13 Richest Retirement Towns in California
California hosts some of the richest retirement towns in America, with 13 of the 50 richest retirement towns being located within the state. The top-ranked city is Saratoga, where the median household income is $241,348, followed by other affluent cities like Los Altos Hills and Palo Alto. These cities offer a high quality of life, excellent schools, and access to top-notch healthcare facilities, attracting retirees from across the country.
- The affluence of these retirement towns may be attributed to their strategic locations near Silicon Valley, which has driven growth in the tech industry and created lucrative job opportunities for residents.
- Will the increasing costs of living in these affluent areas impact the affordability of housing and services for retirees, potentially affecting their overall quality of life?