FORT MYERS, Fla. (Aug. 22, 2020) – Fort Myers has been named the best place in America for retirees to live and work in 2020 by the financial technology firm SmartAsset. The city is especially strong in the tax department, with a senior tax burden of just 13.59% (this number estimates the total sales tax and income tax the average senior will pay). In terms of activities for seniors, there are many museums and science centers in the city. Fort Myers offers fairly affordable housing options, with housing costs just 22.44% of average retirement income.
Fort Myers was among five Florida cities appearing in the top 10. Last year, U.S. News & World Report named Fort Myers as the #1 best place to retire in the United States. In addition, the personal finance outlet WalletHub.com named Fort Myers as the 8th best retirement city in Florida in 2019.
“As a result of ongoing investments in our community, Fort Myers offers a sought-after lifestyle enjoyed by residents and visitors alike,” said Saeed Kazemi, P.E., City Manager. “The abundance of sunshine and amenities definitely sets our City of Palms apart.”
SmartAsset is a financial technology company aiming to provide the best personal finance advice on the web, offering free and personalized tools to empower individuals to make informed personal finance decisions. Tools and advice are objective based on data and automated financial modeling. The complete ranking list can be found at https://smartasset.com/retirement/best-places-to-retire-in-the-us.