Market Update June 30, 2021

GIG HARBOR RANKS TOP 4 IN PLACES TO RETIRE IN ALL OF US – SMART ASSET

Lucky you!

Smart Asset recently released it’s top 10 places to retire in the US. Just two west coast cities made the cut: Beverley Hills, CA and Gig Harbor!

Smart Asset’s top three criteria they analyzed were tax-friendliness, medical care and social opportunities to rank cities. Why these three in particular? These factors are believed to lead to the best quality of life in retirement. Using an average income of $35,000 per year – earned from part-time work, pension plan, and government funds – disposable income was calculated.

Senior amenities of doctor’s offices, rec centers and retirement centers were calculated per 1000 people. Lastly, population demographics were examined, in this case what percentage of Gig Harbor’s population are retirees.

Here are the stats that catapulted Gig Harbor into the top 5!

• Tax Burden: 15.3%
• Dr. Offices: 11.8
• Rec Centers: 3.2
• Retirement centers: 1.9
• Senior Population: 24.6%