Forbes ranks Rochester as one of the country's best places to retire
(THE MED CITY BEAT) - For the first time ever, Rochester has made Forbes Magazine's list of the 25 Best Places to Retire.
Nearly 500 cities from all 50 states and the District of Columbia were evaluated for the study. Forbes based its rankings using factors like the cost of living, weather and crime rate. Economic factors were given the most weight.
Rochester, Minnesota, is new to our list of the best places to retire: http://t.co/4KLR2BKAOM pic.twitter.com/CfbAbslFUv
— Forbes (@Forbes) March 19, 2015
Most of the picks were in climates considered warm or moderate. Only two cities from the Upper Midwest — Rochester and Fargo, North Dakota — made this year's list. Fargo has ranked in the top 25 each of the past five years.
So why Rochester? Forbes touts the Mayo Clinic's presence, which puts the city at the top of the list for doctors per capita. The report also notes that Rochester has a low serious crime rate and a reasonable cost of living.
As for the drawbacks: Forbes says the city has a poor tax climate, cold winters and a low "walkability" index.
Last November, the Milken Institute ranked Rochester number seven on its list of the Best Cities for Successful Aging (smaller metros).
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