Austinites getting ready to give up the daily grind are already living in the right place for their next chapter in life. Austin has just topped a list of the best cities to retire in Texas, and it ranks 23rd nationwide, according to a new WalletHub report.

The study examined 182 U.S. cities and ranked them based on 45 "retirement-friendly" livability metrics across four categories: affordability, activities, quality of life, and health care.

Perhaps unsurprisingly, Florida dominated the top 10, with Orlando, Miami, and Tampa locking in the top three spots and Fort Lauderdale ranking eighth on the list.

Austin fared best in the "activities" and "affordability" categories, respectively ranking 29th and 45th. The activities category analyzed attractions and entertainment venues for seniors, like the number of per capita museums, theaters, book clubs, senior centers, and bingo halls; whereas the affordability rank encompassed the local cost of living, taxpayer-friendliness, the costs for in-home services, and other factors.

Costs were a significant factor in the rankings, as many retirees live on a fixed income. Finances and affordability also play a huge part in determining where to live once it's time to put up those work boots, WalletHub analyst Chip Lupo said.

"As a result, the best cities for retired people are those that minimize taxes and expenses, as well as have good opportunities for retirees to continue paid work for extra income, if they choose to do so," he said. "In addition, the top cities provide high-quality health care and offer plenty of enjoyable activities for retirees."

Austin fell behind in the "quality of life" (No. 71) and "health care" (No. 114) rankings, but it wasn't enough to tank the city's overall performance.

This is how other Texas cities ranked in the report:

• No. 75 – Plano
• No. 78 – Fort Worth
• No. 82 – Houston
• No. 87 – Brownsville
• No. 91 – Grand Prairie
• No. 101 – Garland
• No. 107 – Irving
• No. 123 – El Paso
• No. 124 – Arlington
• No. 134 – Corpus Christi
• No. 140 – Laredo
• No. 143 – Amarillo
• No. 155 – Lubbock