Sarasota Returns to Top 5 on US News Best Places to Retire List
Sarasota has reclaimed its place among the best US cities for retirees, according to US News & World Report. The city, which held the No. 1 spot in 2020 and 2021, is now in the top five, securing fourth place in this year's rankings. Sarasota trails only Naples (#1), Virginia Beach (#2), and New York City (#3) as retirees increasingly prioritize happiness in choosing their retirement destinations.
Affordability vs. Happiness: A Changing Landscape
In recent years, US News has changed its ranking methodology to prioritize affordability, a significant concern for retirees facing rising housing costs. This shift has resulted in changes to the rankings. For example, Sarasota's real estate prices surged due to post-pandemic migration patterns, causing the city to drop to #11 in 2022 and #18 in 2023. US News reported Sarasota's median housing cost of $430,600 is substantially higher than the national average of $281,900.
Despite these housing cost challenges, Sarasota has excelled in other important areas, such as happiness, healthcare, and retiree tax benefits. These strengths have helped Sarasota climb back into the top five rankings. The updated rankings now emphasize factors that enhance quality of life, reflecting a broader trend among retirees looking for financial feasibility and an enjoyable lifestyle.
Florida's Dominance in Retirement Rankings
Sarasota is not the only city in Florida that ranks highly on the list. Florida cities continue to excel, with eight reaching the top 25. Naples has maintained its No. 1 position; others include Jacksonville (#7), Pensacola (#17), Tampa (#18), Port St. Lucie (#19), Melbourne (#20), and Fort Myers (#24).
Methodology Update: A Localized Approach
This year's rankings have introduced an important methodological change: they now focus on city-specific data rather than metropolitan areas. This shift enhances the accuracy of livability assessments for retirees. Based on a survey of individuals aged 45 and older, respondents were asked to consider several essential factors, including happiness (27%), affordability (25%), healthcare (15%), retiree taxes (13%), desirability (12%), and the job market (8%). This comprehensive approach helps retirees make informed decisions about their future.
A Bright Future for Sarasota Retirees
Sarasota's resurgence into the top five highlights its lasting allure as a premier retirement destination. With a vibrant cultural scene, excellent healthcare, and a strong sense of community, it's no wonder retirees are drawn to this Gulf Coast gem. Whether enjoying the stunning beaches, world-class arts, or the bustling downtown, retirees in Sarasota find a unique balance of happiness and opportunities that is hard to match.
Sarasota again proves why it's a top contender for those seeking an enriching retirement lifestyle.
Read the full US News article on the Best Places to Retire here.
Source: Derek Gillium, Sarasota Herald-Tribune. US News and World Report
