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Providence Ranked #66 Best City in US for Seniors

Thursday, August 02, 2012

 

How good is the good life for Providence's seniors? A new analysis from the Milken Institute takes a close look. Photo: Mood Board Photography.

Providence has been named the #66 city in the US for seniors, according to the latest Best Cities for Successful Aging Index from the Milken Institute. The index assesses 78 indicators in 8 subcategories to derive its rankings, which were released this week.

"There have been aging rankings before, often based on opinion and speculation, or focused on a limited aspect of aging," according to the Institute's introduction to its rankings. "But the Milken Institute's data-driven approach represents a deeper level of analysis."

What makes a city good for seniors?

The Best Cities for Successful Aging methodology derived from the following outcomes for senior citizens:

  • We want to live in places that are safe, affordable, and comfortable.
  • We want to be healthy and happy.
  • We want to be financially secure and part of an economy that enables opportunity and entrepreneurship.
  • We want living arrangements that suit our needs.
  • We want mobility and access to convenient transportation systems that get us where we want and need to go.
  • We want to be respected for our wisdom and experience; to be physically, intellectually, and culturally enriched; and to be connected to our families, friends, and communities.


An overview of Providence's performance on the Best Cities for Successful Aging Index's 8 subcategories. Image: Milken Institute.

Under each of these subcategories (general indicators, health care, wellness, living arrangements, transportation/ convenience, financial well-being, employment/education, and community engagement), researchers collected and analyzed data from 78 indicators that included cost of living, employment growth, healthcare and wellness indicators, taxes, housing costs, commuting times, volunteerism… even the number of grocery stores.

After all the number crunching, Providence emerged with an index score of 89.52, placing it at #66 among the 100 large metropolitan areas ranked. Among older seniors (age 80+), the city did even more poorly: ranking #77 with a score of 89.91. Among younger seniors (ages 65-79), Providence dropped to an overall ranking of #78, with a score of 86.73. The greater Providence metropolitan area has 229,760 seniors, comprising 14.35% of the population.

Where Providence did best

Among the 8 subcategories, Providence posted its best performance by far in Community Engagement, ranking #8 overall, with a score of 91.91, 21 points above the national average for large metros. The city's Community Engagement ranking was driven by high scores in funding for seniors and number of YMCAs (both #1 in the national group), number of public libraries (#17) and number of museums and cultural sites (#18).

Providence also ranked relatively well on Transportation issues for seniors (#16), with its best performance in this subcategory on investment in public/senior transportation (#5). The capital city ranked #20 for Wellness indicators, ranking #4 for numbers of golf courses, marinas and bowling sites, number of fitness centers, and percentage of older Americans with no physical activity.

Providence did poorest relative to other large metropolitan areas on the Index's Financial indicators, ranking #95 with a score of 68.59, which was more than 10 points below the group's average. The city showed poorly on index growth of small businesses from 2004-2009 (#89), tax burden (#88), and number of banks and financial institutions (#82).

National leaders

The best large metro in the country was Provo-Orem, UT, followed by Madison, WI (#2), Omaha-Council Bluffs, NE/-IA (#3), Boston-Cambridge-Quincy (#4), and New York metro area at #5. Outpacing Providence in New England were the Bridgeport-Stamford-Norwalk metro area (ranked #17), Hartford at #29, New Haven at #56, and Worcester, MA at #62.

For all of Providence's rankings, go here.

For more Lifestyle coverage, don't miss GoLocalTV, fresh every day at 4pm and on demand 24/7, here.

 

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Comments:

Bill Johnston

If you have a pension, don't live here.

Michael Trenn

looks like the Demmies are falling down on the job. Time for a change. put a couple of Republicans in. that will get their attention. As one of Nixon's henchmen once said "When you have them by the b---s, their hearts and minds will follow."

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Harold Stassen

66th best in the country, now that's worthy of a headline.....not.

David Beagle

Where is the demarcation line seperating the "best" from the "worst"?

Linda Rossi

What a joke and everyone I know who has a pension lives in another state. RI supports all of the other states.

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Although man's companion has become his doggy, the diploma to which often man includes rewarded which friendship has oftentimes gotten beyond control.Evidence to compliment that statement come in the diet we provide our domestic pets, the "attire" we place on their shells, the necklaces with which will we enhance them, the amenities we offer in their own surroundings additionally, the provisions we make their short-term care once we absolutely ought to leave them all behind.In case necessary, many of us send "Rover" to help you counseling classes with pet psychologists, provide outrageously expensive dental hygiene, clip/wash/curl their particular hair and be sure their finger nails are done if you want not in order to embarrass them looking at their associates.



How many people have wasted a stressed night considering "Missy", each of our pug encountered Pekinese, can't manage to get comfortable in your bed or maybe "Bull", each of our six oz .Chihuahua, growls along with snaps during us if we roll in excess of on the pup.Yes, for anybody that will be disbelievers, a lot of people do promote their beds using doggies.The truth is, I've got word of many circumstances where married couples sleep apart in lieu of crowd your adorable puppy.Have an individual ever tried using to argue along with a sleepy Doberman Pincher? Overlook it!



A growing and worthwhile industry has exploded up throughout the pampered dog.Pet masters spend multi-millions on a yearly basis on ones own little four-legged buddies.Occasionally this news media will give you a blurb within the pet user who invested hundreds, even lots of money on any diamond studded pet collar to get "Fluffy." However, this phenomenon is definitely rather prevalent.Pick in the "Yellow Pages" in different city might find scads with pet salons offering expensive dog jewelry as well as accessories.And just because you've visited the expense of getting that ruby red jacket, with corresponding rubies, pertaining to "Fifi", don't believe your obligation are actually fulfilled.If "Fifi" can't have a very gold rimmed serving bowl, similar to her acquaintances have, she'll certainly have for you to double high on her sessions sessions.The expense about this could simply exceed the price tag on the dish.



