Nov. 1, 2019
Finally Time to Retire, and where to go now? Florida is a top spot form the majority of Americans. Every day Florida'spopulation swells by more than 1,000 people, many of them retirees relocating for the second halves of their lives. There's little mystery why: Even in the coldest months of the year, the average daily high is at least 70 degrees, and the temperature rarely dips below 50 in the Sunshine State.
Floridais also one of the most tax-friendly states in the country for retirees . There's no state income tax, and permanent residents are eligible for a homestead exemption of up to $50,000, which lowers their real estate taxes. Seniors may qualify for an additional exemption.
Florida'ssunny beaches and pleasant winters have long drawn retirees who spent their working years in colder climes. The low housing prices in many Floridacities make the Sunshine State an affordable place to relocate. There's also no state income tax in Florida,which can benefit retirees with taxable income. Some snowbird retirees spend winters in Floridaand then escape the humid summers by heading north during the hottest months. The reasonable cost of living and close proximity to the beach makes Floridaa desirable place to retire,according to a U.S. News analysis of the 100 largest metropolitan areas in the United States. The study includes data about housing affordability, happiness, desirability, retiree taxes, the job market and access to quality health care.
Fort Myers residents report a sense of well-being that is among the highest in the U.S., according to a Gallup-Healthways survey, with locals reporting they have supportive relationships and a manageable economic life. The median home price of $200,200 allows many retirees to comfortably afford a home, which frees up retirementincome for other essential expenses. Fort Myers is located along Florida'sGulf Coast and the Caloosahatchee River, which allows seniors to create a relaxing beach retirementlifestyle, even on a modest budget.
Between its warm climate and gorgeous beaches, it’s no wonder Floridais such an attractive state for retirees . It doesn’t hurt that the state has no tax on income and has a relatively low cost of living .
No doubt, part of what makes Floridaa big draw for older adults is the number of cities with different styles of living. Based on factors such as location, recreation opportunities, home prices, and crime rates, the following are ten of the best destinations for those looking to relocate to the Sunshine State. All population statistics are from the U.S. Census Bureau , as of 2017, the most recent year information was available.
The dream of retiringon a sunny beach in Floridais alive and kicking. Despite 45 percent of workers expecting to retirepast the age of 65 , Floridais still the destination that comes to mind when Americans envision their golden years. And the reason is simple: Floridacrosses off many items on a retiree’s wish list, starting with cheap living costs, one of the biggest considerations for older Americans who’ve stopped working and rely on a smaller income. And while Florida’shealth care needs work in some areas , it does boast high marks in direct primary care and pharmaceutical access.
Florida’sunmatched status as a retirementparadise, however, doesn’t rub off on every one of its cities. To determine where retirees can look forward to living out their best years in the Sunshine State, WalletHub’s data crunchers compared more than 100 of its largest cities across 28 key indicators of reti. friendliness. Our data set ranges from cost of living to health care facilities per capita to number of attractions. Read on for our findings, expert retirementinsight and a full description of our methodoloy.
Between beaches, theme parks, and year-round sunshine, there’s a reason Floridais the South’s biggest tourist destination. What many people don’t realize is just how great of place it is to live full-time. With no state income tax, phenomenal medical care, and vibrant communities filled with newcomers, the Sunshine State is quickly becoming a retirementhot spot. If you’re thinking of making the move, but don’t know where to start check out these six towns. They make the thought of becoming a Floridian seem like a no brainer.
Despite being located in landlocked Central Florida,you won’t even miss the beach thanks to Winter Park’s small-town charm. With brick streets lined with oak trees, open-air cafes, and a gorgeous chain of lakes, you feel like you’re in a quaint New England village. Don’t confuse the word quaint with sleepy either: Winter Park has plenty to offer due to a booming culinary and arts scene. Notable favorites are checking out concerts or shows at the Dr. Phillips Center for the Performing Arts, catching classic movies at the Enzian Theater, or dining al fresco on Park Avenue. Plus, with Orlando’s attractions are only twenty-five miles away, your grandkids will love visiting you and Mickey Mouse at the same time.
Sarasota, Gainesville and Venice were rated among the top Floridacities for retirement.
Three Southwest Floridacities were recently named among the "7 Great Places to Retirein Florida.".
Sarasota, Punta Gorda and Venice were selected for the top spots for retirementin the Sunshine State by Kiplinger's personal finance.
Gainesville, Naples, St. Petersburg and St. Augustine also were named by Kiplinger among the great places to retirein Florida,a state growing by more than 1,000 people a day. The state's rarely cold climate and tax-friendly status are key draws for retirees.
Sarasota, where "life unfolds a bit more slowly" than nearby Tampa-St. Petersburg, ranked first on the list, with plaudits for its upscale shopping on St. Armands Circle, the Sarasota Memorial Health Care System and white sand beaches along the Gulf of Mexico. The share of 65 and over population is 26.5%, much higher than the 14.9% average nationwide.
"Nature lovers will find lush landscapes and subtropical wildlife at the local parks, as well as at Celery Fields, an erstwhile celery farm now known for its birds and wetlands, and the Marie Selby Botanical Gardens," Kiplinger said. "Sarasota also has a lively and diverse arts scene, which includes a ballet company, art museums and an 80-member orchestra.".
Not mentioned is what some see as a nearby development threat to the celery fields, the controversy over the proposed Selby expansion, and the Sarasota Orchestra's ongoing search for a new home.
The high ranking also comes despite a cost of living higher than the national average and home prices $16,100 above the national median.
Punta Gorda, at No. 5, reports a 55.3% share of 65-plus residents. Its cost of living index was below the U.S. average.
"Life here revolves around 55 miles of canal-front homes as well as numerous retirementcommunities, restricted to people age 55 and older," the report said. "Plenty of golfing, plus a Fishermen's Village waterfront complex with 30 shops and restaurants. Also in town, the Harborwalk along Charlotte Harbor is just a portion of the 18 miles of bike trails and pedestrian pathways you can enjoy.".
In Venice, ranked seventh, 61% of the residents are 65 or older, and the cost of living is higher than average. The report liked the proximity to the water and the wide, palm tree-lined sidewalks in the historical neighborhoods.
"Venice has a slow pace but offers plenty of amenities," Kiplinger said. "Locals can stroll the historic district and stop in the numerous shops and restaurants. On Saturday mornings, there’s a farmers market. You can catch a show at the Venice Theatre or a performance by the Venice Symphony at the Performing Arts Centter.".
Local cities are routinely named to some of these “best places" reports.
In June Venice was named the second-most livable city in Floridaby the U.S. Chamber of Commerce. The unincorporated Englewood community ranked 10th, while Sarasota was down at 78th. Earlier, Sarasota was ranked No. 6 and Venice No. 10 on a list of best beach towns to live in by personal finance website WalletHub. Sarasota finished 20th in U.S. News & World Report’s “25 most desirable places to live in the U.S.” Sarasota also ranked No. 2 on Go.Verizon’s list of places to start a small business.
This story originally published to heraldtribune.com, and was shared to other Floridanewspapers in the GateHouse Media network via the FloridaWire. The FloridaWire, which runs across digital, print and video platforms, curates and distributes Florida-focusedstories. For more Floridastories, visit here, and to support local media throughout the state of Florida,consider subscribing to your local paper.
I hope this helps you find your dream retirement home in Florida, if you have read this far give us a call at 321-373-3536 for more information and help on finding your dream retirement home or condo in sunny Florida.