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But even with Social Security, millions of retirees are having to trim down their expenses.
Many are relocating to cities and rural areas that boast lowercosts of livingthan where they previously resided.
Which cities are seeing the biggest shrinkage of retirees?
In a new study, GOBankingRates analyzed cities to find the top cities where retirees are fleeing.
Hot Springs Village, Arkansas
19.
San Rafael, California
18.
Pinellas Park, Florida
17.
Catonsville, Maryland
16.
Tamiami, Florida
15.
Lexington, Massachusetts
14.
Rancho Mirage, California
13.
Lady Lake, Florida
12.
New Smyrna Beach, Florida
11.
Edgewater, Florida
10.
Walnut Creek, California
9.
Dunedin, Florida
8.
Westerville, Ohio
7.
Newport Beach, California
6.
Monterey Park, California
5.
Kingsport, Tennessee
4.
Pikesville, Maryland
3.
Huntley, Illinois
2.
Highland Park, Illinois
1.
Using this data the percentage of the population ages 65 and over can be calculated.
The livability index was sourced from AreaVibes for each location and included as supplemental information.
The average single-family home value was sourced from Zillow Home Value Index for September 2024.
Using the migration data, the net migration can be calculated for each city.
This data assumes that residents ages 65 and over are retirees for this study.
All data was collected on and is up to date as of Nov. 7, 2024.
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