‘Making Money’ host Charles Payne discusses 401(okay) financial savings with Walser Wealth Administration president Rebecca Walser and what it says about People’ retirement.
Retirees usually take the price of residing into consideration in the case of the place they reside after leaving the workforce.
Some retirement scorching spots are extra pricey than others, in keeping with a GOBankingRates evaluation that recognized the 30 U.S. cities that stood out because the priciest “retirement towns.”
For its rating, the corporate checked out cities the place at the very least 25,000 folks lived and 25% or extra of their inhabitants had been 65 or older and calculated the expensiveness based mostly on prices of homeownership, renting and residing necessities.
The cities that GOBankingRates included within the high 10 are situated throughout 4 states. Greater than half of these locales are in California.
Saratoga, California
Saratoga, California, was ranked as the costliest place for retirees, in keeping with GOBankingRates. (MattGush / Getty Photos)
Saratoga, which GOBankingRates discovered to be the priciest place for retirees, is situated inside the Bay Space. Residing there prices $282,625 a 12 months for a home-owner, in keeping with the report.
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Rancho Palos Verdes, California
The price of residing for a home-owner in Rancho Palos Verdes was pegged at $144,381 per 12 months, the report discovered. Roughly 26% of the Southern California metropolis’s residents are at the very least 65 years outdated.
Walnut Creek, California 
Civic Park in Walnut Creek, California, on June 10, 2025. (Smith Assortment/Gado/Getty Photos / Getty Photos)
With owners going through a $144,381 annual value of residing, Walnut Creek ranked No. 3 amongst GOBankingRates’ “most expensive retirement towns.” Retirees spend $5,551 on groceries there on common, in keeping with the report.
Cerritos, California
Cerritos, a California metropolis not removed from Los Angeles, ranked No. 4, with GoBankingRates pegging the annual value of residing for a home-owner at $91,644 a 12 months.
Palm Springs, California 
The Vista Las Palmas neighborhood in Palm Springs, California. (Myung J. Chun / Los Angeles Occasions through Getty Photos / Getty Photos)
Palm Springs has an annual value of residing of $86,550, in keeping with GOBankingRates. Houses there are price $1.02 million on common, the report stated.
Scottsdale, Arizona
The price of residing for a home-owner in Scottsdale is $81,525 per 12 months, the report stated. The town, which averages 314 sunny days, is “located in the beautiful Sonoran Desert at the foot of the scenic McDowell Mountains,” in keeping with the town authorities’s web site.
La Quinta, California 
An aerial view of houses and a golf course in La Quinta, California. (Mario Tama/Getty Photos / Getty Photos)
In La Quinta, folks over the age of 65 make up practically a 3rd of its inhabitants. Its $71,613 annual value of residing put it at No. 7 on GOBankingRates’ checklist of priciest retirement cities.
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Gloucester, Massachusetts
Retirees on this metropolis, thought-about America’s oldest seaport and situated about 40 miles northeast of Boston, can count on residing there to value $71,334 yearly, with groceries tending to value $5,417 and healthcare averaging $7,029, per GOBankingRates.
Palm Seashore Gardens, Florida 
A neighborhood in Palm Seashore Gardens, Florida. (felixmizioznikov / Getty Photos)
Folks 65 and older account for 31% of Palm Seashore Gardens’ residents. The report discovered the price of residing for a home-owner within the metropolis to be $70,601 and houses to be price a mean of $759,350. Palm Seashore Gardens neighbors different cities like Jupiter and West Palm Seashore.
Barnstable City, Massachusetts
Barnstable City is a part of Massachusetts’ iconic Cape Cod. For retirees, residing in Barnstable would value $68,453 a 12 months, in keeping with GoBankingRates.
In March, a examine launched by Constancy Investments discovered retirement was “going as planned” for 72% of current retirees, with the same share additionally indicating they felt their retirement planning set them up sufficiently money-wise for his or her golden years.
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On the identical time, many stated their financial savings had taken a success from the rising value of residing.
Over two-thirds of retirees reported their retirement was “more enjoyable than they expected,” in keeping with the examine.
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