Florida has long been a top destination for retirees, and there are many good reasons why.
Although other places in the U.S. offer great perks for retirees, nothing tops the Sunshine State.
So, if you are crafting your retirement plan, here are some key reasons why Florida should be on your list of possible new places to call home.
If you’re over 50, take advantage of massive travel discounts and trip-planning resources
Over 50 and love traveling? Join AARP today — because if you’re not a member, you could be missing out on huge travel perks. When you start your membership today, you can get discounts on hotels and resorts, airfare, cruises, car rentals, and more.
How to become a member today:
- Go here, select your free gift, and click “Join Today”
- Create your account (important!) by answering a few simple questions
- Start enjoying your discounts and perks!
An AARP membership not only unlocks discounts that could save you hundreds on your next trip, but you’ll also have access to deals on vacation packages, guided tours, and exclusive content to help plan your next getaway.
Important: Start your membership by creating an account here and filling in all of the information (do not skip this step!). Doing so will allow you to take up to 25% off your AARP membership, making it just $12 per year with auto-renewal.
Housing is affordable
The median sale price for a home in Florida was $407,000 in February, according to real estate website Redfin. That compares to the national average of $412,000 for the same period.
Housing costs in Florida can vary from location to location, so be aware that some cities may be more expensive than others.
However, the affordable cost of housing in Florida might help you keep more money in the bank when you buy a home.
Want to learn how to build wealth like the 1%? Sign up for Worthy to get ideas and advice delivered to your inbox.
The weather is warm throughout the year
Florida lets you trade your winter coat and snow shovel for shorts and a beach chair.
The weather in Florida is pleasant and comfortable for most of the year. There's a reason it is known as the Sunshine State.
There are 55-plus communities
Some retirees prefer to live in a community that caters to those who are 55 and older. Florida rolls out the red carpet for seniors.
A 55-plus community might be a great option for your next home, and there are plenty in Florida to choose from.
Earn a $250 travel bonus with this incredible card
There's a credit card that's making waves with its amazing bonus and benefits. The Bank of America® Travel Rewards credit card has no annual fee and you can earn 25,000 bonus points after spending $1,000 in purchases in the first 90 days of account opening.
You can earn additional points just by using this card for your everyday purchases — unlimited 1.5 points per $1 spent on all purchases. The 25,000 bonus points can be redeemed for a $250 statement credit toward travel or dining purchases.
If you want to travel and dine out more, the Travel Rewards card can help you get where you want to go.
The best part? There's no annual fee.
You can always enjoy the beach
Florida has beautiful beaches lining its peninsula, and there's no shortage of cities to choose from if you want the beach life.
You'll have plenty of options for homes on or near the water.
Tax laws favor retirees
Florida doesn't have a state income tax.
In addition, you don’t have to pay tax on Social Security income or withdrawals from retirement accounts. And if you have a pension, you won’t have to pay tax on that either.
Trending Stories
Outdoor activities abound
Florida’s beautiful weather and proximity to beaches make it an ideal place for retirees who want to be active after they finish working.
Florida also offers outdoor activities such as fishing, boating, snorkeling, and swimming.
And if you’re looking for something more inland, the state has parks and nature areas full of hiking trails, biking trails, and other adventures.
There are plenty of world-class amusement parks
Retirement means you can spend more time having fun. So, head to one of Florida’s amusement parks to enjoy a day outside.
Orlando is home to theme parks such as Disney World and Universal Studios. Legoland is in Winter Haven, and Busch Gardens is in Tampa.
Businesses cater to retirees
With so many seniors in one place, restaurants, stores, and other businesses naturally cater to retirees.
For example, you might get extra deals and discounts on early bird specials at local restaurants.
It’s easy to get in and out of the state
One goal you may have during retirement is to travel more, and Florida has you covered.
The state has plenty of airports to get you all over the world. You'll also find Interstate 95 and the Florida Turnpike if you plan to travel north or south.
Unlock exclusive entertainment deals and VIP perks (without a credit card)
Ready to take your entertainment and travels to the next level? Experience the finer things in life with the SELECT card.
No, it's not a credit card, it’s an exclusive membership — and your passport to a world of elite benefits and unforgettable moments.
Imagine sipping complimentary cocktails in downtown Manhattan at KYU NYC or saving 20% on the best sushi in Hollywood Hills at Yamashiro.
Like to shop? Members receive VIP discounts like 15% off at Brooks Brothers, and up to 60% off at Tumi.
Enjoy special offers at luxury hotels like the Four Seasons and Omni Select. For example, you get 15% off at Hyatt Hotels worldwide.
But it’s not just about the hundreds (or thousands) you could save. There are so many features that make you feel like a VIP every day. Like SELECT’s white-glove concierge that assists with bookings, recommendations, or anything you need. And priority access to reservations to some of the year’s hottest events (many not open to the public).
The state has 11 national parks
Florida has 11 national parks for you to explore when you’re retired.
The most famous park may be the Everglades National Park, with its unique habitat for animals and plants. But don’t sleep on Dry Tortugas National Park, which features Fort Jefferson and beautiful coral reefs.
Good health care is available
Florida is known for its good health care options, particularly for older patients who live in the state.
Doctors in Florida might be more up-to-date on the latest treatments for health issues that impact retirees.
Housing options are diverse
In addition to many 55-plus communities, Florida offers everything from single-family homes to townhouses and many condominiums.
Whatever type of home you seek, you will surely find it in Florida.
Senior homes are abundant
If you decide to spend the rest of your life in Florida, you might need to move into an assisted living or nursing home facility at some point.
Florida has many options for those who need more care as they grow older.
There is plenty of entertainment
Florida has plenty of entertainment options, such as concerts, art shows, and other events. Active seniors will have no trouble keeping themselves entertained in Florida.
There is an endless variety of restaurants
Florida is packed with all types of restaurants, from laid-back bars in Key West to Cuban restaurants in Miami.
You will also find plenty of fresh seafood options on both the Gulf Coast and Atlantic Coast.
Bottom line
While other places in the U.S. have a lot to offer retirees, the factors on this list keep Florida firmly atop the list of states to call home during your golden years.
So, before you retire, check out the Sunshine State and see if it is right for you.
Lucrative, Flat-Rate Cash Rewards
FinanceBuzz writers and editors score cards based on a number of objective features as well as our expert editorial assessment. Our partners do not influence how we rate products.
Wells Fargo Active Cash® Card
Current Offer
$200 cash rewards bonus after spending $500 in purchases in the first 3 months
Annual Fee
$0
Rewards Rate
Earn unlimited 2% cash rewards on purchases
Benefits
- Low spend threshold for its welcome offer — $200 cash rewards bonus after spending $500 in purchases in the first 3 months
- Cell phone protection benefit (subject to a $25 deductible)
- Can redeem rewards at an ATM for literal cash
Drawbacks
- Foreign transaction fee of 3%
- No bonus categories
- Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.
- Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.
- Earn unlimited 2% cash rewards on purchases.
- 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers. 19.49%, 24.49%, or 29.49% Variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5.
- $0 annual fee.
- No categories to track or remember and cash rewards don’t expire as long as your account remains open.
- Find tickets to top sports and entertainment events, book travel, make dinner reservations and more with your complimentary 24/7 Visa Signature® Concierge.
- Up to $600 of cell phone protection against damage or theft. Subject to a $25 deductible.
Subscribe Today
Want extra-cash moves to come right to you?
Stop browsing endlessly. Get proven ways to earn pocket money, help cover rent, and crush your debt — sent to your inbox daily.