Ann Arbor named one of the happiest places to retire in 2024

ANN ARBOR, Mich. – Retirees in Tree Town are some of the happiest in the country, according to a new report by SoFi.

The finance website recently released its “Happiest Places to Retire in the US in 2024″ list. Ann Arbor came in third place thanks to easy access to healthcare and lower prices.

To make its list, SoFi looked at the two hundred largest metropolitan statistical areas in the country and compared 13 ranking factors including cost of living, social networks, healthcare, housing, income and community networks.

Data was pulled from the U.S. Census Bureau, the Sharecare Community Well-Being Index, Tax Foundation and Sperling’s Best Places, among others.

Although third on the list, Ann Arbor had the lowest tax burden for retirees out of the top 20 happiest cities.

It received a total score of 61.40, a social rank of 64, a financial rank of 14 and 1 for its health ranking.

This is what SoFi officials had to say:

“Want to enjoy city life without the high prices? Ann Arbor, a college town, has plenty of big city amenities at an affordable price point. Another draw for retirees: Ann Arbor residents enjoy the highest level of healthcare access of the cities on our list, and ranks #1 for health overall.”

Here are the top 10 cities:

1. Barnstable, Massachusetts
2. Naples, Florida
3. Ann Arbor, Michigan
4. Durham, North Carolina
5. Boulder, Colorado
6. North Port, Florida
7. Olympia, Washington
8. San Jose, California
9. San Luis Obispo, California
10. Madison, Wisconsin

Take a look at the methodology here.