A new study by WalletHub has ranked cities for retirement based on various factors. The analysis compared over 180 cities across 45 key metrics, including cost of living and tax laws.

Further details on the ranking methodology are available from the source. According to the study, one city stands out as the 20th-best place to retire.

Richmond, Va., holds this position, although the study does not provide additional information on what specifically contributed to its ranking. For more information on the study's findings, readers can refer to the original report.