For anyone needing a good reason to stick around, it turns out Fort Wayne is the best city in the nation to retire rich.
That's according to personal finance website GOBankingRates.com.
Despite the poor rankings Indiana generally gets in various health and wellness surveys, the state's cost of living elevates it in other studies. It's inexpensive. Indianapolis ranks as the fifth-best city to retire rich. In fact, the study recommends looking to the Midwest and not the West Coast to hang on to your wealth.
Of the 10 worst cities to retire rich, seven are in California and all but one are on the West Coast or in Hawaii. Four of the 10 best are in Ohio or Indiana.
“It's encouraging to be at the top of another national list,” city spokesman John Perlich said in an email. “We're working together as a community to be a great place to live, work and play for people of all ages and backgrounds. Fort Wayne's quality of life amenities, good jobs, a revitalized downtown, and strong neighborhoods have made us a point-of-destination city.”
The GOBankingRates study looked at the cost of buying a home, paying for health care, paying property taxes “and other basic costs of living.” It found that people can put savings in jeopardy or stretch them further depending on where they live in retirement.