Anyone looking for the perfect spot to enjoy their retirement should put Paoli on their list, as the Chester County town is in the top ten places to retire in Pennsylvania, according to a recently published report by personal financial technology company SmartAsset, writes Philadelphia Business Journal.
To find the best places to retire, SmartAsset collected data on three factors that affect retirees’ quality of life including local and state taxes, medical care, and recreational/social opportunities. Paoli ranked eighth on the list, achieving a SmartAsset Best Places to Retire Index of 43.47.
The town, with a population of around 6,000, has a combined tax rate of both income and sales taxes of 16.4 percent. Paoli also boasts 13.3 doctor’s offices and 0.7 Recreation Centers, and 0.2 Retirement Centers per 1,000 people. The percentage of seniors in the town is currently at 22.5 percent.
In addition to the overall list, SmartAsset provided a ranking based on three main categories. This shows that Paoli came second for medical care and fifth in taxes. However, the town did not break into the top ten for recreational/social opportunities.
Read more about the ranking at Philadelphia Business Journal here.