Florida or Arizona may be popular destinations for retirees living on a fixed income. But for those with boatloads of cash, California is the place to spend those golden years.
Five California cities have made GOBankRates’ list of America’s Richest Retirement Towns, including the top destination for wealthy retirees in the nation.
The website examined all 131 U.S. cities with populations over 15,000 and 65-plus populations of over 25%. The 20 “richest” among them were ranked by median income.
America’s 20 Richest Retirement Towns
Rancho Palos Verdes, California
Highland Park, Illinois
Bainbridge Island, Washington
East Honolulu, Hawaii
Melville, New York
Laguna Beach, California
Paramus, New Jersey
Naples, Florida
Walnut Creek, California
Cerritos, California
Mililani Town, Hawaii
Palm Valley, Florida
Parole, Maryland
Murrysville, Pennsylvania
Pear City, Hawaii
Creve Coeur, Missouri
Lakewood Ranch, Florida
Palm City, Florida
Novato, California
Summerlin South, Nevada
The median income in RPV is $166,747. In Laguna, it’s $141,875. The percentage of RPV residents over 65 is 26.2%. Seniors make up 28.2% of Laguna Beach’s population.
Data and rankings were compiled by GOBankRates and do not reflect statistics on all cities.