One Minnesota City Makes Top-10 Best Places To Retire 2024!

One Minnesota city has made the list of the Top-5 Best Cities To Retire in all of the nation.

Minneapolis has emerged as a top retirement destination, securing the #3 ranking in WalletHub's Best & Worst Places to Retire list for 2024.

This recognition highlights the city's appeal to retirees seeking a balance of urban amenities and quality of life.

WalletHub compared more than 180 U.S. cities across 45 key measures of affordability, quality of life, health care, and recreational activities.

Key factors contributing to Minneapolis' high ranking likely include its robust healthcare systems, and the city's cultural scene, with numerous museums, theaters, and music venues, that offer retirees diverse entertainment options.

Minneapolis is known for its extensive park system and outdoor recreational opportunities, promoting an active lifestyle for seniors.

The city's relatively stable economy and reasonable cost of living compared to other major metropolitan areas may also factor into its attractiveness for retirees.

Public transportation options and age-friendly infrastructure further enhance the city's appeal.

Additionally, Minnesota's tax-friendly policies for retirees, including no tax on Social Security benefits.

In Minnesota people with taxable income up to $78,000, or $100,000 for a couple, are exempt from paying state taxes on their Social Security benefits.

While harsh winters may deter some, the city's preparedness for cold weather and a strong sense of community can mitigate this concern for many retirees considering Minneapolis as their new home.

Here are the Wallethub's Top-10 Best Cities to Retire...

1. Orlando, FL
2. Miami, FL
3. Minneapolis, MN
4. Tampa, FL
5. Fort Lauderdale, FL
6. Scottsdale, AZ
7. Cincinnati, OH
8. St. Petersburg, FL
9. Casper, WY
10. Atlanta, GA