New study ranks Ohio among best places to retire

OHIO — A new study ranked the state of Ohio among the best in the country for people to retire.

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As reported on News Center 7 at 5:30 p.m., retirement is a huge life transition for thousands of people each year, and according to a study by WalletHub, some cities in Ohio have three qualities that Retirees look for.

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The three major things retirees look for before choosing a place to plant roots for their golden years are affordability, senior healthcare, and quality of life.

Between ranking highly in those three areas and the plentiful employment opportunities for Seniors, Ohio is a desirable retirement location.

“If you are closer to retirement and you realize you might need some extra money, it would benefit you to be in a place that has an elderly-friendly labor market, like some of these cities that we looked at,” Christie Matherne, an editor with WalletHub said.

Cincinnati was the top Ohio city on the list at number 7.

Quality of life and healthcare pushed the city up the ranks but Ohio in general is very good because of things like no inheritance tax in the state.

Another factor that makes Ohio so popular is familiarity, for many Ohioans it’s a no-brainer to retire in the same place they have been living in for years.

“If you’re familiar with your budget and how far it goes in your home state, say you’re in Ohio, it works out much better for you to stay in one place. Moving is expensive in general. So retirees have to deal with this fixed income idea,” Matherne said.

Matherne said the major factors like affordability and quality of life were so strong in favor of retirement in Ohio that Buckeye cities remained high despite other heavy factors like weather not being a big draw.

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