Personal finance portal SmartAsset ranks Sunshine State cities.
Another day, another Top 10 listing for a city in Southwest Florida as one of the best places to retire.
The online personal finance portal SmartAsset — basing its findings on tax-friendliness, medical care and social life — had Venice at No. 8 and Sarasota at No. 9 of its “Best Places to Retire in Florida.”
Topping the list was Naples.
SmartAsset looked at factors like tax rates and how many doctors’ offices, recreation centers and retirements centers there were per 1,000 people — as well as the percentage of seniors in each market — to come to its conclusion through the “Best Place to Retire Index.”
The portal said it “looked at state and local tax rates, considering two types of taxes: income and sales.”
“We calculated effective rates based on a typical retiree earning $35,000 annually (from retirement savings, Social Security or part-time employment) and spending their disposable income on taxable goods.”
Venice scored a 14.6 percent tax rate. It had 6.7 doctors offices per 1,000 residents, 1.3 recreation centers per 1,000 and 0.6 retirements centers per 1,000. It percentage of seniors came in at 61.1 percent — for a total index of 56.27.
Meanwhile, Sarasota also scored a 14.6 percent tax rate. It had 12.2 doctors offices per 1,000 residents, 3.1 recreation centers per 1,000 and 0.6 retirements centers per 1,000. It percentage of seniors came in at 26.5 percent — for a total index of 53.60.
Looks like the senior percentage was Venice’s edge.
Sun City Center came in at No. 10, even with its 73.7 percent senior population, the list’s highest.