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The Best Places to Retire in Florida

Are you ready to trade in your work wardrobe for sandals, bathing suits, and big, floppy sun hats? It’s retirement time, baby! And if you’re reading this, you’ve probably chosen the Sunshine State as your retirement paradise. But where exactly in Florida is the best place to retire? We’ve got you covered with our list of the 11 best places to retire in Florida, along with all the essential information you need to make the right decision for your golden years.

1. Pensacola

Located in the northwest part of Florida, Pensacola is a fantastic place to retire. The cost of living in Pensacola is 4.5% lower than the national average, and healthcare costs are 6.8% lower, making your retirement dollars go further. With its beautiful Gulf Coast beaches, Pensacola offers sugar-white sands and emerald-green waters that stand out from the east coast beaches. The only downside is that it tends to receive more rainfall compared to other cities on this list.

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  • Total Population: 54,312
  • Retiree Population: 18.3%
  • Median Household Income: $56,199
  • Median Home Price (Metro): $389,900
  • Median Monthly Rent (Metro): $1,369

2. St. Augustine

Situated on the northeast coast of Florida, just south of Jacksonville, St. Augustine is the oldest city in the United States, founded in 1565. This historic city boasts charming architecture reflecting its Spanish origins. With a variety of cuisines, a pet-friendly atmosphere, and a thriving live music scene, St. Augustine offers a unique retirement experience.

  • Total Population: 14,329
  • Retiree Population: 25.5%
  • Median Household Income: $60,455
  • Median Home Price (County): $583,000
  • Median Monthly Rent (City): $1,118
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3. Ocala

If you want to retire in Florida but keep your country roots, Ocala might be the perfect choice. Unlike most of Florida, Ocala features green pastures and rolling hills. The city offers a cost of living 5.3% lower than the national average and healthcare costs that are 5% lower. Ocala is also known for its thriving thoroughbred horse industry.

  • Total Population: 63,591
  • Retiree Population: 18.7%
  • Median Household Income: $42,361
  • Median Home Price (Metro): $314,900
  • Median Monthly Rent (City): $973

4. Lakeland

Lakeland, centrally located in Florida, serves as an excellent base for exploring the state. It’s within an hour’s drive of Disney and Universal, and you’re equidistant from both the Gulf Coast and Atlantic Coast beaches. Lakeland boasts 38 beautiful freshwater lakes and is home to attractions like Hollis Gardens and the SUN ‘n FUN Aerospace Expo.

  • Total Population: 112,641
  • Retiree Population: 22.2%
  • Median Household Income: $50,136
  • Median Home Price (Metro): $354,900
  • Median Monthly Rent (Metro): $1,378

5. Pinellas County (Tampa’s Beach Towns)

While Tampa is appealing, the beach-town suburbs in Pinellas County steal the show for retirees. These areas offer a front-row seat to the stunning Gulf Coast shores. Whether you choose Palm Harbor, Belleair, or Indian Rocks Beach, you’ll have ample opportunities for boating, fishing, swimming, and exploration. Don’t forget to visit the Suncoast Primate Sanctuary Foundation with your grandkids!

  • Total Population (County): 959,107
  • Retiree Population (County): 25.4%
  • Median Household Income (County): $56,419
  • Median Home Price (County): $438,500
  • Median Monthly Rent (County): $1,710
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6. Cocoa Beach

Cocoa Beach, on the Space Coast, offers a unique retirement experience. Known for the Kennedy Space Center and Cape Canaveral Space Force Station, you can witness rocket launches here. Surrounded by the Atlantic Ocean and the Banana River, you can enjoy both sandy beaches and river adventures. The city also boasts a vibrant food scene with diverse cuisines.

  • Total Population (City): 11,354
  • Retiree Population (City): 33.4%
  • Median Household Income (City): $66,706
  • Median Home Price (County): $390,000
  • Median Monthly Rent (County): $1,383

7. Port St. Lucie

Port St. Lucie, on the Treasure Coast, is a golfer’s paradise with the PGA Golf Club at PGA Village offering 54 holes of championship golf. It features 21 miles of uncrowded beaches and is known for its golf and outdoor activities. This area is perfect for those seeking an active retirement.

  • Total Population (City): 204,851
  • Retiree Population (City): 20.5%
  • Median Household Income (City): $62,380
  • Median Home Price (Metro): $450,000
  • Median Monthly Rent (Metro): $1,647

8. Jupiter

Located south of Port St. Lucie, Jupiter is known for its iconic red-brick lighthouse and 3.4 miles of stunning beaches. The warm waters even make winter beach visits enjoyable. With its beautiful coastline and vibrant community, Jupiter offers a picturesque retirement destination.

  • Total Population (City): 61,047
  • Retiree Population (City): 23.1%
  • Median Household Income (City): $87,163
  • Median Home Price (County): $625,000
  • Median Monthly Rent (County): $2,110

9. Boca Raton

Boca Raton, an hour north of Miami, offers the perfect blend of beach life and city amenities without the hustle and bustle of Miami. With five miles of Atlantic coastline, numerous parks, and a thriving shopping scene, Boca Raton has plenty to offer retirees.

  • Total Population (City): 97,422
  • Retiree Population (City): 27.3%
  • Median Household Income (City): $84,445
  • Median Home Price (County): $625,000
  • Median Monthly Rent (County): $2,110
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10. Sarasota

About an hour south of Tampa, Sarasota is a popular retirement destination known for its rich culture, year-round activities, and beautiful beaches, including Siesta Key. While it has a higher cost of living, Sarasota offers a wealth of cultural events and natural beauty.

  • Total Population (City): 54,842
  • Retiree Population (City): 28%
  • Median Household Income (City): $56,093
  • Median Home Price (Metro): $589,900
  • Median Monthly Rent (Metro): $1,913

11. Naples

Naples, in the southwest, is one of the safest places for retirees in Florida, with over half of its population aged 65 and over. While it’s one of the more expensive places to live in the state, Naples offers a high quality of life for those who can afford it.

  • Total Population (City): 19,115
  • Retiree Population (City): 50.8%
  • Median Household Income (City): $118,141
  • Median Home Price (Metro): $875,000
  • Median Monthly Rent (Metro): $2,009

Is Florida a Good State to Retire In?

Florida is a popular choice among retirees due to its year-round sunshine and no state income tax. However, the best place for you depends on your personal preferences, lifestyle, and financial situation. Working with a financial advisor can help you make the right decisions for your retirement.

Buying Your Florida Retirement Home

When buying your retirement home, it’s crucial to make decisions based on your personal situation and finances. Consider downsizing and, if possible, pay for your new home in cash. Working with trusted real estate agents who understand your needs can make the process smooth and stress-free.

In conclusion

Florida offers a diverse range of retirement destinations to suit every lifestyle. Whether you’re drawn to the beaches, cultural experiences, or outdoor activities, there’s a perfect spot for you in the Sunshine State. So, put on your sandals, grab your sun hat, and start your retirement adventure in Florida!

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