Retirement in florida
Florida’s sunny beaches and pleasant winters have long-lived retirees who have spent their years of work in cold climates. Low housing prices Many Florida cities have an affordable place to move the Sunshine State. there also No state income tax In Florida, that can benefit retirees with taxable income. The reasonable cost of living and living near the beach makes Florida a desirable place to retire, according to one American news analysis The study of the 150 largest metropolitan areas in the US includes data about housing profitability, happiness, desirability, retired taxes, job markets, and access to quality health care. Consider these Florida cities for retirement:
Age of population 60+: 22%
Mean monthly mortgage cost: $ 1,287
Median monthly rent: $ 992
Median house price: $ 148,800
Located at the northwest end of Florida, Pensacola An affordable beach is an ideal place for retirement. Pensacola sits near Pensacola Bay and the Gulf of Mexico. Popular beaches include Pensacola Beach, Perdido and Gulf Island National Beach. Pensacola receives high marks for desirability, according to an American news poll about possible retirement locations. Florida does not have a state income tax, which means that those who plan to work in retirement get to keep a greater share of their earnings.
Age of population 60+: 26%
Mean monthly mortgage cost: $ 1,419
Median monthly rent: $ 1,070
Median house price: $ 159,100
Located on the Tampa Bay near the Gulf of Mexico, Tampa A city of skyscrapers and high rises. Tampa has a variety of recreational options including a zoo, an aquarium, theme parks, several professional sports teams and a popular harbor for cruise ships. There are many health care providers including Tamta General Hospital. Reasonable house prices make Tampa affordable for seniors who want to retire near the beach on a budget while enjoying the amenities of a metro area.
Age of population 60+: 26%
Mean monthly mortgage cost: $ 1223
Median monthly rent: $ 944
Median house price: $ 120,900
The city is aptly named after the region’s 38 beautiful lakes, some of which are inhabited by swans. Sultry heat screams Gentle and sunny winter. Located between Tampa and Orlando, Lakeland Florida is a quieter and more affordable option for larger cities. Health care is provided by Lakeland Regional Health Medical Center. Lakeland is also a college town and home Florida Polytechnic University And Florida Southern CollegeThe latter has the largest collection of Frank Lloyd Wright architecture in the world.
Age of population 60+: 20%
Mean monthly mortgage cost: $ 1,457
Median monthly rent: $ 1,161
Median house price: $ 181,800
Orlando The area is a popular holiday destination due to its theme parks, convention centers and resorts. The city is also a college town, and is largely University of Central Florida There are more than 69,000 students. Health care is provided by AdventHealth Orlando. Mild winter temperatures, plentiful recreational options and low cost of living are attractive to retirees. If you live nearby, your grandchildren will be begging you to meet them Walt Disney World And Universal Studios Florida.
9. Daytona Beach
Age of population 60+: 32%
Mean monthly mortgage cost: $ 1,258
Median monthly rent: $ 1,029
Median house price: $ 173,000
Daytona beach A quiet beach is not a retreat. This bustling city is the headquarters of motorsports and NASCAR. Fans flock to the city every year for the Daytona 500, Speedweeks and many other large automobile and motorcycle events. Moderate house prices in Daytona Beach also allow those on a budget to live near the sea. A popular holiday destination, this coastal city also has sandy beaches, water parks and golf courses.
Age of population 60+: 21%
Mean monthly mortgage cost: $ 1,427
Median monthly rent: $ 1,059
Median house price: $ 185,700
According to Census Bureau data, Florida’s most populous city is one of the fastest growing places in the US. This North Florida city added 9,070 people between July 2018 and July 2019. Jacksonville There are miles of white-sand beaches along the Atlantic coast, and the St. John’s River and Jacksonville Beach piers offer fishing opportunities. The area is also a popular retirement destination for golfers, and some of the most scenic courses overlook the sea and the river. According to Jacksonville, there are several high-performing hospitals US News Best Hospitals Ranking, Including Mayo Clinic-Jacksonville.
