Florida – Retirement Guide

Florida   Retirement Guide

Florida easily ranks as the state most commonly associated with retirees — and deservedly so. Indeed, active adults relocating for retirement flock to the state to enjoy its trifecta: great beaches, warm weather and no state income tax. The state is home to hundreds of well-appointed retirement communities, which offer retirees countless amenities plus the chance to meet people and build a social life with folks in a similar stage of life.

The state features locales to suit any number of budgets and lifestyles, from ritzier destinations like Naples, where the median home price is $700,000 to more affordable communities such as Cape Coral, where home prices fall below the national average.

Florida offers active adults a wide range of outdoor and cultural activities. Pay a visit to Siesta Key or Marco Island and you’ll understand the state’s reputation for having many of the world’s finest beaches and prettiest islands. Go shelling along Gulf Coast beaches, or hunker down on the sand with a good book

Pros: Beautiful beaches, no state income tax, warm climate
Con: Summer can be hot and muggy, with a risk of hurricanes

At a Glance:
Best For: Beach lovers
Population: 19,317,568
Cost of Living: 4% lower than national average
Median Home Cost: $132,000
Unemployment: 7.9%
Top State Income Tax: No income tax in Florida

Outdoors lovers can also xplore the Everglades, and experience some of the nation’s most unique bird watching, as well as hiking and easy kayaking or canoeing. Golfers will think they’ve stumbled upon some kind of mecca upon realizing Florida is thought to have over 1,480 golf courses — more than any other state in the nation.

Towns like Sarasota offer culture lovers ample chances to experience the arts at museums like the Ringling Museum of Art and quirky galleries.

Florida’s weather is notoriously warm, though it’s not all sunshiney perfection. Summer temperatures can climb into the 90s with high humidity, making the outdoors uncomfortable for many. Additionally, the state is also prone to experiencing hurricanes, which can create a high cost for property insurance.

Photo by Valerie Conners. All rights reserved. All statistics were up to date as of publication. See these sources for the most current data.