Sarasota once again named best place to retire on national and state lists
Sarasota once again found itself named one of the best places to retire in the United States after netting last month on the US News & World Report’s annual list for the second year in a row.
The most recent award Sarasota achieved comes from WalletHub, which ranked the best places to retire in Florida. Sarasota scored 6.5 points more than its closest competitor Fort Myers. The other cities in the top five were Boca Raton, Miami and Orlando.
Sarasota tops the list:Sarasota tops list of best places to retire in the United States
Following:Sarasota named one of “10 Best Beach Towns in the United States to Live in” by Travel + Leisure Magazine
WalletHub compared 120 cities in Florida using 29 metrics to determine the quality of life, health, and activities available to residents. These three criteria were given equal weight in determining a final score.
Sarasota ranked first or tied for most fishing activity per capita, most health care options per capita, and reported average daily cases of COVID-19, according to the analysis. lowest in the previous week per capita.
The only metric that was not above average compared to other Florida cities was property crime in Sarasota, which ranked 62nd but was squarely around the Sunshine State city average.
WalletHub ranks Florida as the best state to retire. Part of this ranking is due to the lower costs, but also the plethora of indoor and outdoor activities. There is also the fact that Florida has no state income tax.
“This means that there are no state taxes on Social Security benefits, pensions, 401 (k) IRAs and other retirement income,” said Andrew Burnstine, associate professor at Lynn University, in a press release. “Retirees do not burden state and local budgets or necessarily pay more in taxes than they use in public and local services, due to a sales tax rate of 6% and of an average combined tax rate of 6.8%, which is more than enough to help cover budget costs in Florida.