Alliance Global Partners chief strategist Mark Grant discusses his retirement income tax strategy at Varney & Co.
Americans are watching retirement this year they may be considering moving to a new city that allows their retirement savings to grow, and a new GOBankingRates analysis highlights five cities worth considering.
The amount an individual or couple needs to save for retirement can vary greatly in different parts of the country.
The latest GOBankingRates The report noted that the amount needed to retire in Oklahoma is $735,284, while the amount in Arizona is $1,110,019 and shows how those amounts can vary by location.
GOBankingRates has identified five communities that retirees in 2026 should consider given the cost of living, housing pricesquality of life and other services for older people.
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Midland, Michigan
Main Street in Midland, Michigan. (Getty Images)
The low cost of living is the main reason for Midland’s rise to the top of the rankings, as the community has a median price of about $206,000 – well below the national average of about $360,000 which gives retirees an opportunity to save on housing costs.
Located inland from Saginaw Bay, Midland has a population of nearly 43,000 and is noted for its walkability and access to nature, and the area also has a variety of seasons. Michigan weather allowing local people to participate in winter activities. Midland tops US News & World Report’s rankings of best retirement communities.
Homosassa Springs, Florida
View of Homosassa beach in Homosassa, Florida. (Getty Images)
In Florida is a popular retirement destination and the small community of Homosassa Springs ranks high for its accessibility and location on the state’s west coast north of Tampa.
Homosassa Springs also has low housing costs, with a median price of around $220,000, while also offering easy access to the beach and a warm climate and there are no state income taxes.
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The Woodlands, Texas
A winding waterway in the business district of The Woodlands, Texas. (Getty Images)
Located in north Houston, The Woodlands is close to the city’s world-class health centers, a range of housing options and low tax burdens Texas having no state income tax.
The cost of living is high compared to the small communities that top the list, and the median home value is $474,000, above the national average.
Rio Rancho, New Mexico
A view of Sandia Mountain with an expansive view of Albuquerque’s Rio Rancho district in the foreground. (Getty Images)
In New Mexico it is known for its dry, sunny climate, making it an attractive destination for retirees – especially those who enjoy outdoor recreation.
Rio Rancho is a suburb of Albuquerque and is close to health care facilities and relatively affordable, with a median home price of $310,000.
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Asheville, North Carolina
Asheville, North Carolina, makes the list of the best places to retire in 2026. (Stock)
It is located in the western part of the mountains North CarolinaAsheville has about 95,000 residents and offers residents access to amenities found in smaller metro areas as well as access to outdoor activities and health care.
The median home price in Asheville is listed at $442,000 according to Redfin, so homes are very affordable even though they may be lower than other areas on the list.
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