Scranton Named in U.S. News & World Report’s 2024 Best Places to Retire

U.S. News & World Report, the global authority in retirement rankings and consumer advice, has named Scranton as one of the 2024 Best Places to Retire. Scranton ranks 4th in the overall rankings.

“It’s gratifying to have U.S. News confirm what we here in Scranton know – this is a welcoming, nurturing community with housing options that are more achievable than most other places,” said Mayor Paige G. Cognetti. “We’re honored to be named a ‘Best Place to Retire’ and will keep working hard to offer even more value to existing and new residents.”

This year’s list evaluated the country’s 150 most populous metropolitan areas based on how well they meet Americans’ expectations for retirement, with measures including affordability, health care, desirability, and overall happiness.

“The decision of where to spend your retirement years requires much consideration for many retirees,” says Beverly Harzog, personal finance expert at U.S. News. “The Best Places to Retire rankings provides support to retirees by highlighting places that most meet their wants and needs.”

The six measures factored into this year’s rankings were weighted based on a public survey of individuals across the U.S. who are at or approaching retirement age (45 and older) to find out what matters most to people when they’re considering where to retire. Data sources include the U.S. Census Bureau, FEMA National Risk Index, the Federal Bureau of Investigation, the Bureau of Labor Statistics, Sharecare and U.S. News’ Best Hospitals rankings.

This year, affordability is most heavily weighted out of the six factors in the 2024 Best Places to Retire methodology, including happiness, health care quality, retiree taxes, desirability, and job market ratings.

City of Scranton to Present $339,000 in Loan to Grant Awards

Scranton Mayor Paige G. Cognetti is announcing $339,000 in HUD (CDBG) funds for the development of three Scranton-based small businesses.

WHAT: Members of the media are invited to a press conference including Mayor Cognetti and multiple grant recipients.

WHEN: Friday, October 27, 2023, at 3 p.m.

WHERE: Mutant Brewing, 121 N. Washington Avenue, Scranton, PA 18503

WHY: New Scranton businesses applied for funding through the Loan to Grant Program through the City of Scranton’s Office of Economic and Community Development (OECD). After a thorough review, a group of three local businesses has been selected to receive grant funding. In the last three years, the City has awarded $989,000 in funds to Scranton businesses from the Loan to Grant Program.

Payroll Preparation Tax Calculator

The City of Scranton and Scranton School District have taken steps to eliminate the Business Privilege and Mercantile (BPM) taxes for 2022, in favor of a Payroll Preparation Tax (PPT).

While only select businesses are subject to the BPM taxes, the PPT will be applied more broadly to entities doing business in the City of Scranton.

By law, this transition must be revenue neutral – which means neither taxing body can generate more total revenue than what is collected under the BPM from the previous year. For some businesses this will result in a decrease in tax liability, while others will see an increase.

If fully approved, beginning in January 2022, the PPT will be imposed on a percentage of a business’s total payroll—at a rate of 0.002786775 by the City and 0.008064 by the School District. Likewise, all BPM liabilities will be eliminated.

Learn more about the details of this proposed action here.

To estimate your anticipated PPT liability, use the calculator below.*

*Please note, calculator is for estimation purposes only.