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See Where Portland Ranks Among Best Places to Retire

Wednesday, August 16, 2017

 

Is Portland, Oregon a great place to retire? 

According to a recent study completed by WalletHub, Portland ranks 39th out of 150 ranked cities when it comes to best places to retire. 

“After toiling in the workplace for decades, it seems only natural to expect financial security in our golden years. But few of us can look forward to a cushy retirement. According to the Employee Benefit Research Institute’s 2017 Retirement Confidence Survey, six in 10 workers reported feeling at least somewhat confident that they’ll have adequate finances to retire comfortably, but only 18 percent reported a high level of confidence. Nearly four in 10, in fact, have little or no retirement savings whatsoever. Many are even worried about covering basic living expenses once they leave the workforce,” said WalletHub.

Portland's Rankings 

  • 118th Best - Affordability 
  • 15th Best - Activities 
  • 67th Best - Quality of Life 
  • 63rd Best- Healthcare

 

The Rankings 

Portland ranks behind San Diego, California and San Antonio, Texas who rank 37th and 38th respectively.

Portland ranks ahead of Dallas, Texas, and Henderson, Nevada who rank 40th and 41st respectively.

Orlando, Florida is listed as the best place to retire, while Newark, New Jersey is the worst.

The Method

To help Americans find the best cities to spend their golden years, WalletHub’s analysts compared the retirement-friendliness of the 150 most populated U.S. cities across four key dimensions: 1) Affordability, 2) Activities, 3) Quality of Life and 4) Health Care.

They evaluated those dimensions using 40 relevant metrics. Each metric was graded on a 100-point scale, with a score of 100 representing the most favorable conditions for retirement.

Lastly, they determined each city’s weighted average across all metrics to calculate its total score and used the resulting scores to rank-order the cities in our sample.

With cost being a significant factor in retirement, their analysis assumes retirees will rely on a fixed income. The lower their expenses, the better retirees will fare in a particular city.

Affordability – Total Points: 25

  • Adjusted Cost of Living: Triple Weight (~10.71 Points)
  • Taxpayer-Friendliness: Full Weight (~3.57 Points)
  • Retired Taxpayer-Friendliness: Full Weight (~3.57 Points)
  • Annual Cost of In-Home Services: Half Weight (~3.57 Points)
  • Annual Cost of Adult Day Health Care: Full Weight (~3.57 Points)

 

Activities – Total Points: 25

  • Recreation & Senior Centers per Capita*: Full Weight (~2.50 Points)
  • Fishing Facilities per Capita*: Full Weight (~2.50 Points)
  • Golf Courses per Capita*: Full Weight (~2.50 Points)
  • Museums per Capita*: Full Weight (~2.50 Points)
  • Theaters per Capita*: Full Weight (~2.50 Points)
  • Art Galleries per Capita*: Full Weight (~2.50 Points)
  • Music Venues per Capita*: Full Weight (~2.50 Points)
  • Bingo Halls per Capita*: Full Weight (~2.50 Points)
  • Availability of Adult Volunteer Activities: Full Weight (~2.50 Points)
  • Recreation-Friendliness: Full Weight (~2.50 Points)

 

Quality of Life – Total Points: 25

  • Share of Population Aged 65 & Older: Full Weight (~1.79 Points)
  • Elderly-Friendly Labor Market: Full Weight (~1.79 Points)
  • Age-Friendly Community: Full Weight (~1.79 Points)
  • Share of Population Aged 65 & Older Living Below Poverty Level: Full Weight (~1.79 Points)
  • Share of Population Aged 65 & Older Living Alone: Full Weight (~1.79 Points)
  • Walk Score: Full Weight (~1.79 Points)
  • Share of Population Aged 65 to 79 with Poor Transit Access: Full Weight (~1.79 Points)
  • Mild Weather: Double Weight (~3.57 Points)
  • Caring Community: Full Weight (~1.79 Points)
  • Strength of Elder-Abuse Protections: Full Weight (~1.79 Points)
  • Violent-Crime Rate: Full Weight (~1.79 Points)
  • Property Crime Rate: Full Weight (~1.79 Points)
  • Air Quality: Half Weight (~0.89 Points)
  • Water Quality: Half Weight (~0.89 Points)

 

Healthcare – Total Points: 25

  • Family & General Physicians per 10,000 Residents: Full Weight (~2.38 Points)
  • Dentists per 10,000 Residents: Half Weight (~1.19 Points)
  • Nurses per 1,000 Residents: Full Weight (~2.38 Points)
  • Health Care Facilities per Capita: Full Weight (~2.38 Points)
  • Quality of Public Hospital System: Full Weight (~2.38 Points)
  • Top-Rated Geriatrics Hospitals: Full Weight (~2.38 Points)
  • Emotional Health: Full Weight (~2.38 Points)
  • Share of Population Aged 65 & Older with a Disability: Full Weight (~2.38 Points)
  • Home-Care Facilities per Capita: Full Weight (~2.38 Points)
  • Life Expectancy: Full Weight (~2.38 Points)
  • Death Rate of Population Aged 65 & Older: Full Weight (~2.38 Points)
 

Related Slideshow: The 25 Highest Paid Executives of the Wealthiest Non-Profits in Portland

Prev Next

#25

Organization: UNIVERSITY OF WESTERN STATES

Name: Joseph Brimhall

Title: President

Salary: $253,648

Other Compensation: $30,728

Total Compensation: $284,376

Prev Next

#24

Organization: PORTLAND OPERA ASSOCIATION INC

Name: Christopher Mattaliano

Title: General Director

Salary: $289,403

Other Compensation: $12,175

Total Compensation: $301,578

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#23

Organization: OCHIN INC.

