Wednesday, February 10, 2021 / by Bridget Bass
You don't need an in depth analysis to see why Florida has remained the most popular retirement destination in the country. For starters, it's nicknamed "The Sunshine State". Florida residents experience beautiful weather year-round with winter temperatures around 50° Fahrenheit and over 230 days of sunshine compared to the national average of 205, that's almost an extra month of sunny days! That means no matter where you choose to retire in Florida, you can enjoy the great outdoors all year round. And you will certainly never need a snow shovel!
In WalletHub's study, Florida ranked among the top 5 states in affordability due to the state's low adjusted cost of living and remarkable retired taxpayer-friendliness. Retiring in Florida means you will get to keep more of your retirement income. There is no state income tax in Florida, the state does not tax retirement income or social security benefits, no estate or inheritance taxes, and property taxes are reasonable compared to other states.
With the second-highest proportion of population over age 65, Florida's healthcare system must be equipped to care for a large aging population. WalletHub's study ranked Florida health care #28 in the nation based on considerations of COVID-19 cases, number of doctors and nurses per capita, number and quality of top-rated geriatric hospitals, and overall well-being of population aged 65 and older.
When you think of Florida you picture white-sand beaches, luxury boats, palm trees, golf courses, probably Disney World. All of these activities contribute to Florida's quality of life ranking coming in at #6. Other considerations included Florida's social scene for retirees, endless opportunities to get active and be outdoors at places like the Everglades National Park, Crystal River, and the Florida Keys, the amount of active 55+ communities, etc.
If you haven’t yet, start your South Florida home search today. At Premier Listings, we are relocation experts. We are eager to guide your transition to retirement in the nation's sunshine state.