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Baltimore ranked among worst places in U.S. to retire, WalletHub study

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BALTIMORE, MD—With only 27% of workers reporting that they are “very confident” they will have enough money for retirement, the personal-finance website WalletHub today released its report on 2023’s Best & Worst Places to Retire.

Baltimore came in near the bottom of the list at No. 173 out of 182 cities ranked.  Tampa, FL came in at No. 1 followed by Scottsdale, AZ at No. 2. Stockton, CA came in last place.

To help Americans plan for a comfortable retirement without breaking the bank, WalletHub compared more than 180 U.S. cities across 45 key measures of affordability, quality of life, health care and availability of recreational activities. The data set ranges from the cost of living to retired taxpayer-friendliness to the state’s health infrastructure.

Best Cities to Retire Worst Cities to Retire
1. Tampa, FL 173. Baltimore, MD
2. Scottsdale, AZ 174. Vancouver, WA
3. Fort Lauderdale, FL 175. Rancho Cucamonga, CA
4. Orlando, FL 176. Wichita, KS
5. Miami, FL 177. Bridgeport, CT
6. Casper, WY 178. Detroit, MI
7. Denver, CO 179. San Bernardino, CA
8. Cincinnati, OH 180. Bakersfield, CA
9. Charleston, SC 181. Newark, NJ
10. Atlanta, GA 182. Stockton, CA

Best vs. Worst

  • Pearl City, Hawaii, has the highest share of the population aged 65 and older, 25.50 percent, which is 3.2 times higher than in Irving, Texas, the city with the lowest at 8.00 percent.
  • Brownsville, Texas, has the lowest adjusted cost-of-living index for retirees, 75.39, which is 2.4 times lower than in Honolulu and Pearl City, Hawaii, the cities with the highest at 182.16.
  • Plano, Texas, has the highest share of workers aged 65 and older, 26.73 percent, which is 2.4 times higher than in Gulfport, Mississippi, the city with the lowest at 11.10 percent.
  • St. Louis has the most home health care facilities (per 100,000 residents), 79.26, which is 28.8 times more than in New York, the city with the fewest at 2.75.

The full report can be viewed online here at WalletHub.

More in the video below.

Photo via Pixabay

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