14 Most Expensive Retirement Towns in Florida

Dreaming of retiring in the Sunshine State? You're not alone. Florida has long been a magnet for retirees, thanks to its warm weather, sandy beaches, friendly residents, and numerous recreational options.

Living in paradise isn't cheap, and some towns cost far more than others. A new GOBankingRates study found that out of 30 of the nation's most expensive retirement towns, 14 are in Florida. So, if you're planning to spend your golden years there, make sure your retirement plan aligns with both your goals and your budget.

Here are the 14 most expensive places to set yourself up for retirement in Florida.

Palm Beach Gardens is a golf lover's paradise, home to championship courses, luxury shopping, and upscale dining. Its prime location near the coast and strong sense of community make it especially appealing to retirees.

With an average home value of $759,350, homeowners face a total cost of living of around $70,601, making it one of Florida's priciest retirement spots.

Aventura, a master-planned community just north of Miami, is famous for its luxury high-rise condos, yacht-friendly marinas, and the world-class Aventura Mall. Its resort-style living and proximity to both beaches and city amenities have driven up costs, attracting many retirees, with 26% of the population being 65 or older.

Homeowners face an annual cost of living of $65,914, with groceries averaging $5,372 a year.

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Situated between Naples and Fort Myers on Florida's Gulf Coast, Bonita Springs is prized for its white-sand beaches and waterfront living. Its mix of upscale gated communities and access to nature preserves has pushed housing demand sky-high, with average home values at $609,650.

Homeowners spend about $61,349 annually, making it a costly yet desirable retirement destination.

Delray Beach, known for its lively Atlantic Avenue, arts scene, and beautiful coastline, has transformed into one of South Florida's trendiest retirement spots. The city's walkable lifestyle and cultural appeal have driven up both demand and expenses.

Homeowners face an annual cost of living of $58,417, including around $5,248 for groceries and $8,012 for healthcare.

Dunedin, a charming coastal town near Clearwater, is beloved for its walkable downtown, craft breweries, and access to the Gulf's white-sand beaches. With 35% of its population over 65, it's especially popular among retirees.

Demand for its small-town charm and waterfront location has pushed the average home value to $471,601, with homeowners spending about $52,200 annually.

Famous for its historic sponge docks and strong Greek heritage, Tarpon Springs offers retirees charming coastal living at its finest. Its waterfront setting and proximity to Tampa Bay have made it increasingly desirable, driving average home values to $450,937.

Homeowners can expect to spend about $50,679 annually to enjoy life in this picturesque town.

Known for its stunning Gulf Coast beaches and sunny climate, Sarasota has become one of Florida's most desirable retirement destinations. The combination of cultural attractions and waterfront living continues to drive up costs.

Homeowners spend about $50,319 annually, with healthcare alone averaging $8,068 per year, highlighting the city's upscale retirement appeal.

New Smyrna Beach, a laid-back surf town on Florida's Atlantic Coast, is known for its scenic shoreline and artsy vibe. With 35% of the population over 65, it's a favorite among retirees seeking a coastal retreat with a slower pace of life.

Strong demand has lifted the average home value to $447,930, with homeowners spending about $49,745 annually.

Venice, often called the "Shark Tooth Capital of the World," combines small-town charm with Gulf Coast beauty, drawing a large retiree community, and 60% of the population is 65 or older.

Its relaxed lifestyle and artsy vibe make it highly desirable. Homeowners face an annual cost of living of $49,034, with healthcare averaging $8,068 each year.

Situated along the Manatee River and just minutes from Anna Maria Island, Bradenton offers retirees waterfront living and easy access to Gulf Coast beaches. Its blend of historic charm and coastal convenience has made it increasingly popular, driving the average home value to $419,337.

Homeowners spend about $47,928 annually to enjoy the city's relaxed lifestyle.

Located in Broward County, Tamarac has grown into a popular retirement hub thanks to its central location and abundance of golf courses. With easy access to both Fort Lauderdale and Miami, it offers convenience alongside a suburban feel.

Homeowners face an annual cost of living of $47,914, including about $5,139 for groceries.

Nicknamed the "Venice of America," Cape Coral boasts more than 400 miles of canals (more than any other city on Earth), making it a dream for boaters and retirees who love life on the water.

Its rapid growth and desirable location on Florida's Gulf Coast have driven up housing, with average home values at $366,430. Homeowners spend about $46,886 annually, including $9,456 for healthcare.

Located in Pinellas County just minutes from Clearwater's beaches, Largo offers retirees coastal living and suburban comfort. The city's parks, cultural venues, and easy access to the Gulf have boosted its popularity and costs.

Homeowners spend around $45,895 annually, with groceries averaging $5,174 and healthcare expenses reaching $8,227 per year.

Ormond Beach, just north of Daytona, offers a small town lifestyle and Atlantic Ocean views, making it a favorite for retirees seeking coastal living without the bustle of larger cities. With 33% of its population over 65, demand continues to rise.

Homeowners spend about $45,794 annually, while average home values have climbed to $387,914.

Florida may be a retiree's dream, but as these 14 towns show, the price of paradise doesn't come cheap. From luxury coastal enclaves to exciting cultural hubs, the Sunshine State is home to some of the most expensive places to retire in the country.

When planning for retirement, remember that expenses extend well beyond housing. Healthcare, groceries, and insurance often play a big role in shaping your retirement budget, making it essential to plan carefully for the lifestyle you want.