Dallas-Fort Worth took the number two spot, followed by Houston at number four, Austin at number five, and San Antonio at 10. The study looked at the country's 40 largest metropolitan areas and measured them based on housing and financial data from the U.S. Census Bureau and Moody's Economy.com.

Cities in Texas revealed positive trends that make them attractive to retirees, such as low cost of living, job creation, and other strong economic fundamentals.

Sources: Texas Association of Realtors, Forbes Magazine