Providence is the worst city in America to retire in, according to a new study by financial website WalletHub.
WalletHub’s analysts compared the retirement-friendliness of the 150 most populated U.S. cities across four key dimensions: 1) Affordability, 2) Activities, 3) Quality of Life and 4) Health Care.
They evaluated these categories using 31 relevant metrics. Each metric was graded on a 100-point scale, with 100 representing the most favorable conditions for retirement.
They then calculated overall scores for each city using the weighted average across all metrics, which we then used to construct the final ranking.
With cost being a significant factor in retirement, our analysis assumes retirees will rely on a fixed income. The lower their expenses, the better retirees will fare in a particular city.
Providence ranked last overall with a ranking of 150 out of 150. See the full rankings and methodology HERE.