Now you should get into diet - so what can we feast "Prince", your proud Rottweiler? In truth, Prince isn't that fond involving dry k9 food.He'll eat several of it, but as long as mixed with a bit of that great tasting lamb gravy your dog likes.Along with, just like many people, he adores light fare inside mornings; perhaps a number of scrambled eggs and just a cut or a few of bacon.Careful to never overfeed nonetheless; he loves his the afternoon meal of broiled hard working liver at simply 12 midday.No need to generate a big fascination about food though, he'll often eat a number of (or most) connected with whatever it can be that you are having.



This dilemma might involve a slight stretch, but that is certainly not past an acceptable limit fetched.We be troubled more by what our dogs and cats will have, or in case they're "off its feed", than we bother about what our children eat.I ask yourself how it can be we know our children will eat if they get hungry, but most people can't accept until this truism might sign up for our most dogs too.We come to feel compelled to remain to provide our dogs even a full menu where to select if all as well fails, it's time for it to schedule a visit to this Vet.



Speaking connected with Veterinarians - many now provide direct deposit and also speed settings entire paycheck is often directed directly into their company accounts.Veterinary charges have experienced the roof top and there is not any end with the elaborate surgical procedures now becoming provided repeatedly.A close friend who bellyached designed for months about the price tag on dental home appliances (braces) with regard to his child willingly shelled away $2500 to refurbish his dog's overbite considering "Tiger" were in irritation when eating on the rawhide cuboid.



Seeing that we've certainly established we spoil your dogs, let's give you a word or perhaps two in your own defensive.Dogs enjoy us without the need of reservation.Scold these people, treat and then meanly, tease these people, leave these individuals for long periods of time or overlook to give food to them and they're going to still adore you as well as want only to be near you.Throughout record, dogs contain given their particular lives because of their masters."Police" most dogs will deal with an television attacker to safeguard their handler as well as "Seeing Eye" canines will danger death or injury to steer ones own Charge removed from a exceeding the speed limit car.A dog's love due to the master will be pure in addition to unquestioning.Many people feel, they deserve the many pampering they might get.



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Corporations, authorities, and municipalities borrow funds by issuing bonds to purchase to common people.Companies quite often need added monies to be able to expand their particular business, even while governments will need money just for infrastructure.And like other loan, the bondholders usually are paid home finance loan on your money.And even, generally communicating, at the conclusion of a term, the borrower may need to pay back the face area amount of the particular loan.For the purposes the following, we can concentrate about municipal bonds, which really are highly popular there isn't any apparent exemption coming from some or even all taxation.



Interest earnings received by way of holders from municipal bonds is oftentimes exempt within the federal income tax and on the income tax with the state wherein they happen to be issued, although city and county bonds issued beyond doubt purposes most likely is not tax exempt.Then again, if you get a municipal bond via another investor within the secondary market unlike buying directly from issuer around the primary promote, at any discount to make sure you its skin value, you certainly will owe money gains taxes over the increase within principal you may receive in the event the bond might be redeemed.Money gains tax at a long-term acquire is 15% (selling the security just after holding it again for no less than 1 year is mostly a long-term gain), whereas this tax at a short-term acquire is 35% (selling right after holding the security pertaining to 1 year).The eye is commonly still expempt coming from federal or perhaps state taxes, unless any bond possesses specific procedures that state otherwise.



As a result, if you may buy a fabulous municipal come together, or virtually any bond even, that had been issued to some other individual, you need to view the price with the bond in accordance with its face value to see what the actual yield to help maturity is going to be.The deliver to maturity figure that might be in some newspaper in a certain bond will not consider the tax consequences which will be generated as soon as the bond is usually redeemed.As a result, you ought to figure on the taxes on your own capital positive aspects when determining the yield at a bond that have been purchased with a discount.The strangest thing a couple of bond, unlike a inventory, is if you choose the bond for a premium (more compared to a face value), upon redemption you should not claim a fabulous capital deprivation.This looks like paradoxical, to create lost money over the purchase, however still is not going to count being a loss.



A really perplexing facet of municipal bonds is named the de minimus taxes rule.This guideline asserts if you try to find a bond during a discount add up to or regarding green quarter point per annum until maturity, then as a substitute for paying a fabulous capital acquires tax over the increase within principal, you certainly will pay taxes akin to your ordinary income tax.For numerous investors, this will be troublesome, because frequently bonds are usually held for regarding green year before they are redeemed at any rate, so whatever gains attained on reduced issues are almost always subject for the 15% long-term investment gains income tax.But, due to their de minimus law, even for people with held any bond for greater than 1 12 months, and that matures, generally if the discount was 1 / 4 point annually until maturity, then you will want to pay tax, which could be 35% when you fall on the highest income tax bracket.



Usually, not only are definitely the gains around the principal taxed, nevertheless interest income are usually federally taxable at the same time, depending upon the case.If government entities determines that your money raised from your sale of any certain city issue is now being used for whatever falls outdoors their meaning of city and county use, they likely might subject the eye to federal government taxes.Moreover, if the amount of money being raised because of the sale for the bond will be used for a thing that relates to municipal advancements, but is that it is used to finance the activities from the private corporation to produce those design changes, then the interest income may very well be subject in order to federal taxes in such cases.



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