One of the Best Places to Retire in 2024

Choosing the perfect place to retire is a major decision, and in 2024, WalletHub has made that choice a little easier. They ranked the top retirement destinations in the U.S., and Virginia Beach earned a spot among the best, at #30. But what makes this coastal city stand out?

WalletHub’s Methodology

WalletHub’s rankings are based on key factors that matter most to retirees, including affordability, access to healthcare, activities, and overall quality of life. Cities that scored highly in these categories provide a solid foundation for a fulfilling retirement. So, how did Virginia Beach fare?

The city’s performance across the board made it a top contender, offering the perfect balance of cost, lifestyle, and amenities that retirees seek. Let’s dive into the specific reasons why Virginia Beach earned its high ranking.

While retiring by the beach might seem like a luxury, Virginia Beach manages to combine the perks of coastal living with a relatively affordable cost of living. Housing costs are more manageable compared to other popular beach destinations like Florida or California. Plus, the city’s property taxes are lower than many other parts of the country, making it easier to maintain your home during retirement.

Whether you’re looking to downsize to a condo or enjoy the comfort of a single-family home, Virginia Beach offers a variety of housing options that cater to retirees at different budget levels. This affordability is a key reason so many retirees are choosing Virginia Beach.

Healthcare is a major consideration for retirees, and Virginia Beach delivers in this area as well. The city is home to top-tier hospitals and medical centers, including Sentara Virginia Beach General Hospital and access to other facilities in the Hampton Roads region.

Additionally, Virginia Beach’s proximity to world-renowned healthcare institutions like Sentara Norfolk General and the EVMS (Eastern Virginia Medical School) ensures that retirees have access to specialized care when needed. The combination of local resources and access to larger nearby medical facilities provides peace of mind for retirees.

Staying active and engaged is essential to a happy retirement, and Virginia Beach offers endless recreational opportunities. With miles of coastline, retirees can enjoy daily walks along the shore, swim in the Atlantic, or simply relax and enjoy the ocean views. Beyond the beach, there are plenty of parks, walking trails, and outdoor spaces perfect for staying fit and enjoying nature.

For those looking for more than outdoor activities, Virginia Beach also has a rich cultural scene. From concerts and live performances at the Sandler Center to exhibits at the Virginia Museum of Contemporary Art, there’s no shortage of things to do. Many retirees also enjoy the thriving local dining scene and farmers’ markets.

One of Virginia Beach’s biggest draws is its mild climate. While it experiences all four seasons, winters are typically mild compared to northern states, making it easier for retirees to stay active year-round. Summers offer the perfect time to take advantage of the beach, and spring and fall provide pleasant weather for outdoor activities without the heat.

Living by the water brings its own perks, too. Whether it’s fresh seafood, boat outings, or simply enjoying the calming atmosphere of the ocean, the coastal lifestyle in Virginia Beach is hard to beat.

Virginia Beach has consistently been recognized as one of the safest large cities in the U.S., and for retirees, safety is often a top priority. The city’s low crime rate and well-maintained public spaces make it a great place to relax and feel secure.

Beyond safety, the community in Virginia Beach is warm and welcoming. Retirees can find numerous senior clubs, activities, and events designed for socializing and staying active. Whether you want to join a walking group, take up a new hobby, or volunteer, Virginia Beach has a vibrant senior community that makes it easy to stay connected.

Virginia Beach’s location also makes it an appealing retirement destination. It’s part of the Hampton Roads region, which offers the benefits of a larger metropolitan area while still maintaining a laid-back coastal vibe. For retirees with family in nearby cities like Norfolk, Chesapeake, or even Richmond, the drive is short, making it easy to visit loved ones.

Virginia Beach is also within driving distance of Washington, D.C., and has access to major airports, making travel convenient for retirees looking to explore new destinations or visit family farther away.

Virginia Beach’s spot on WalletHub’s list of the best places to retire is well-deserved. With its combination of affordability, access to healthcare, recreational opportunities, a mild climate, and a strong sense of community, it’s easy to see why so many retirees are calling this coastal city home. Whether you’re looking to stay active, enjoy nature, or simply relax in a safe and welcoming environment, Virginia Beach has something for every retiree.

If you’re considering a new place to call home in retirement, Virginia Beach just might be the perfect fit.