America’s Richest Retirement Towns

As more and more workers are set to retire with 7-figure savings, many may be hunting for the perfect place to spend their twilight years. Now it appears that most are headed for California, as a new study shows the Golden State is home to some of America’s wealthiest retirement towns. Top was Ranchos Palos Verdes, a coastal city south of Los Angeles, where 26% of the population is 65+ and the median household income is $166,747. Retired golf fans are close to the Trump National Golf Club, with views over the ocean. It was followed by Highland Park, just outside of Chicago, where 25% of its population is in later life and the median income is $159,567. The top five was rounded out by Bainbridge Island, Wash.; East Honolulu, HI, and Melville, NY. Each of the three has a typical household income of over $145,000, while those over 65 make up at least 27% of their population. Five cities in the top 20 are located in California, while four were located in Florida. Here's a look at the top 20 richest retirement towns: