.” Retirees spend $5,551 on groceries there on common, in accordance with the report.
Cerritos, California
Cerritos, a California metropolis not removed from Los Angeles, ranked No. 4, with GoBankingRates pegging the annual value of dwelling for a home-owner at $91,644 a yr.
Palm Springs, California
The Vista Las Palmas neighborhood in Palm Springs, California. (Myung J. Chun / Los Angeles Occasions by way of Getty Photos / Getty Photos)
Palm Springs has an annual value of dwelling of $86,550, in accordance with GOBankingRates. Properties there are value $1.02 million on common, the report stated.
Scottsdale, Arizona
The price of dwelling for a home-owner in Scottsdale is $81,525 per yr, the report stated. The town, which averages 314 sunny days, is “situated within the stunning Sonoran Desert on the foot of the scenic McDowell Mountains,” in accordance with the town authorities’s web site.
La Quinta, California
An aerial view of houses and a golf course in La Quinta, California. (Mario Tama/Getty Photos / Getty Photos)
In La Quinta, folks over the age of 65 make up almost a 3rd of its inhabitants. Its $71,613 annual value of dwelling put it at No. 7 on GOBankingRates’ record of priciest retirement cities.
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Gloucester, Massachusetts
Retirees on this metropolis, thought of America’s oldest seaport and situated about 40 miles northeast of Boston, can anticipate dwelling there to value $71,334 yearly, with groceries tending to value $5,417 and healthcare averaging $7,029, per GOBankingRates.
Palm Seashore Gardens, Florida
A neighborhood in Palm Seashore Gardens, Florida. (felixmizioznikov / Getty Photos)
Folks 65 and older account for 31% of Palm Seashore Gardens’ residents. The report discovered the price of dwelling for a home-owner within the metropolis to be $70,601 and houses to be value a mean of $759,350. Palm Seashore Gardens neighbors different cities like Jupiter and West Palm Seashore.
Barnstable City, Massachusetts
Barnstable City is a part of Massachusetts’ iconic Cape Cod. For retirees, dwelling in Barnstable would value $68,453 a yr, in accordance with GoBankingRates.
In March, a examine launched by Constancy Investments discovered retirement was “going as deliberate” for 72% of latest retirees, with an analogous share additionally indicating they felt their retirement planning set them up sufficiently money-wise for his or her golden years.
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On the similar time, many stated their financial savings had taken a success from the growing value of dwelling.
Over two-thirds of retirees reported their retirement was “extra pleasurable than they anticipated,” in accordance with the examine.
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