Top Retirement Destination for Middle-Class Americans Revealed

Retirement is a goal that may seem out of reach for many, with the average American worker estimating they’ll need $1.46 million to retire comfortably, according to a 2024 study by Northwestern Mutual. For middle-class Americans, though, finding an affordable, enjoyable retirement spot is key to stretching savings further. GoBankingRates.com recently highlighted a top choice for retirees seeking an affordable and fulfilling lifestyle: The Villages, Florida.

In its study, GoBankingRates analyzed U.S. cities with populations of 10,000 or more where at least 25% of residents are aged 65 and older. Key factors included median household income, average home value, annual living costs, and the average Social Security benefits received in each location. The Villages emerged as the top choice, with a median income of $73,415, an average home price of $408,342, and an annual living cost of $48,808. Retirees here benefit from an average Social Security income of $30,704, making it an ideal spot for middle-class Americans.

The Villages offers a vibrant lifestyle tailored for retirees, featuring numerous golf courses, an extensive trail network, diverse dining options, shopping plazas, and relaxing pools. This community provides ample opportunities for socializing and recreation, making it a perfect retirement destination.

Other top spots in the ranking include Green Valley, Arizona; Sun City West, Arizona; Hot Springs Village, Arkansas; and Venice, Florida, each offering affordability and amenities well-suited for a comfortable retirement on a middle-class budget.