Top 5 Best Places to Retire in the US

CNN Money Magazine recently released their top places to retire in the US. Taking into consideration factors such as cost of living, real estate prices along with activities, including going back to college, this is a great list not just for those of you who are planning a retirement, but for anyone who's interested in a change of pace. Here are the top 5 places to retire.

1. Durham, North Carolina: With a population of just over 220,000, Durham is a haven for retirees. Duke University offers over the Osher Lifelong Learning Institute where seniors can enroll in over 100 courses for free. Course topics range from James Joyce's Ulysses to Geopolitics of the Middle East. They also offer social activities such as ballroom dancing, book groups and language clubs. The town itself offers affordable housing options with an average home price of $163,000.

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2. Hanover, New Hampshire: Like Durham, Hanover has Dartmouth College, which also offers retirees the opportunity to attend classes. Real estate prices are quite a bit higher than Durham (median price is $400,000), however, outlying regions are much more affordable and commutable to downtown. It's also an outdoor enthusiasts dream, with five ski hills in the area, plus hiking and kayaking in the summer.

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3. Lexington, Kentucky: Home to the University of Kentucky, retirees over 65 are invited to fill empty seats in regular courses for free - a tradition that's been running for more than 45 years. Plus, the Osher Lifelong Learning Institute also runs a program at the University of Kentucky for people over 50, offering less, but similar courses as Duke. Along with being close to all-things horses, including Churchill Downs, housing prices in Lexington are affordable with the median house price $144,000.

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4. Prescott, Arizona: With another lifelong learning institute, Yavapai College in Prescott offers year-round courses for retirees. Prescott also sits 5400 feet above sea-level which ensures a moderate temperature, lots of sun and four distinct seasons. It's a great place for hikers, golfers and people who just enjoy lots of sunshine. Prescott National Forest is nearby with over 650 trails, plus nearby lakes offer canoeing and boating opportunities as well.

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5. Bellingham, Washington: Western Washington University also offers lifelong learning courses with everything from Human Rights in International Law to the Biology of Aging. Bellingham is also known for its mild climate where year-round sailing is an option. Housing prices are fairly affordable and with a short commute to both Vancouver, BC and Seattle, there are lots of options for those who want access to a larger urban area. Plus, Washington is an income tax-free state - what's not to like?