Bethlehem Makes Forbes’ ‘Best Places to Retire in 2017’ List
By Colin McEvoy on April 26, 2017
For the second time in the past six months, a major national publication has selected Bethlehem as one of the top places in the United States to live after retirement.
Forbes magazine included Bethlehem in its list of the “25 Best Places to Retire in 2017,” choosing the city after considering more than 550 communities in all 50 states. The final list spans 50 states, and Bethlehem was the only Pennsylvania community to make the cut.
Although this marks the first time Forbes has included Bethlehem in its list, the city was also chosen by Money magazine for its own “Best Places to Retire” list in October, ranking #1 out of all cities in the Northeast region.
Forbes did not rank its 25 picks, which were chosen based on several factors the magazine considered among the best retirement value, including housing costs, low taxes, access to medical care, low crime rates, air quality, and opportunities for volunteering and exercise.
“It’s our annual effort to offer a wide view of attractive, affordable choices across the United States,” Forbes writer William P. Barrett wrote for the magazine.
“With the aging of the Baby Boomers, around four million Americans are retiring each year and several times that number are thinking about it,” Barrett wrote. “Retirement often means living on less income, but it also presents the chance to relocate to an area with lower costs or one that better suits your retirement plans, whether they involve recreation, culture, education, volunteering, being closer to family, or even working part time.”
Bethlehem is one of only nine places in the list with a median home price below $160,000. According to Forbes, the city’s median home price is $152,000, compared to a national average of $228,400, and an average of $183,000 among those in the magazine’s list.
Bethlehem is also one of only nine on the list with colleges or universities, which Forbes notes “translates into increased cultural and learning opportunities.” The magazine also lauded the city for its walkability, which encourages an active retirement.
In compiling its list, Forbes also considered how communities fared on the Milken Institute Best Cities For Successful Aging, which rates communities on how well they meet needs in a variety of areas, including healthcare, transportation, and community engagement.
Visit here for the full list of Forbes’ “25 Best Places to Retire in 2017.”
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