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Florida’s reputation as the Grand Poobah of retirement destinations has taken some hits lately.
Consider the latest rankings from Seniorly, a senior living website. The Sunshine State ranked No. 18 in the U.S., well behind Washington, D.C. in the No. 1 spot. Montana,Wyoming,Alaska and Pennsylvania rounded out the top five in Seniorly’s rankings,which were based on affordability,quality of life and healthcare options.
That saeid, many of the characteristics that forged Florida’s retirement-friendly reputation remain in place. Here are four reasons retirees skipping or fleeing the Sunshine State may want to reconsider.
Highly Ranked Cities and Communities
Table of Contents
table of Contents
- 1. Highly Ranked Cities and communities
- 2. There Is Still a Lot To Like About the Weather
- 3.What specific factors contribute to the rising cost of housing in popular Florida retirement destinations?
- 4. Are Florida’s Retirement Charms Still Shining?
- 5. Interview with Amanda Williams, Senior Financial Advisor at Suncoast Planners
- 6. Interview with Robert Turner, Realtor with Oceanfront Living realty
while Florida as a whole is descending in some retirement ratings,some of its cities are soaring.
Naples, a city with about 20,000 residents on Florida’s southwest coast, climbed from No. 28 place to No. 1 in the most recent U.S. News and World Report rankings. the publication evaluated 150 U.S. cities based on happiness, retiree tax burdens, affordability and other factors. Part of a metro area with about 400,000 residents, Naples bills itself as the “Golf Capital of the World” and boasts some of the nation’s most highly rated beaches.
naples wasn’t the only florida city rated highly by U.S.News and World Reports. Sarasota,another Gulf coast City with about 58,000 residents,ranked fourth.
Florida’s most populous city, Jacksonville, ranked seventh in the nation for retirees. Located in northeast florida, “Jax” has about a million residents and a lower cost of living than many other parts of the state.
There Is Still a Lot To like About the Weather
Yes, parts of Florida are more prone to natural disasters — especially hurricanes — than many other options. And the humidity in parts of the state can be tough to handle,especially for the uninitiated.
How can retirees find an affordable place to live in Florida,considering rising housing costs?
Interview with Amanda Williams,Senior Financial Advisor at Suncoast Planners
Archyde News: Amanda,thanks for taking the time to chat with us. Many people are considering Florida for retirement, but recent reports suggest some challenges. What are your top pieces of advice for retirees thinking about making the Sunshine State their home?
Amanda Williams: it’s my pleasure! Florida certainly has a lot to offer retirees, but it’s essential to go in with your eyes wide open. My biggest advice is to do your research. Don’t just focus on the beaches and warm weather. Consider your budget, healthcare needs, and lifestyle preferences.
Archyde News: Can you elaborate on the budget aspect? We’ve heard concerns about rising housing costs in Florida.
Amanda Williams: Absolutely. While Florida is known for its affordability compared to other states, certain areas, especially popular retirement destinations, have seen critically important increases in housing prices. It’s crucial to explore different regions and understand the cost of living variations. Consider factors like property taxes, insurance, and everyday expenses.
Archyde News: What about healthcare? Is Florida a good place for retirees who need regular medical attention?
Amanda williams: Florida has a robust healthcare system, with major hospitals and specialists readily available.However, healthcare costs can vary widely. Research insurance options carefully, as Medicare coverage alone may not be sufficient. Explore supplemental plans and compare costs to ensure you’re getting the best value.
Archyde News: Beyond finances, what other factors should retirees weigh when deciding if florida is right for them?
Amanda Williams: Think about your lifestyle. do you prefer bustling cities,quiet suburbs,or peaceful coastal towns? Florida offers a diverse range of environments. Consider your hobbies, interests, and social needs. Research community activities, cultural events, and volunteer opportunities to find a place that aligns with your passions.
Archyde News: what’s your biggest piece of advice for retirees considering Florida?
Amanda Williams: Don’t rush the decision. Take your time, visit potential areas, talk to locals, and explore all your options. Florida can be a wonderful retirement destination, but it’s essential to find the right fit for your individual needs and preferences.