Forbes magazine - Best places to grow old

June 13, 2:23 PMJacksonville Retirement Planning ExaminerBryan Dudones

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Forbes Magazine recently released their top 10 list of "Best Places To Grow Old". Although no counties in Northeast Florida made the cut, two counties in Florida did make the list; Brevard at # 6 and Palm Beach at # 4. Click here to view the entire rankings and slideshow. According to their website, here is the methodology Forbes used to determine the rankings:

"To determine which U.S. counties are the best places to grow old, we used several data points, three determined by the U.S. Census Bureau: the percentage of those aged 65 and over in counties with a total population of 500,000, median monthly housing costs and median income of those 65 and over in each of these counties. To get a sense of overall economic health, we used the most up-to-date unemployment-rate data for each county, provided by the Bureau of Labor Statistics. Finally, with data provided by New York market research firm Onboard Informatics, we determined the number of hospitals, clinics and elder care facilities per 10,000 people in each county.

There were 100 counties included in our methodology. We ranked each data point 1 to 100, and then averaged the rankings to procure a final ranking. The three most important data points--the percentage of those aged 65 and over, the median income of those 65 and over, and the number of hospitals, clinics and elder care facilities per 10,000 people in each county--were weighted to ensure our rankings reflected ideal places for retirement.

Onboard worked with its source partners--research firms InfoUSA and Total Living Choices--to identify and define these facilities and then standardize and match the results to create a consolidated county based content set."
 

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