Saving money has become crucial for retirement in 2024 as the cost of living grows across the country.
Florida proudly maintains its status as a top retirement location for individuals seeking to save money thanks to its magnificent coasts, abundance of sunlight, and lack of state income tax.
Florida’s tax-friendly status is a major draw for many retirees, according to Kiplinger. Migration data shows a tendency of seniors relocating from higher-tax areas to the Sunshine State, further solidifying this reputation.
There are several reasonably priced towns with noteworthy features in Florida, even if many of the state’s cities and towns can be expensive.
Every town on this list, from charming beach towns to tranquil riverbank settlements, is notable for its natural beauty.
Every town has its own distinct attractions, however some are valued for being close to busy cities, while others have historic downtowns.
Lynn Haven
Lynn Haven, a town in the Florida Panhandle, has a comparable cost of living, which is 7.5% cheaper than the state average and 4.6% lower than the national average.
Nature lovers will find paradise in Lynn Haven, which is situated on Florida’s renowned Emerald Coast.
There are numerous picturesque parks in the town, and golfers may enjoy the outdoors at the Nature Walk Golf Club.
While Sharon J. Sheffield Park is favored for its amphitheater, paved walking pathways, and picnic tables, Leslie Porter Wayside Park is a lovely green area on the water.
A short drive from Lynn Haven is Panama City, whose 1,200-acre St. Andrews State Park features 1.5 miles of immaculate beaches that highlight the area’s famous emerald waters.
Dunedin
The coveted Gulf Coast of Florida is among the most costly areas of the state. However, occasionally you might locate more reasonably priced jewels, such as Dunedin, an island settlement.
The cost of living in the town is 3% lower than the national average, according to Payscale, and retirees can also save money on housing costs because Dunedin’s is 16% lower than the national average.
Dunedin is the ideal location to spend your retirement years in peace and quiet because of its reasonable cost of living and 18% lower crime rate than the national average.
Boredom is nearly impossible in Dunedin, whether you want to explore the town’s art and culture scene at places like the Dunedin Fine Art Center and Dunedin History Museum or venture outside at its well-known state parks, Caladesi Island and Honeymoon Island.
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Titusville
Or maybe you envision a retirement that combines small-town and urban living. Here, the finest of both worlds may be found in Titusville, which has a population of just under 50,000.
Because the village is only 50 minutes east of the bustling metropolis of Orlando, major city landmarks are easily accessible.
Practically speaking, Titusville’s close proximity to the metropolis provides comfort about health issues. One of Florida’s top regional hospitals, according to US News & World Report, is Orlando Health Orlando Regional Medical Center.
Titusville offers the charm of small-town rates along with Orlando’s big-city features. Its cost of living is 4.4% lower than the US average and more than 7% lower than Florida’s.
There is a lot to see and do in the town, making it a great escape from the throngs of Orlando.
The town’s three picturesque bike routes, the historic Titusville Playhouse theater, and the Brevard County Enchanted Forest Sanctuary are a few of Titusville’s top attractions.
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Cocoa Beach
Retirees can rely on the cheap cost of living, which is 7.3% lower than the Florida average, even though housing is a somewhat higher expense.
In the long run, this barrier island village is unquestionably one of the more affordable choices when contrasted with other popular coastal communities.
While beaches like Alan Shepard Beachfront Park offer peaceful beach days, the Banana River Aquatic Preserve is the ideal location for nature hikes and wildlife observation.
The historic Westgate Cocoa Beach Pier is another great place to relax and meet other seniors in town. With its bars, eateries, and boutiques, the 800-foot-long pier over the Atlantic will make you feel as though you’re on a constant vacation.
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Tarpon Springs
It should come as no surprise that Tarpon Springs is so well-liked by retirees, given that housing costs are 17% lower and the cost of living is 5% lower than the national average.
Since seniors make up about 36.71% of the town’s population, it’s easy to meet others who share your interests.
Retirees love the stunning 47-mile Pinellas Trail because it’s a terrific opportunity to get some exercise and enjoy the natural beauty of the area.
However, the most well-liked spot to unwind and meet other retirees in Florida is undoubtedly the beaches of Tarpon Springs.
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