Retired folks relocate for a variety of reasons, but moving to a place with a lower cost of living (and more relaxed lifestyle) are the best reasons for moving to a place like Houston, which was just named one of the best cities to put away those work boots.

Houston ranked No. 7 in SmartAsset's new national ranking of "Where Retirees Are Moving – 2024 Study," published May 2, with the seventh highest rate of retirees flocking to the city.

To determine where retirement-age Americans are moving, the report relied on Census Bureau data from 182 large U.S. cities and all 50 state populations with people aged 60 and older. Net migration was determined by subtracting the number of retirees who moved out of their cities in 2022, and the number that moved into the respective cities from out-of-state.

The report found Houston's population of retirement-age folks amounted to more than 411,000 people, representing 17.8 percent of the total population. Nearly 4,700 seniors moved into the city from out-of-state, and more than 3,500 moved out, showing a net migration of 1,139 retirees.

Retirement lifestyles don't seem to be as compatible with the status quo in Austin or Dallas, which landed far outside the top 100 cities as No. 133 and No. 157, respectively.

So, why are retirees picking Houston over most other U.S. cities? Besides being home to some of the best medical centers and hospitals, the city is flourishing with diversity, and the (mostly) favorable weather also adds to the city's appeal.

"As people retire, their goals shift, often causing them to reconsider where they’re living and how they spend their money," the report's author wrote. "Places with a high cost of living, high taxes and cold winters, for example, could influence retirees to move to warmer locations where they can stretch their retirement savings further and enjoy their free time."

Other Texas cities that earned spots in the top 10 are San Antonio (No. 2) and Fort Worth (No. 8). San Antonio landed the silver medal as the second most attractive U.S. city for retirees, after more than 4,100 seniors moved into the city in 2022. Fewer than 1,200 made the opposite move, showing a net migration of 2,936 retirees.

Fort Worth had a net migration of 1,130, with 2,119 seniors moving into the city and 989 moving out in 2022.

The top 10 U.S. cities that had the highest inflow of retirement-age folks are:

• No. 1 – Mesa, Arizona
• No. 2 – San Antonio, Texas
• No. 3 – Henderson, Nevada
• No. 4 – St. Petersburg, Florida
• No. 5 – Murfreesboro, Tennessee
• No. 6 – Chattanooga, Tennessee
• No. 7 – Houston, Texas
• No. 8 – Fort Worth, Texas
• No. 9 – Atlanta, Georgia
• No. 10 – Clearwater, Florida

Texas is an overall top destination for retirees
In a statewide comparison, Texas came out on top as the No. 4 top state for retirees. The Lone Star State's 60-plus demographic adds up to nearly 5.7 million people, making up 19 percent of the total population.

Less than 69,000 seniors moved into Texas in 2022, with a little more than 50,000 making the opposite move, creating a net migration of 18,742 retirement-age residents.

Texans may want to take the city-level findings with a grain of salt, as the report points out that its data doesn't factor in-state migration, only state-to-state migration. Plus, not all retirees are 60 years old, nor do they all live in one singular place.

"For example, if a person moved to Phoenix from Scottsdale, [Arizona,] they would not be factored into our data," the report added. "Some retirees might live in multiple places throughout the year; this is not reflected in our metrics."

The three states that outperformed Texas in the statewide analysis were Florida (No. 1), Arizona (No. 2), and South Carolina (No. 3). North Carolina rounded out the top five.

The full report can be found on smartasset.com.