10 Best Places to Retire

Love the culture and excitement of urban life, but loathe the congestion and cost? One of these 'second cities' could be your first-choice retirement spot.

Colorado Springs, Colo.

retire colorado springs
Colorado Springs offers retirees a bustling downtown with views of Pikes Peak and easy access to the Rocky Mountains.
  • Population: 434,400 (31% over age 50)
  • Housing costs: $210,000 to buy a home
  • Cost of living index: 96 (100 is average)

Colorado Springs pairs a bustling downtown with access to parks, trails, and the Rocky Mountains. The city, which was spared the worst of the recent flooding in the area, is also less congested and expensive than nearby Denver.

Residents have great health care choices, including the University of Colorado's Memorial Hospital, one of the leading cardiovascular hospitals in the country.

Income taxes are a reasonable 4.63% and exclude up to $24,000 in Social Security and other retirement income.

NOTE: Median home price and rent data are from June 2013 to August 2013.
SOURCES: Trulia, the Census Bureau, the Council for Community and Economic Research, MONEY research
  @Money - Last updated October 29 2013 11:26 AM ET
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