Forbes: Lauderdale, MN a Top Suburb for Retirement
Looking to hang up your work boots and sip margaritas on a beach? Assuming you can retire given the current state of the economy, Lauderdale, Minnesota may be for you.
Despite the lack of beaches and winter rays, Lauderdale made a just-released Forbes list of the “25 Top Suburbs for Retirement.”
Forbes compiled the list using a variety of factors, including: distance from the “big city,” average home price, cost of living and tax climate, location of hospitals and higher education institutions, crime rates, air quality, and proximity to mass transit.
Lauderdale, which sits on less than half a square mile, boasts a population of just over 2,200. The north metro suburb is 10 minutes from downtown Minneapolis and St. Paul, and will be located only two miles from a Central Corridor light-rail stop when construction is completed and the line begins transporting passengers in 2014. In addition, the average home price in Lauderdale is below $200,000.
The Forbes article credits nearby hospitals and colleges and the area's low crime rate for Lauderdale's placement on the list. However, the city's cost of living is 15 percent above the national average.
Other Midwest suburbs that made the list were Naperville, Illinois; Munster, Indiana; and Fishers, Indiana. Texas was most heavily represented on the Forbes list, with three of the top 25 suburbs for retirement located in the southern state.
To see the complete Forbes list of the “25 Top Suburbs for Retirement,” click here.