There are no state income taxes, housing prices are still relatively affordable, and general cost-of-living incidentals—such as gas, groceries, and recreation—are economical. If you’re looking to move to a new home far away from home, to start anew in a warm place that’s just perfect for you, then Florida is a great candidate. We will be continually updating this page as we launch new reviews. Enjoy warm weather and low costs of living in Daytona Beach. All rights reserved. We're changing the way people 55 and older are searching for their perfect next place. It’s unusually hard to find affordable, high quality of life places to live in Florida right now, because this current Florida housing bubble has been inflating for over 10 years. Not only that, but there are certain cities and locations in Florida that are most ideal for retirement. Good news: You can retire to a beach city in Florida while staying on budget. Active adult communities website 55places.com has compiled a list of the most affordable places to retire in the U.S. in 2019, and four of the top five spots can be found in Florida. Some of the best hospitals in the state are in Jacksonville, and there’s professional football, a thriving riverfront full of shops and restaurants, and plenty of public beaches that are great for surfing, boating, and sunning. Retiring in Florida Pros and Cons. All text and design is copyright ©2021 Koala Guide LLC. You may not see many changes from this year to the next, but in about 5 to 10 years our lives will change dramatically. Here are a few of the cheapest places to retire. 4. 7 Great Places to Retire in Florida Every day Florida's population swells by more than 1,000 people, many of them retirees relocating for the second halves of their lives. You should have a $1.13 million nest egg if you want to retire in a more expensive area like Boca Raton, according to Adam's estimates. In the Tampa Bay area (including St. Petersburg and Clearwater), residents love living on the Gulf Coast. A retirement home with water views doesn’t come cheap in any part of the country. There's also no state income tax in Florida, which can benefit retirees with taxable income. 1. In order to create our list today we took a look at Sperling’s BestPlaces which manages data from The Bureau of Labor Statistics, the Council for Community and Economic Research, as well as CareerTrends to check on the cost of living index to tell you just how expensive it’s going to be to live in these new locations. Tampa. Here are a few of our favorite picks for "top retirement communities in Florida… Florida, in general, is an affordable place to retire. Pensacola: This coastal city on the Gulf of Mexico in Florida’s western Panhandle is often overlooked. Fishing and boating are the most popular pastimes. If you’re looking for an affordable Florida beach retirement, consider Pensacola. The low cost of living and lack of taxation on Medicare makes Yuma a popular place to retire. Yuma, Ariz.: Yuma was named as the best place to retire in a 2006 issue of Money Magazine. However, as a real estate broker and talking with 1000’s of new retirees moving to Florida from other states, you wouldn’t think so. Home - Relocating for Retirement - Retiring in Florida Pros and Cons. Located along the Gulf Coast just an hour south of Tampa and a little under two hours north of Fort Myers your will find the town of Sarasota. With a population of nearly 87,000 and a median home price of $213,400, Palm Coast is speckled with colorful wildlife and magnificent trails. Lakeland is a growing Central Florida area that has maintained its affordability. Active adults looking for lush forests, accessible golf, and gently sloping hillsides dotted with horse farms should consider the Ocala area. © 2007 - 2021 55places.com, a division of Neighborhoods.com. Melbourne is close to Fort Lauderdale, West Palm Beach, and even Miami. The remaining areas on our list are also well-known for their 55+ communities, affordable living, and high quality of life. Swim in some springs, take horseback riding lessons, and explore a lot of the local area in Ocala. It is the second-ranked city on this list for medical centers. The Fort Myers/Cape Coral area offers beautiful beaches and spring training baseball. This Central Florida paradise offers low-cost living that’s also beautiful. The city is situated near Jacksonville, and with a population of less than 10,000, it would surely appeal to those who prefer small-town living. Pensacola, Florida You’ll find Pensacola on the western edge of Florida’s panhandle on the Gulf coast. One of the best places to retire in Florida is Punta Gorda, … The Ocala metro area is pretty much the best place to retire in Florida on a budget since the overall cost of living is placed at some 7 percent below average. Plan to spend around $41,500 per year including $7,200 on rent and $3,255 on food. Orange Park is the highest-rated inland city on our list of the best places to retire in Florida. Florida became a hot retirement haven not only for its warm winters, but also for its lack of a state income tax (retirement income isn’t taxed here either). 10 Best Places to Retire in Florida on A Budget, best places to retire in Florida on social security, 10 Best Places to Retire in Florida On A Budget. Cuenca is known as the country's cultural centre, and is home to … Escambia is the county that’s the westernmost in Florida and it’s massive. According to U.S. News and World Report, the Ecuadorian city of Cuenca is rated as one of the world's best places to retire on a budget, with one of the lowest costs of living in Latin America. Then, it’s important that the housing costs are low, taxes won’t break your back and transportation won’t make you want to close yourself off inside your home and never come out. Median Sales Price: $200,000. The US News and World Report recently released the 100 Best Places to Retire in the USA for 2018. These changes are exponential in nature. Active adults have a lot of good reasons to live here, especially if saving money is a priority. 