Retiring in Florida in 2026: The Real Talk
The dream is real — but so are the costs. 838 people move to FL daily. Here's what retirees need to know before making the leap.
Why Retirees Still Love Florida
Zero Income Tax
No tax on Social Security, pensions, 401(k) distributions, or investment income. A retiree drawing $80K/year saves $4K-$6K vs most states.
Year-Round Lifestyle
Golf, beaches, fishing, boating — 365 days a year. No snow to shovel. Active adult communities everywhere.
Healthcare Access
Major hospital systems (Cleveland Clinic FL, