Monday, October 27, 2008

Cities Where Your Nest Egg Goes Farthest

No. 10 Nashville, Tenn. With a population of 1,486,695, this city came in at No. 9 for affordable housing. It was also one of our Best Places for Business in 2007. Add in pleasant weather and all the benefits a community derives from a top-notch university like Vanderbilt, and you've got a fine place to retire.

No. 9 Atlanta, Ga. This southern city isn't just for young singletons and families. In terms of net migration among people over 65, Atlanta ranked No. 3 with droves of older Americans picking this affordable and desirable place to spend their golden years.

No. 8 St. Louis, Mo. Meet me in St. Louis. Seriously. Greater St. Louis is growing fast and with good reason. Affordable housing and sluggish inflation (just 3.2% in June 2008) make this is a great place to retire.

No. 7 Denver, Colo. A Rocky Mountain retirement will involve outdoor living, a vibrant nightlife and a manageable cost of living. Denver, one of Forbes.com's Best Cities for Singles, attracts people of all ages making it a good long-term bet for retirees who want to ensure that they are settling somewhere with a bright future.

No. 6 Indianapolis, Ind. This Midwestern city ranked No. 1 for housing affordability relative to income and No. 8 for inflation. Students from Purdue and Indiana University share a campus in town and provide youthful vibrancy, while Colts fans up the energy even further, making this a reasonably priced and lively place to retire.

No. 5 Salt Lake City, Utah Utah's capital is growing fast. With nearly 16 doctors per thousand people--far above the national average--retirees can be reassured by the cluster of medical professionals and facilities nearby. With a median age of 30, retirees may not blend in, but they can be sure that economic growth is ahead.

No. 4 Houston, Texas Forbes.com's Best Place to Buy a Home is, not surprisingly, a great place to retire. With tax revenues flowing from the oil and alternative energy industries centered there and a bustling tech scene, retirees won't need to worry that they are settling into a place on the slide. Throw in affordable housing and sunny weather, and Houston is a great place to begin again.

No. 3 Minneapolis, Minn. This twin city has a reputation for big city arts and nightlife, but it can accommodate a retiree's fixed budget. While the winter may be rough, the cost of living won't be.

No. 2 Dallas, Texas Dallas has a robust economy, thanks to the many corporations headquartered in the city's center. With sunny weather, low taxes and Southern hospitality, this Texas town is a great place to retire.

No.1 Columbus, Ohio Home to the Ohio State Buckeyes, Midwestern Columbus has a low cost of living and affordable housing--seniors seem to get along just fine. More than a fifth of folks over 65 are employed, and that age group only constitutes 6% of persons living under the poverty level, which indicates that independent living is en vogue in this river city.

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