One California city was called the richest retirement town nationwide, according to a March study from Go Banking Rates.
Rancho Palos Verdes, a seaside community near Torrance, Lomita and San Pedro in Southern California, was named the "wealthiest" retirement home, boasting an average home income of $166,747.
New California expense looks for to lower speed limits in school zones
To figure out the ranking, researchers at the individual finance website take a look at American cities with a minimum population of 15,000, of which a minimum of 25% of citizens are aged 65 or older.
One city from Florida, one of the more popular states for retirees nationwide, had only one city within the top 10, while California had 4.
These are the top 10 wealthiest retirement towns in the U.S.
Ranchos Palos Verdes, California
Highland Park, Illinois
Bainbridge Island, Washington
East Honolulu, Hawaii
Melville, New York
Laguna Beach, California
Paramus, New Jersey
Naples, Florida
Walnut Creek, California
Cerritos, California
To retire in a California city like Rancho Palos Verdes, retirees would require a minimum of $1.4 million for 25 years of retirement or $1.7 million for 30 years.
Usually, a retired person in California would require $90,399 each year to live easily during retirement, according to another research study from the individual finance site.
Close Modal
Suggest a Correction
Your name( needed).
Your e-mail( needed).
Report a typo or grammatical mistake( needed).
Send.
ΔΔ.
Recommend a Correction.
Comments
Leave a Reply