1. The 10 Most Affordable Places to Retire in Florida, © 2007 - 2021 55places.com, a division of, less than an hour drive from Orlando and about 90 minutes from Tampa and, Southern small towns like Archer, High Springs, and antique shopping in. Download a free copy of our newsletter and see the details inside! This western Florida city is located on the Pensacola Bay near the Gulf of Mexico and the border with Alabama. If you love seashells, this is the place to pick them out of the white sands. Some of the best hospitals in the state are in Jacksonville, and there’s professional football, a thriving riverfront full of shops and restaurants, and plenty of public beaches that are great for surfing, boating, and sunning. Whether you're interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet. Yes, there are cons or negatives to retiring in Florida. If you are interested in moving to a different city, perhaps in your home state or the neighboring state, start by looking at the best cities to retire in. Punta Gorda; Palm Beach; Indiana Harbour Beach; Panama City Beach; Punta Gorda . Also, you certainly won’t have a high heating bill in the winter. Grab a cruise from the nearby port or enjoy one of the many public golf courses. Myrtle Beach is a popular retirement destination for many, and Woodlake Village is one of the area's most affordable 55+ communities. The Orlando/Kissimme area is about so much more than just theme parks. If you're thinking about moving to Florida to retire, here are some of the best places in Florida to enjoy the best time of your life without any stresses. Without further ado, here are the 25 best places to retire in Florida today. Swim in some springs, take horseback riding lessons, and explore a lot of the local area in Ocala. The study includes data about housing affordability, happiness, desirability, retiree taxes, the job market and access to quality health care. Lakeland is all about culture and art, with regular poetry readings, exhibits, and unique dining experiences in the quaint and historic downtown district. Florida is one of the most popular places to retire in the United States. 10 Best Places to Retire in Florida on A Budget Published on May 3, 2016 at 9:00 am by Gabriela Vatu in Lists Share Tweet Email In this article we ranked the top 50 holdings of ProShares MSCI Transformational Changes ETF (ANEW) using Insider Monkey’s hedge fund sentiment data and identify the 15 best innovative stocks to buy according to hedge funds. The city grows 90 percent of the winter vegetables for the country, so there is always fresh produce. As the largest geographical city in Florida, Jacksonville offers a lot of options for retirees who want sun, sand, and self-care on a budget. Best Cities to Retire. Click to see the 15 Best Innovative Stocks To Buy Now. If you happen to be looking to retire somewhere warm, this is the article for you. To that end, we identified which of our 50 Best Places to Retire in the U.S. offer below-average living costs for retirees. 10 Best Places to Retire in Florida. For lifestyle benefits, count on parks and open spaces like Malone Park, Morgan Lake Park, Decatur Day Use Park, Point Mallard Park, Rhodes Ferry Park, and … The top five places for active adults to spend an affordable retirement offer endless benefits and attractions. The reasonable cost of living and proximity to the beach makes Florida a desirable place to retire, according to a U.S. News analysis of the 150 largest metropolitan areas in the U.S. Belize is the best place to retire in the world on a budget because it’s close to home (if you’re from the US). We are on the cusp of huge transformational changes that will fundamentally change the way we work, the way we live and take care of our health, the way we shop and spend our free time, and the way we eat. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we're a trusted resource paving the way from here to home. Professional sports, outlet shopping, and perfect sunsets are the high points. There’s also some excellent shopping, unique hiking trails, and a vintage amusement park in Old Town. Columbus is one of the best cities to retire on a budget of $1,000 a month, a previous GOBankingRates study found. Right along the Interstate 4 corridor between Tampa and Orlando, Lakeland is a growing Central Florida area that has maintained its affordability. The Best Places To Retire In 2020. Where in Florida, however, is another story altogether and there are various elements at play here. I live in Loveland, Colo., just turned 60 and would love to be retired within the next year. We spend 65 hours on researching and comparing 29 of popular models to determine the Best Places To Retire In Florida On A Budget 2020 you can buy. Daytona Beach, Florida You don’t need to pay an arm and a leg to retire by the beach. On one hand, the cost of living needs to be rather low since you have to manage your money a lot better now that there’s no steady salary coming in. Many other Florida cities offer the same great climate without breaking your budget. You can get a ticket for under $600, and it’s only a four-hour flight from Chicago. Daytona Beach on Florida’s Atlantic Coast provides affordable housing, lots of coastal activities, and a front-row seat for the famous Daytona 500 NASCAR race. For decades, active adults seeking an affordable, oceanside retirement head to Florida. As the largest geographical city in Florida, Jacksonville offers a lot of options for retirees who want sun, sand, and self-care on a budget. Punta Gorda is a quiet seaside enclave that offers luxury living at affordable prices. Lots of People Want Affordable Better Places to Live in Florida, But They’re Hard to Find Right Now! Sorry, no results has been found matching your query. This means every single year we make bigger progress than the year before. If you’re looking for a quiet and scenic place to spend your retirement, settle into Gainesville. Miami. Here, retirees are close to Sarasota and several islands and keys. Georgia: Columbus. With single-family homes from the mid $100s to the high $100s, it’s a great option for a budget-friendly, relaxing retirement. Sarasota. If you’re looking for a cost-effective retirement destination in Florida, here are the 10 best areas for you and your budget. The city also includes easy access to Interstate 95 and an international airport for frequent fliers. With beaches on both coasts, ample sunshine and plenty of warm weather it's an ideal location for retirement. Its peaceful community makes it a great place to retire and find tranquility without being too far away from everything. We created our ranking based on the cost of living in these major Florida places and exposed to you just where exactly you’d save more and in what instances you’d end up paying more than the national average. Daytona Beach is famous for headquartering NASCAR and for its beachside motorsports. 2. Don’t forget to check our article on best places to retire in Florida on social security also. Courtesy of Walter under a … Home - Find Your Perfect Place - The Cheapest Best Places to Live in Florida. The University of Florida is one of the best public universities in Florida, and it’s found in Gainesville, one of the most affordable parts of Florida to retire. For the overall rankings, here are the top 10 best and worst Florida cities to retire, according to WalletHub. To help you find such a place, a GOBankingRates study identified American cities where you can realistically retire on a budget of $1,500 a month. Let’s take a look at the top 10 cities that are included on this list: How to Best Use Insider Monkey to Increase Your Returns, 6 Things You Didn't Know About Hedge Funds, Click to see the 15 Best Innovative Stocks To Buy Now.

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