Name: Abigal Sears

Title: CEO

Salary: $286,862

Other Compensation: $20,895

Total Compensation: $307,757

Prev Next

#22

Organization: CATLIN GABEL SCHOOL

Name: Lark Palma

Title: Head of School

Salary: $280,000

Other Compensation: $28,494

Total Compensation: $308,494

Prev Next

#21

Organization: PACIFIC NORTHWEST COLLEGE OF ART

Name: Manley Thomas

Title: President

Salary: $303,033

Other Compensation: $32,559

Total Compensation: $335,592

Prev Next

#20

Organization: LEMELSON FOUNDATION

Name: Carol Dahl

Title: Executive Director

Salary: $295,694

Other Compensation: $67,593

Total Compensation: $363,287

Prev Next

#19

Organization: CAREOREGON INC

Name: Patrick J. Curran

Title: CEO

Salary: $341,726

Other Compensation: $34,414

Total Compensation: $376,140

Prev Next

#18

Organization: OREGON COMMUNITY FOUNDATION

Name: Merril M. Williams

Title: President

Salary: $334,978

Other Compensation: $48,230

Total Compensation: $383,208

Prev Next

#17

Organization: MERCY CORPS

Name: Neal Keny-Guyer

Title: CEO

Salary: $310,890

Other Compensation: $75,683

Total Compensation: $386,573

Prev Next

#16

Organization: OREGON PUBLIC BROADCASTING

Name: Steve Bass

Title: President and CEO

Salary: $368,068

Other Compensation: $31,632

Total Compensation: $399,700

Prev Next

#15

Organization: UNIVERSITY OF PORTLAND

Name: William Beauchamp

Title: President

Salary: $312,500

Other Compensation: $88,429

Total Compensation: $400,929

Prev Next

#14

Organization: FAMILYCARE INC

Name: Jeff Heatherington

Title: President and CEO

Salary: $401,815

Other Compensation: $14,559

Total Compensation: $416,374

Prev Next

#13

Organization: NORTHWEST EVALUATION ASSOCIATION

Name: Jeff Heatherington

Title: President and CEO

Salary: $361,378

Other Compensation: $62,389

Total Compensation: $423,767

Prev Next

#12

Organization: LEWIS AND CLARK COLLEGE

Name: Barry Glassner

Title: President

Salary: $399,117

Other Compensation: $70,011

Total Compensation: $469,128

Prev Next

#11

Organization: OREGON HEALTH AND SCIENCE UNIVERSITY FOUNDATION

Name: Keith Todd

Title: President

Salary: $405,508

Other Compensation: $64,640

Total Compensation: $470,148

Prev Next

#10

Organization: MULTNOMAH ATHLETIC CLUB

Name: Norman Rich

Title: General Manager

Salary: $479,335

Other Compensation: $33,003

Total Compensation: $512,338

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#9

Organization: MEYER MEMORIAL TRUST

Name: Doug Stamm

Title: CEO

Salary: $425,000

Other Compensation: $134,125

Total Compensation: $559,125

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#8

Organization: LEGACY EMANUEL HOSPITAL AND HEALTH CENTER

Name: Lori J. Morgan

Title: CAO

Salary: $570,268

Other Compensation: $76,896

Total Compensation: $647,164

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#7

Organization: PACIFIC NORTHWEST GENERATING COOPERATIVE

Name: John P. Prescott

Title: President and CEO

Salary: $387,291

Other Compensation: $391,278

Total Compensation: $778,569

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#6

Organization: LEGACY GOOD SAMARITAN HOSPITAL AND MEDICAL CENTER PAYROLL DEPT

Name: Everett Newcomb III

Title: President

Salary: $554,392

Other Compensation: $323,602

Total Compensation: $877,994

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#5

Organization: GOODWILL INDUSTRIES OF THE COLUMBIA WILLAMETTE

Name: Michael Miller

Title: President

Salary: $684,624

Other Compensation: $215,392

Total Compensation: $900,016

Prev Next

#4

Organization: DOERNBECHER CHILDRENS HOSPITAL FOUNDATION

Name: Joseph E. Robertson

Title: Director

Salary: $1,268,247

Other Compensation: $357,686

Total Compensation: $1,625,933

Prev Next

#3

Organization: LEGACY HEALTH

Name: George J. Brown

Title: President and CEO

Salary: $1,450,450

Other Compensation: $381,386

Total Compensation: $1,831,836

Prev Next

#2

Organization: PROVIDENCE HEALTH PLAN

Name: David Underriner

Title: CEO

Salary: $2,910,696

Other Compensation: $106,590

Total Compensation: $3,017,286

Prev Next

#1

Organization: OREGON DENTAL SERVICE

Name: David Underriner

Title: CEO

Salary: $2,910,696

Other Compensation: $106,590

Total Compensation: $3,017,286

 
 

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