5 Cities to Consider If You’re Retiring in 2025

Leaving the workforce and retiring is a big change, especially when it comes to your finances. Choosing where to spend your golden years is a prudent decision that should take into account several factors. Many retirees are looking to make their money last longer, so it’s essential to consider factors like tax benefits, cost of living, quality of life, access to quality and affordable healthcare, and nearby amenities. If you’re planning to retire in 2025 and are looking for the perfect city, here are five places that should be on your radar, according to Yawar Charlie, a senior real estate agent, director of real estate at Aaron Kirman Group, and cast member of CNBC’s “Listing Impossible.”

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“As a luxury real estate agent, I’ve had the privilege of watching many of my clients transition into retirement over the years. It’s not just about the weather, it’s about finding a place that fits your lifestyle, your budget, and everything you’ve worked so hard for,” Charlie tells GOBankingRates. “These cities aren’t random; they’re where I’ve seen clients happily settle down, and here’s why they stand out.”

Sarasota, Florida

Florida is a state where many retirees flock for its warm climate and tax benefits, and Sarasota is a magnet for people looking to relocate. It has a vibrant arts scene and sits along the Gulf of Mexico, offering stunning views. Plus, it’s about an hour from Tampa, so if you’re looking to escape to a big city for the day, you’re not far away.

“Sarasota is one of those places that looks like it came out of a retirement brochure: beaches, golf courses and year-round sunshine,” Charlie said. “Florida has no income tax, which is like a gift to retirees. According to U.S. News, it ranks among the best places to retire, with an affordable median home price of about $464,000,” he added.

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Scottsdale, Arizona

If you prefer living in the desert, Scottsdale offers year-round sunshine, plenty of activities and stunning scenery. “Plus, Scottsdale’s proximity and active social life keep retirees engaged and connected,” Charlie said. “The cost of living is a bit higher, but with the median home price hovering around $775,000, it’s a trade-off many retirees are willing to make for the quality of life here,” he added.
Asheville, North Carolina

Whether you enjoy kayaking, hiking or enjoying scenic mountain views, Asheville is a city to consider spending your retirement years.

“Asheville is made for retirees who want a balance of nature and culture,” Charlie said. The city also has a thriving culinary and arts scene that keeps things fun and entertaining.

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Palm Springs, California

From its interesting architecture to its thriving downtown area filled with lively bars and restaurants, Palm Springs is an exciting and popular retirement destination for a reason.

“For the glamour seeker, Palm Springs offers a chic desert lifestyle with mid-century modern charm. It’s not the most affordable location—the median home price is around $665,000—but the community, outdoor activities and sunny climate make it a perfect getaway,” Charlie said.

“Plus, you’re just a few hours from Los Angeles, for those times when you need a big city fix. Palm Springs also offers plenty of golf, spa and resort-style options, perfect for those who want a little luxury,” he added.

Austin, Texas

Austin offers the perfect mix of culture, history, and exciting things to do. Known for its hip music scene, a place where foodies can experience delicious barbecue, affordability, and no income tax, Austin is quickly becoming the city of choice for retirees.

“Its mix of urban amenities, outdoor activities and Southern hospitality make it an attractive place for retirees looking for a mix of fun and relaxation,” Charlie said. “With a median home price of $550,000, it’s slightly more affordable than other major metro areas. And trust me, the culinary scene here alone is enough to make you never want to leave!”

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This article was originally published on GOBankingRates.com: 5 Cities to Consider If You’re Retiring in 2025