Money Magazine recently revealed their list of the 2104 list of America’s Best Places to Retire on “CBS This Morning.” Raleigh is in the company of 4 other cities around the country that made the list. The list focused on places with populations of 150,000-500,000 people, and paid attention to things like culture, taxes, activities and healthcare. Donna Rosato, the Money Magazine’s senior editor, said that Raleigh, N.C., has long been a popular destination for retirees.
“There’s been a 97 percent increase in the population of people 55-64,” she said. “Mild weather, four seasons, and an interesting phenomenon – many people in the Northeast move to Florida, and then they move to do a second retirement in North Carolina, they’re called the half-backs.” Some of the highlighted draws to Raleigh are a strong local economy and the fact that North Carolina State University has a lifelong learning program. Interestingly, even with its traditionally warmer weather, there are no West Coast towns on the list. Rosato explained that the West Coast is very expensive and the high taxes and congestion doesn’t help the affordability factor retirees that attracts most of them.
Check out the list of Best Places To Retire below:
Raleigh, NC
Pittsburgh, PA
Lexington, KY
St. Petersburg, FL
Boise, ID
For more on Money’s Best Places to Retire, check out the Money.com feature next week