Let’s think about it – you’re finally at the point in your life where you can retire, and you’re looking for the next home base that has just the right amount of tranquility to balance out the busy city life. In a new study, the North Texas burg of Frisco fits the bill, ranking as the No. 7 city for retirement-age folks nationwide.

In SmartAsset’s 2023 edition of “Where Retirees are Moving”, Frisco is one of two Texas cities that rank in the top 10 (the other being San Antonio, at No. 3).

This is Frisco’s first appearance on SmartAsset's list. The data show Frisco had a net gain of 960 seniors in 2021, with over 1,430 moving to the city from out-of-state while 476 left for a new state.

Only 13.16 percent of Frisco’s population is made up of people aged 60 and older, which is the lowest percentage out of all of the top 10 cities in SmartAsset’s study.

To be sure, Frisco is known as a family-friendly place and a hub of entertainment; it's got a new Universal Studios theme park on the way; The Star, home of the Dallas Cowboys, about to host the ACM Awards; and a brand new Omni hotel and resort is the mecca of PGA golf.

The top 10 U.S. cities where retirees are moving are:

• Mesa, Arizona
• Henderson, Nevada
• San Antonio, Texas
• North Las Vegas, Nevada
• Boise, Idaho
• Wilmington, North Carolina
• Frisco, Texas
• Miami, Florida
• Jacksonville, Florida
• Raleigh, North Carolina

Here’s how other Dallas-Fort Worth cities stacked up:

• No. 53 – McKinney
• No. 59 – Irving
• No. 76 – Arlington
• No. 112 – Plano
• No. 122 – Fort Worth (tied with Fremont, California)
• No. 124 – Dallas

The Lone Star State itself placed No. 10 in SmartAsset's rankings of states where seniors moved to and from the most. According to their data, Texas had a net gain of 5,542 retirement-age people in 2021. Our warm climate seems to be a major draw for retirees, but the lack of state income tax surely doesn’t hurt.

Texas’ most recent rank is a five-place drop from SmartAsset’s previous study, which looked at migration data of people aged 60 and older in 2019. During that year, Texas ranked No. 5 and had a net gain of 9,305 seniors.

Similar warm states without income tax rates that made it on the top 10 in this year’s report include Florida, who has claimed No. 1 since 2016, and Nevada (No. 7). Both states had much higher net gains of retirees for 2021; Florida gained 78,174 and Nevada had 6,814.

Besides the lack of state income tax, there are additional tax benefits for seniors in Texas. Social Security, public and private pensions, and withdrawals from retirement accounts are also not taxed. And though Texas has the sixth highest property tax rate in the country, senior homeowners can reduce that liability through the state’s homestead exemption.

SmartAsset's experts offered some advice for future seniors who are debating on when to retire. One of their tips was to avoid retiring in a down market, which may lead to "sequence risk."

"Retirees looking to avoid sequence risk may employ a range of strategies to delay or reduce drawdowns in a down market," said Susannah Snider, certified financial planner and managing editor for financial education at SmartAsset. "Those strategies can include continuing to work, delaying retirement, withdrawing from cash or other non-investment accounts, and opting to reduce withdrawals or delay big expenses during early years when the markets are in the red."