Wednesday, November 20, 2024

Is Boston, MA a good place to retire? This new ranking says yes. Here’s why.

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When you think of places worth retiring to, you might not necessarily think of Boston.

However, according to this national report, you might want to rethink your assessment.

U.S. News and World Report, considered a global authority in rankings and consumer advice, announced this week that Boston ranked 29th for the 2024-25 list for Best Places to Retire. Not bad, considering 150 cities were judged overall.

The U.S. News best places to retire list said that Boston has world-class schools and health care as well as cutting-edge technology and medicine.

This makes sense as Boston’s Brigham and Women’s Hospital was ranked as one of U.S. News’ best hospitals for 2024 to 2025.

Is Boston a good place to retire?

The U.S. News entry for Boston definitely makes a case for Boston being a retirement city, emphasizing the Hub’s historical importance while also elevating its modern amenities as a city, like the MBTA‘s bus and subway systems.

“Boston’s tenacious spirit was born out of an act of revolution, and its drive to pursue innovation and progress is in its DNA,” U.S. News said.

Holding Boston back from ranking hire as a place to retire was its affordability, with a median home price of $744,221 and the median monthly price for rent of $1,984.

Even so, it’s other amenities make it desirable.

“From the Old North Church to the Institute of Contemporary Art and everything in between, Boston is steeped in culture and rich in pride,” the report said. “For new families, recent college graduates, retirees or seasoned professionals, Boston is a place that can foster your next stage of life.”

How did they deterime U.S. News and World Report Best Places to Retire list

To rank the cities, U.S. News and World Report looked at key metrics.

“The overall retirement score and each index score were calculated on a 10-point scale,” the website said. “The six indexes are: Affordability, Happiness, Desirability, Retiree Taxes, Job Market and Health Care Quality.”

The Happiness index held the most weight in score, with a 27%, and the Job Market index held the least weight with 8%.

Top 10 best places to retire in 2025

  1. Naples, Florida
  2. Virginia Beach, Virginia
  3. New York City, New York
  4. Sarasota, Florida
  5. Boise, Idaho
  6. Raleigh, North Carolina
  7. Jacksonville, Florida
  8. Huntsville, Alabama
  9. Charlotte, North Carolina
  10. Fort Wayne, Indiana

Rin Velasco is a trending reporter. She can be reached at rvelasco@gannett.com.

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