America’s Wealthiest Retirement Destination: Rancho Palos Verdes, California
Rancho Palos Verdes, CA, known for its breathtaking ocean views, luxurious homes, and serene environment, has been named the richest retirement town in the country, boasting a median household income of $166,747.
While many towns across the U.S. offer affordable retirement options for those looking to enjoy their golden years without financial strain, retirees with larger nest eggs often choose more upscale destinations.
Earlier this month, personal finance site GoBankingRates.com ranked the richest retirement towns in the country. The site evaluated American cities with a population of at least 15,000, where a minimum of 25% of residents are aged 65 or older.
Out of 131 qualifying cities, the rankings were determined based on median household income data from the 2022 American Community Survey by the U.S. Census Bureau.
Among the top 10 wealthiest retirement towns, the highest median household income was $166,747, while the tenth spot had a median income of $124,460.
The 10 richest retirement towns in the U.S.
- Ranchos Palos Verdes, California
- Highland Park, Illinois
- Bainbridge Island, Washington
- East Honolulu, Hawaii
- Melville, New York
- Laguna Beach, California
- Paramus, New Jersey
- Naples, Florida
- Walnut Creek, California
- Cerritos, California
Do you want to know more about Rancho Palos Verdes?
10 Things We Love About Rancho Palos Verdes:
- Equestrian Lifestyle: With numerous horse trails and equestrian facilities, it's a haven for horse enthusiasts.
- Close Proximity to Beach Cities: Enjoy easy access to nearby beach cities like Redondo Beach, Hermosa Beach, and Manhattan Beach.
- Convenient Location to LAX: Only a short drive to Los Angeles International Airport (LAX), making travel convenient.
- Stunning Ocean Views: The coastal cliffs offer breathtaking views of the Pacific Ocean.
- Luxurious Homes: The area boasts some of the most luxurious and beautiful homes in Southern California.
- Serene Environment: The peaceful, suburban atmosphere is perfect for those looking to escape the hustle and bustle of city life.
- Extensive Hiking Trails: Miles of scenic trails, including the famous Palos Verdes Peninsula Land Conservancy trails.
- Top-Rated School District: Known for its highly rated schools, making it ideal for families as well.
- High Property Values: A solid investment with consistently high property values.
- Recreational Opportunities: From exploring the Terranea Resort to visiting the Point Vicente Interpretive Center, there's plenty to do.
This coastal city, a suburb of Los Angeles, is renowned for its extensive hiking trails, top-rated school district, and high property values, as noted by the education ranking platform Niche.
