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

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.

Most Popular

Your Guide to Roth Conversions
Special Report
Tax Breaks

Your Guide to Roth Conversions

A Kiplinger Special Report
February 25, 2021
The Berkshire Hathaway Portfolio: All 41 Warren Buffett Stocks Ranked
stocks

The Berkshire Hathaway Portfolio: All 41 Warren Buffett Stocks Ranked

The Berkshire Hathaway portfolio is a diverse set of blue chips, and increasingly, lesser-known growth bets. Here's a look at every stock picked by Wa…
November 16, 2021
Resist the Impulse to Buy These 14 Holiday Gifts
shopping

Resist the Impulse to Buy These 14 Holiday Gifts

Don't let those holiday sale promotions persuade you into buying something now that will be much cheaper later.
November 18, 2021

Recommended

The Most-Overlooked Tax Breaks for Retirees
Tax Breaks

The Most-Overlooked Tax Breaks for Retirees

Unfortunately, seniors often miss tax-saving opportunities that are available to them. Don't let that happen to you!
December 3, 2021
How 10 Types of Retirement Income Get Taxed
retirement

How 10 Types of Retirement Income Get Taxed

When you're planning for retirement, it's fun to contemplate all the travel and rounds of golf ahead of you, but don't forget about taxes.
December 3, 2021
12 States That Tax Social Security Benefits
social security

12 States That Tax Social Security Benefits

You may have dreamed of a tax-free retirement, but if you live in one of these states, your Social Security benefits may be subject to state taxes.
December 2, 2021
9 Ways Retirees Can Whittle Down Their Car Insurance Costs
car Insurance

9 Ways Retirees Can Whittle Down Their Car Insurance Costs

As more Americans hit the road again, car insurance rates have unfortunately rebounded. Thankfully, there are steps you can take to trim your premiums…
December 1, 2021