Real Estate
Rancho Palos Verdes Named Richest Retirement Town In U.S.
With a median income of more than $160,000, Rancho Palos Verdes topped the list of richest retirement towns in America.
RANCHO PALOS VERDES, CA — Rancho Palos Verdes was named the richest retirement community in the nation according to a study from Go Banking Rates.
According to the study, 26.2 percent of the city's population is 65 years of age or older and the median household income is $166,747.
To determine the results of the study. Go Banking Rates looked at all U.S. cities with a population of over 15,000 and a population of people aged 65 years of age and older over 25 percent. The study was narrowed down to 131 cities and the median household incomes in those cities were compared.
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"All data was found within the 2022 American Community Survey as conducted by the U.S. Census Bureau," the study's creators said.
California boasted the largest amount of rich retirement towns on the list with Laguna Beach, Walnut Creek, Cerritos and Novato adding to the total of five. Florida had the second-most rich retirement towns with four cities making the list.
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