Raleigh has made another “best places” list – this time, it’s the best place to retire.
Citing its strong local economy, temperate weather, affordability and low taxes, Money magazine named North Carolina’s capital city as the No. 1 place to retire. In an appearance Oct. 23 on CBS This Morning, Donna Rosato, the magazine's senior editor, said Raleigh is growing in popularity as a retirement destination.
"There's been a 97 percent increase in the population of people 55-64," Rosato said. "Mild weather, four seasons, and an interesting phenomenon - many people in the Northeast move to Florida, and then they move to do a second retirement in North Carolina, they're called the half-backs."
Rosato added that Raleigh has what many retirees are seeking ”low taxes, affordability and lots to do.” Baby boomers, who want smaller cities with less congestion and other big city problems but don’t want a “sleepy” retirement, are choosing smaller cities like Raleigh to get “the best of both worlds,” she added.
The other cities cited by the magazine were Pittsburgh, PA, Lexington, KY, St. Petersburg, FL, and Boise, ID.
The accolade is among many that Raleigh and the surrounding area -- most rankings consider the assets of the Triangle area – has received in the past decade. Most recently, Raleigh was named by Forbes magazine as one of top 10 “Up and Coming Cities for Entrepreneurs.” The other cities on that list were Singapore, Bangalore, Sao Paulo, Kiev, Moscow, Santiago, Sydney, Austin and Richmond.