Advertisement
retirement

Where to Retire in Florida

Some cities in the Sunshine State are better suited for retirees than others.

Looking to spend your retirement in the Sunshine State? You’re not alone. Temperatures are high, taxes are low, and there are plenty of fellow retirees to keep you company. Here are three Florida cities that are well-suited for retirement.

Sarasota

Population: 53,583

Cost of living: 8.1% above U.S. average

Median single-family home price: $275,000

Advertisement - Article continues below

Median condo/townhome price: $215,500

Share of population 65+: 24.4%

Sarasota has miles of white-sand beaches on keys including Siesta and Longboat along the Gulf of Mexico. Homes a few miles inland tend to be newer and more affordable than waterfront properties, which start at about $500,000. Shopping (St. Armands Circle) and health care (Sarasota Memorial) are first-rate in Sarasota.

Gainsville

Population: 127,559

Cost of living: 0.9% above U.S. average

Median single-family home price: $224,625

Median condo/townhome price: $120,500

Share of population 65+: 8.9%

Residents age 60 and older can enroll in courses at no cost on a space-available basis at the University of Florida. The school has big-time athletics, too – Go Gators! – but Gainesville also offers 13 museums and galleries with a thriving downtown. Top-notch medical care is available through the university's Shands Hospital.

Punta Gorda

Population: 17,288

Median home price (all properties): $165,000

Share of population 65+: 50.8%

On the Gulf Coast south of Sarasota, Punta Gorda is smaller and quieter. Life revolves around 55 miles of canal front homes as well as numerous retirement communities, restricted to people age 55 and older. There’s plenty of golfing, plus a Fishermen's Village complex along Charlotte Harbor with 30 shops and restaurants.

Advertisement
Advertisement

Most Popular

18 Things You Can't Return to Amazon
Smart Buying

18 Things You Can't Return to Amazon

Before tossing these items into your virtual shopping cart, be sure to read Amazon's return policy first.
September 17, 2020
Election 2020: Joe Biden's Tax Plans
taxes

Election 2020: Joe Biden's Tax Plans

With the economy in trouble, tax policy takes on added importance in the 2020 presidential election. So, let's take a look at what Joe Biden has said …
September 18, 2020
Insurance for Long-Term Care at Home
retirement

Insurance for Long-Term Care at Home

In the wake of COVID-wracked nursing homes, increasingly more people are looking at options to age in place with long-term care insurance.
September 17, 2020

Recommended

Insurance for Long-Term Care at Home
retirement

Insurance for Long-Term Care at Home

In the wake of COVID-wracked nursing homes, increasingly more people are looking at options to age in place with long-term care insurance.
September 17, 2020
Medicare Basics: 11 Things You Need to Know
Medicare

Medicare Basics: 11 Things You Need to Know

There's Medicare Part A, Part B, Part D, medigap plans, Medicare Advantage plans and so on. We sort out the confusion about signing up for Medicare --…
September 16, 2020
10 Things You'll Spend More on in Retirement
retirement

10 Things You'll Spend More on in Retirement

From reading materials to debt, the demands on your savings during your golden years might surprise you.
September 16, 2020
Retirees, Create An Emergency Fund for Rental Property
Business Costs & Regulation

Retirees, Create An Emergency Fund for Rental Property

Build a cushion to protect your income from an unforeseen crisis.
September 15, 2020