PROVIDENCE, R.I. (WPRI) — If you’re retiring, you may want to consider a move out of the Providence metro area, according to a new study.
WalletHub, a personal finance resources website, looked at the 150 largest cities in the United States to determine the best cities to retire in. The study compared the cities’ affordability, quality of life, health care and availability of recreational activities — specifically, measuring things like cost of living, rankings of public hospitals, and what percentage of the population is 65 or older. Number 1 on the list was best overall; number 150 was worst of the cities.
Providence was number 148, the third worst city to retire in.
For Providence’s “retirement-friendliness” measures, the statistic we’re best in is number of adult volunteer activities per capita. We ranked low (100th on the list or lower) on adjusted cost of living, in-home services costs, number of home-care facilities per capita, and emotional health. We were 78 for violent crime and number 80 for the most “elderly-friendly” labor market.
The only cities worse than Providence to retire in are both in New Jersey: Jersey City and Newark, in that order.
Notorious for the retirement set, a city in Florida is predictably at the top of the list: Tampa ranks high on affordability, activities, quality of life and healthcare. Then:
2. Scottsdale, AZ
3. Boise, ID
4. Cape Coral, FL
5. Orlando, FL
The top city in health care is Overland Park, KS; activities, Salt Lake City, UT; quality of life, Henderson, NV; and affordability, Memphis, TN.
Boston ranked quite poorly on the list too; while Providence is third from the bottom or worst, Boston is the eighth worst city to retire in. Further up the list:
9th worst (142): Worcester, MA
10th worst (141): Detroit, MI
11th worst (140): Philadelphia, PA
13th worst (138): Washington, DC
Of cities in the Northeast, the best city on the list to retire in is number 78: Pittsburgh, PA.
Cities like Hartford, CT, Portland, ME and Springfield, MA did not make the list.