Milford Lands High On Best Places To Retire List

MILFORD, CT — While New Englanders stereotypically head south for retirement, one new study suggests maybe they should stick around.

Milford landed at No. 3 on a list of the best places for retirement for the upper-middle class. The list comes from GoBankingRates.

The study used the Pew Research Center's definition of the middle class, which has "upper-middle class" as those with the top third of that income bracket at $120,896 to $155,438.

The analysis examined those communities with higher than the national average percentage of the population ages 65 and over, which is 16.8 percent.

The top town is another Northeastern locale in Dover, New Hampshire.

Factors that influenced the rankings included population ages 65 and over, average single family home value, average monthly mortgage, annual cost of living comfortably, and livability score.

The analysis provided the following data for Milford:

• Annual cost of living comfortably: $127,612
• Population 65+: 21.3 percent
• Livability score: 88
• Single family average home value: $530,266
• Average monthly mortgage: $3,057

Unsurprisingly, 10 of the top 50 towns are in Florida. But Illinois also fared well with seven of the top 50.

Another Connecticut town, Shelton, also landed on the list at No. 43.

Here's the full top 10:

1. Dover, New Hampshire
2. Laguna Woods, California
3. Milford, Connecticut
4. Ashland, Oregon
5. Wheaton, Illinois
6. Coconut Creek, Florida
7. Coeur d'Alene, Idaho
8. Portland, Maine
9. Arlington Heights, Illinois
10. Royal Palm Beach, Florida

Check out the full list at GoBankingRates.com.

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