With its sunny weather, cool winters, and beautiful desert landscapes, it’s not hard to understand why Arizona has become a landing pad for many retirees to spend their winters or enjoy full-time.
The Grand Canyon State is jam-packed with diverse retiree communities that vary by location, amenities and income level. And while there are plenty of affordable retirement cities in Arizona, the state is also home to some of the richest.
According to a study by the financial site GOBankingRates, three Arizona cities — including two Phoenix suburbs — are among the top 50 richest retirement communities in the country. The financial planning company analyzed cities with populations of at least 15,000 people, at least 25% of whom are aged 65 or older. To determine its rankings, the site uses the median household income for each city and the average retirement income for households that receive it. It also uses a livability index based on Zillow and U.S. Census data…