Photo courtesy of the Carbon County Office of Tourism
New data from SmartAssest has ranked Price City as the second best place to retire in Utah, just behind Park City.
SmartAsset, a personal finance technology company, gathered data on three separate regional factors that affect the quality of life for retirees. After compiling the data, Price found itself near the top of the list
“First, we looked at state and local tax rates, considering two types of taxes: income and sales,” SmartAssest shared. “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.”
Next, SmartAssest determined the number of doctors’ offices, recreation centers and retirement centers per thousand residents in each area before finding the number of seniors in each area as a percentage of the total population.
“In our final analysis, we ranked each county and city on these three factors, and calculated an average ranking for each area, weighting the three factors equally,” SmartAssest explained. “The areas with the lowest average ranking are the best places to retire.”
Park City took the top spot, immediately followed by Price and Nephi. Salt Lake City and Bountiful rounded out the top five.
For information on the top ten places to retire in Utah, see the chart below or visit www.smartassest.com.