Age of population 60+: 31%
Mean monthly mortgage cost: $ 1,324
Median monthly rent: $ 1,018
Median house price: $ 172,200
This part of Florida is often referred to as the Space Coast due to the nearby Kennedy Space Center and Cape Canaveral Air Force Station. Locals can see rockets as they launch into space. Many roads, schools and other places are named after the space program. Melbourne There is an affordable cost of living, and is provided by health care Health First Homes Regional Medical Center. Earthly pleasures include relaxing on an Atlantic Ocean beach or opening dolphins and sea turtles in the Indian River Lagoon while you are nurturing the universe.
Age of population 60+: 23%
Mean monthly mortgage cost: $ 1,774
Median monthly rent: $ 1,295
Median house price: $ 241,400
Miami A tropical beach is a retirement location with the horizons and facilities of a major metro area. Portamias boasts 22 cruise lines that travel to the Bahamas, the Caribbean and Mexico. Retirees have access to many health care options, including Baptist Hospital of Miami And Cleveland Clinic Weston. Miami-Dad residents age 65 and older can ride public transportation for free, which allows retirees to get around without a car. However, housing prices are higher in Miami than in other parts of Florida.
Age of population 60+: 35%
Mean monthly mortgage cost: $ 1,065
Median monthly rent: $ 859
Median house price: $ 136,100
This equal city is known for its breeding of rewarded horses. Retirees can participate in horse shows and horse riding events and enjoy horseback riding regularly on local nature trails. This inland Florida city is more affordable than many other parts of the state. OcalaCheap housing makes it easy to move to the area. The Okla National Forest has hundreds of lakes, rivers and waterfalls where you can swim, fish and canoe.
Age of population 60+: 38%
Mean monthly mortgage cost: $ 1,787
Median monthly rent: $ 1,228
Median house price: $ 364,600
Naples Scores high for desirability. Situated along the Gulf of Mexico, white-sanded beaches, golf courses, and a pleasant winter weather area make many retirees. Naples is significantly more expensive than other parts of Florida, but locals often have to find out the quality of life. According to a Gallup poll of 156 American communities, residents of the Naples metro area, including Emocale and Marco Island, report the highest sense of well-being in the country. The residents of Naples told Gallup that they like where they live, enjoy supportive relationships and live a comfortable economic life.
3. Port St. Lucie
Age of population 60+: 33%
Mean monthly mortgage cost: $ 1,436
Median monthly rent: $ 1126
Median house price: $ 184,200
One third of the population in this popular retirement spot is 60 or older. Port saint lucie Located along the Atlantic Ocean in southern Florida. This coastal city is an inexpensive place to retire near the water. If you ever tire of the beach, you can see wetlands on native plants at Savannah Looks State Park or St. Lucie Botanical Garden. Sports fans will enjoy New York Mets spring training in the first data field.
2. Fort Myers
Age of population 60+: 35%
Mean monthly mortgage cost: $ 1,416
Median monthly rent: $ 1,093
Median house price: $ 217,100
Fort myers According to the Gallup Survey of America, American people have the highest sense of well-being, with local people reporting that they have supportive relationships and a manageable economic life. Many retirees are able to afford a comfortable home, which frees retirement income for other essential expenses. Fort Myers is located along the Gulf Coast of Florida and the Caloosahatte River. Seniors in Fort Myers can create a comfortable beach retirement lifestyle even on a modest budget.
Age of population 60+: 39%
Mean monthly mortgage cost: $ 1,481
Median monthly rent: $ 1,152
Median house price: $ 225,000
Retirees are often attracted SarasotaWhite sand beaches including Lido Key and Siesta Key. But it is the high quality of life that keeps people in the area. Sarasota residents like where they live and feel safe in their community, according to the Gallup poll. Sarasota Memorial Hospital According to data from US News Best Hospitals, the region has the highest performing hospital. Reasonable housing costs allow retirees on a budget to live near the water.
Best places to retire in Florida:
- Fort Myers.
- Port St. Lucie.
- Daytona Beach.
Thinking of retiring in Florida? Find Local Financial Advisor now.
Updated On November 23, 2020: This story was published at an earlier date and has been updated with new information.