The Best Places to Retire in the Midwest

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The Midwest is full of great and affordable places to retire.

Although the Midwest doesn’t pop up on many baby boomers’ radars as the ideal retirement destination, recent studies have shown that states in the Midwest are the most popular in the country for retirees due to their financial stability, access to healthcare, affordable housing, and overall quality of life.

According to a report from LPL Financial, Nebraska was ranked as the top Midwest state for retirees. Other Midwest gems that followed after Nebraska included Michigan, Minnesota, South Dakota, and Wyoming. Read on below to see why these Midwest states are great places for retirement.

1. Nebraska

Surprisingly, Nebraska scored a high grade on LPL Financial’s report, making it the most desirable state in the Midwest for retirees. While Nebraska doesn’t offer tropical weather and sunny climate all year, the state does offer financial stability as well as a high quality of life, which are two important factors that retirees look for in a retirement destination.

Omaha

As Nebraska’s largest city, Omaha presents residents with plenty of Midwestern charm and a variety of entertainment options. Residents of Omaha admire the 19th century architecture in the city’s Old Market neighborhood. The area is home to several boutiques and restaurants, and hosts several events throughout the year. The city also features museums like the Durham Museum and the Joslyn Art Museum.

The Bob Kerrey Pedestrian Bridge is a popular destination for a stroll or bike ride in Omaha due to its scenic views overlooking the Missouri River. Nearby, the Plaza hosts live music events during the warmer months. The number of parks and lakes scattered throughout the city provide residents with plenty of opportunities to enjoy outdoor activities.

2. Minnesota

Minnesota came in third due to its high marks in the financial, healthcare, quality of life, employment, education, and wellness categories. Although Minnesota is known for harsh winters, the state makes up for it by offering retirees affordable housing, a friendly atmosphere, endless outdoor recreation, and natural beauty.

Retirement-friendly cities around the Minneapolis area offer a variety of entertainment, culture, and attractions as well.

Minneapolis

Minneapolis features several serene lakes and parks that allow activities like canoeing and kayaking, offering active adults plenty of opportunity for outdoor recreation. Residents seeking a natural escape can take a stroll or bike ride in Minnehaha Park, which is home to the astounding Minnehaha Falls.

Minneapolis is decorated with many art museums, including the Minneapolis Institute of Art, Weisman Art Museum, and Walker Art Center. Getting around the city is easy with transit widely available, and travel is easy with the Minneapolis-St. Paul Airport just a short distance away from the city. The city also features a riverwalk which is close to a variety of entertainment options.

Minneapolis Retirement Communities

Can you spot the $207,744 difference between these identical homes?

Financing is the difference!

Get the details in The 62+ Loan Homebuyers Guide.

55places Mortgage is a joint venture between Mutual of Omaha Mortgage and 55places.com.
Details here.

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I agree that 55places and its affiliates, partner providers or agents may call, text, or email me about my inquiry, which may be made with automated means. I understand that my consent is not a prerequisite for buying a property. I may revoke my consent at any time by contacting optout@55places.com. Message/data rates may apply. I also agree to 55places.com’s Privacy Policy and Terms of Use.

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