Lifestyle Retire study

Published on August 25th, 2016 |

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Study ranks Atlanta 8th best U.S. city to retire in; 2nd study ranks Georgia 33

A recent report from the personal finance website WalletHub ranks Atlanta as the No. 8 best city in America in which to settle into a rocking chair or hang your hat after retirement.

WalletHub said its analysts compared the affordability, quality of life, health care and availability of recreational activities in the 150 largest U.S. cities to determine its rankings. Its data set of 31 key metrics ranges from “cost of living” to “public-hospital rankings” to “percentage of the 65 and older population.”

Here is how Atlanta stacked up (1=Best; 75=Avg.):

  • 25 – Annual Cost of In-Home Services
  • 15 – Number of Recreation & Senior Centers per Capita
  • 1 – Number of Adult Volunteer Activities per Capita
  • 21 – Emotional Health
  • 63 – ‘Mild Weather’ Ranking
  • 9 – Number of Home-Care Facilities per Capita
  • 32 – Number of Public Golf Courses per Capita

Another recent study by Bankrate.com ranked Georgia No. 33 on a list of best states for retirement. In the report, Georgia scored well in taxes, weather and cost of living but scored below average, however, in the other three categories – healthcare, crime and overall well-being.

“There are a lot of factors that go into how well retirees will do in a state,” said Claes Bell, CFA, a senior analyst at Bankrate.com. “While features like pleasant weather and nearby amenities are important, nuts-and-bolts considerations like cost of living and the local tax burden may have a bigger impact on your overall quality of life.”

Bell added, “Many retirees live on a fixed income, and it’s hard to have a pleasant retirement if you’re constantly under financial pressure.”

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