This article looks at the 5 best places to retire for those following Dave Ramsey’s 8% withdrawal rate. You may check out our detailed analysis on the 8% withdrawal rate by jumping to 15 Best Places to Retire for Those Planning to Follow Dave Ramsey’s 8% Withdrawal Rate.
5. Sarasota, Florida
Insider Monkey Score: 17
IM Cost of Living Index: 109.7
Livability Score: 80
There is something about the Sunshine State of Florida that retirees can’t get enough of, especially in the city of Sarasota. It’s likely the breathtaking coastal scenery and the wealth of recreational opportunities, combined with a vibrant lifestyle and top-notch amenities. For those who wish to retire in Florida, Sarasota is one gem of a place to be.
4. Portland, Maine
Insider Monkey Score: 19
IM Cost of Living Index: 111.5
Livability Score: 85
This historic seacoast town has always been a retiree favorite thanks to its award-winning restaurants, working waterfront, cultural richness, and quality amenities. The city’s stunning waterfront, with its picturesque lighthouses and historic architecture, provides a scenic backdrop for retirees seeking a relaxed lifestyle. Portland also boasts an active arts scene, top-tier dining with fresh seafood, and plenty of local markets.
3. Savannah, Georgia
Insider Monkey Score: 21
IM Cost of Living Index: 93.6
Livability Score: 81
Boasting both affordability and a high-quality lifestyle, Savannah in Georgia suits those looking for endless opportunities for entertainment and cultural engagement. This coastal city is revered for its picturesque oak-lined streets, historic architecture, and stunning riverfront, offering retirees a scenic and leisurely environment that they deserve.
2. Ann Arbor, Michigan
Insider Monkey Score: 24
IM Cost of Living Index: 107.4
Livability Score: 89
Ann Arbor is an indisputably amazing retirement destination for seniors to consider for their golden years. This bustling university town and culinary hotspot boasts a walkable downtown, a vibrant arts and culture scene, and access to world-class healthcare facilities. Home to the University of Michigan, retirees also have the chance to engage in lifelong learning.
1. Cary, North Carolina
Insider Monkey Score: 26
IM Cost of Living Index: 105
Livability Score: 90
Based on our methodology, the best place to retire for those following Dave Ramsey’s 8% withdrawal rate is Cary, North Carolina. Retiring to a city like Cary where living expenses aren’t as high as many other cities on our list means retirees can stretch their savings further, possibly even splurge if they want, and enjoy a high quality of life. Excellent healthcare, a strong community, and an active lifestyle make Cary a wonderful destination to spend one’s golden years.
Check out our complete analysis and more of the best places here: 15 Best Places to Retire for Those Planning to Follow Dave Ramsey’s 8% Withdrawal Rate.
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