Naples has ranked No. 1 in Florida on SmartAsset’s fifth annual study on the Best Places to Retire. The study rates cities by their tax friendliness, recreational and social opportunities for seniors, and availability of medical care. The city scored 13.7 percent in tax friendliness, 28.1 in doctors’ offices per 1,000 people, 9.8 in recreation centers per 1,000 people, 1.1 in retirement centers per 1,000 people, and 51.5 percent for percentage of seniors. Naples received an overall score of 100 on SmartAsset’s Best Place to Retire Index.
Methodology A happy, healthy retirement depends a lot on location. To find the best places to retire, SmartAsset gathered data on three separate regional factors that affect the quality of life for retirees.
First, they looked at state and local tax rates, considering two types of taxes: income and sales. They calculated effective rates based on a typical retiree earning $35,000 annually (from retirement savings, Social Security or part-time employment) and spending their disposable income on taxable goods. Next, they determined the number of doctors’ offices, recreation centers and retirement centers per thousand residents in each area. Finally, they found the number of seniors in each area as a percentage of the total population.
In the final analysis, they ranked each county and city on these three factors. Then they calculated an average ranking for each area, weighting the three factors equally. The areas with the lowest average ranking are the best places to retire.
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