Four million people will retire this year, and many are looking for places where fixed incomes go further. U.S. News & World Report ranks Midland, Michigan, the best place to retire for a second straight year, while Nevada ranks well down the list.
After Midland, Homosassa Springs, Florida, and Weirton, West Virginia, ranked as the next best places to retire. Newport Beach, California, ranks as the most expensive place to retire.
Nevada appears only once on the national list. Carson City is the state’s highest entry at No. 157. No other Nevada cities made the published top 250.
High housing costs in Reno, Las Vegas, and surrounding areas have kept most Nevada cities out of the upper ranks, even though the state has no income tax on Social Security or pensions. State officials often cite the tax structure when discussing Nevada’s appeal to older residents, but the rankings show that housing affordability remains the bigger factor for many retirees.
The rankings favor places that combine lower living costs with favorable tax treatment.
