1. Rancho Palos Verdes, California

And, finally, the number one on our list! To put it simply, this destination is not fit for the average American retiree- unless you somehow win the lottery! The median list price for a home is $1,367,961.50. Are you surprised it made it at the top of our list? What’s more, the cost of living expenses is also calculated at around $150,584.18. Finally, seniors will also have to pay taxes on retirement income, so that’s three reasons why we think Pancho Palos Verdes, California, should be crowned one of the most expensive cities for seniors.