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Durham, North Carolina, named best place to retire

Durham, North Carolina, came in first for retirement locations.

Durham, North Carolina, came in first for retirement locations.

Many people consider relocation as they retire - moving to find a place to relax, take up a hobby or find a better financial environment. According to a ranking by Money Magazine, the top city in the country for retirees is Durham, North Carolina.

The publication said that the city's affordable housing prices, attractive parks and golf courses and growing cultural and theater programs make it a popular spot for people moving in search of a wide range of activities.

The influence of Duke University also made a significant impact on the city's ranking. In addition to Duke's well-known medical program, the magazine says that the school's senior learning program - for those looking to use their spare time to learn - is one of the largest of any school nationwide.

Hanover, New Hampshire - helped by the state's lack of an income tax - finished second, while Lexington, Kentucky came in third.

The rankings showed a significant turnover compared to last year, with none of the top six cities staying near the top of the list. Last year, the publication ranked Port Charlotte, Florida and Palm Springs, California at the top of the list for moving retirees.ADNFCR-3450-ID-19938868-ADNFCR