5 expensive US cities to retire in
Retiring in expensive, urban places
In the 20th century, many retirees in America flocked to the Sun Belt looking for low taxes, cheap living and warm sun. As baby boomers retired to the once sparsely populated region, golf courses and luxury developments sprouted up in Las Vegas, Phoenix, Santa Fe, N.M., and Orlando, Fla.
But today, more seniors are choosing to stay close to the urban offerings of major metropolitan cities across the country. The biggest problem with retirement planning in these cities, of course, is the hit to the pocketbook. To afford living in some of the most expensive U.S. cities, retirees are finding new strategies to cope with the high prices and high taxes that come with enjoying a big-city lifestyle.