These are California's richest retirement towns
LOS ANGELES - When it comes to the richest retirement towns in the U.S., look no further than California to be home to the most cities on the list, according to a study from personal finance website GoBankingRates.
The study ranked America's richest retirement towns with a minimum population of 15,000, of which at least 25% of residents are aged 65 and up,
Southern California's very own Rancho Palos Verdes topped the list as "richest" retirement community, where the average median household income is $166,747. Just under 11,000 seniors live here — the sixth-highest amount of any area in the overall ranking.
Here are the four California cities that made the top 10:
- Rancho Palos Verdes (#1)Median household income: $166,747Percent of population 65+: 26.2%
- Laguna Beach (#6)Median household income: $141,875Percent of population 65+: 28.2%
- Walnut Creek (#9) Median household income: $129,971Percewnt of population 65+: 29.71%
- Cerritos (#10) Median household income: $124,460Percent of population 65+: 25.5%
According to the data, Florida has the second-most rich retirement towns, including Naples and Lakewood Ranch.
To see the full study, tap or click here.