If you’re planning to retire in 2025 and have a savings of around $500,000, there are several cities in states like Florida, Texas, Ohio, and Pennsylvania that can offer you a comfortable lifestyle. These locations are well-suited for retirees, ensuring financial stability and enjoyable living conditions.

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GOBankingRates conducted an analysis to identify the best cities for retirees with a $500,000 portfolio in 2025. The criteria included a livability index of at least 85, a drawdown period of at least 10 years using the initial savings, and a population comprising at least 20% of residents aged 65 and older.

The following cities stood out based on their livability scores and financial feasibility for retirees.

Lima Ohio iStock

1. Bluffton, Ohio

% of Population Aged 65 or Older: 22%
Total Annual Cost of Living: $38,457
Livability Score: 91
Years to Utilize $500,000: 13

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2. Shaker Heights, Ohio

% of Population Aged 65 or Older: 21%
Total Annual Cost of Living: $45,697
Livability Score: 89
Years to Utilize $500,000: 10.94

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Beaches of Mary Esther, Florida

3. Mary Esther, Florida

% of Population Aged 65 or Older: 20%
Total Annual Cost of Living: $46,326
Livability Score: 89
Years to Utilize $500,000: 10.79

View of Pittsburgh, Pennsylvania

4. Bellefonte, Pennsylvania

% of Population Aged 65 or Older: 20%
Total Annual Cost of Living: $44,356
Livability Score: 88
Years to Utilize $500,000: 11.27

Scenic View of Hampden, Maine

5. Hampden, Maine

% of Population Aged 65 or Older: 20%
Total Annual Cost of Living: $46,669
Livability Score: 88
Years to Utilize $500,000: 10.71

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Welcome to Hales Corners, Wisconsin

6. Hales Corners, Wisconsin

% of Population Aged 65 or Older: 20%
Total Annual Cost of Living: $48,399
Livability Score: 88
Years to Utilize $500,000: 10.33

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7. Holdrege, Nebraska

% of Population Aged 65 or Older: 22%
Total Annual Cost of Living: $35,992
Livability Score: 87
Years to Utilize $500,000: 13.89

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Aerial View of Dubuque, Iowa

8. Dubuque, Iowa

% of Population Aged 65 or Older: 20%
Total Annual Cost of Living: $37,558
Livability Score: 87
Years to Utilize $500,000: 13.31

Florida Welcome Sign

9. Tangelo Park, Florida

% of Population Aged 65 or Older: 23%
Total Annual Cost of Living: $42,298
Livability Score: 87
Years to Utilize $500,000: 11.82

Downtown Toledo, Ohio

10. Sylvania, Ohio

% of Population Aged 65 or Older: 22%
Total Annual Cost of Living: $43,326
Livability Score: 87
Years to Utilize $500,000: [Data Pending]

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11. Canfield, Ohio

% of population age 65+: 27%
Total annual cost of living: $43,800
Livability: 87
Years to draw down $500,000: 11.42

12. Beavercreek, Ohio

% of population age 65+: 20%
Total annual cost of living: $44,102
Livability: 87
Years to draw down $500,000: 11.34

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13. Strongsville, Ohio

% of population age 65+: 24%
Total annual cost of living: $45,433
Livability: 87
Years to draw down $500,000: 11.01

14. Wellington, Kentucky

% of population age 65+: 21%
Total annual cost of living: $30,683
Livability: 86
Years to draw down $500,000: 16.30

15. Mogadore, Ohio

% of population age 65+: 22%
Total annual cost of living: $37,569
Livability: 86
Years to draw down $500,000: 13.31

16. Trenton, Michigan

% of population age 65+: 24%
Total annual cost of living: $38,971
Livability: 86
Years to draw down $500,000: 12.83

17. Beaver, Pennsylvania

% of population age 65+: 27%
Total annual cost of living: $42,415
Livability: 86
Years to draw down $500,000: 11.79

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18. Fairlawn, Ohio

% of population age 65+: 24%
Total annual cost of living: $43,198
Livability: 86
Years to draw down $500,000: 11.57

19. Sherwood, Ohio

% of population age 65+: 20%
Total annual cost of living: $43,253
Livability: 86
Years to draw down $500,000: 11.56

20. Lauderdale, Minnesota

% of population age 65+: 20%
Total annual cost of living: $43,601
Livability: 86
Years to draw down $500,000: 11.47

21. Lathrup Village, Michigan

% of population age 65+: 25%
Total annual cost of living: $45,173
Livability: 86
Years to draw down $500,000: 11.07

22. Ebensburg, Pennsylvania

% of population age 65+: 23%
Total annual cost of living: $35,877
Livability: 85
Years to draw down $500,000: 13.94

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23. Luverne, Minnesota

% of population age 65+: 22%
Total annual cost of living: $36,010
Livability: 85
Years to draw down $500,000: 13.89

24. Superior, Wisconsin

% of population age 65+: 24%
Total annual cost of living: $37,151
Livability: 85
Years to draw down $500,000: 13.46

25. North Olmsted, Ohio

% of population age 65+: 20%
Total annual cost of living: $39,414
Livability: 85
Years to draw down $500,000: 12.69

26. Shiner, Texas

% of population age 65+: 22%
Total annual cost of living: $41,729
Livability: 85
Years to draw down $500,000: 11.98

27. Liverpool, New York

% of population age 65+: 25%
Total annual cost of living: $42,201
Livability: 85
Years to draw down $500,000: 11.85

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28. Decorah, Iowa

% of population age 65+: 24%
Total annual cost of living: $43,299
Livability: 85
Years to draw down $500,000: 11.55

29. Metairie, Louisiana

% of population age 65+: 22%
Total annual cost of living: $43,473
Livability: 85
Years to draw down $500,000: 11.50

30. Frankenmuth, Michigan

% of population age 65+: 29%
Total annual cost of living: $44,561
Livability: 85
Years to draw down $500,000: 11.22

Note: Images used may be representational and may not depict specific locations.

Methodology: This analysis by GOBankingRates evaluated cities as premier retirement spots for 2025 based on a $500,000 portfolio. Cities with a livability score of at least 85, as per AreaVibes.com, were examined. Data sources included the U.S. Census American Community Survey for demographics and Sperling’s BestPlaces for cost of living. The calculations were established to show the number of years $500,000 could last, focusing on cities with at least a decade of drawdown capability, an 85 or above livability rating, and at least 20% of residents aged 65 and older. All data is current as of October 9, 2024.

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This article was originally published on GOBankingRates.com: 30 Top Retirement Destinations for 2025 on a $500K Portfolio

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