A city's weather and climate is an important consideration for retirees, but is not the only factor, states Great Places To Retire. In addition, health care, transportation, cost-of-living expenses, taxes, dining availability and educational opportunities also factor in.Continue Reading
With public transportation more readily available in a city setting than in a rural location, many urban retirees don't need cars, 55Places.com explains. Grocery stores and drugstores are usually within walking distance, and cities often have outstanding medical facilities and hospitals.
From an educational standpoint, many of today's retirees take classes and are interested in taking up new hobbies. An urban area with shops, museums, concert halls and theaters, not to mention colleges, provides that opportunity. Additionally, many of these venues offer discounts to people over age 65. In addition, cities provide a variety of dining opportunities that rural settings can't match.
A city condominium or loft also can be an attractive alternative to retirees who don't want to keep a home or worry about indoor or outdoor maintenance. Finally, CityRetirement.com reports that a strong social network is crucial in retirement and more important than other factors when it comes to a happy retirement. Urban retirees often find more opportunities to network than elsewhere.Learn more about Financial Planning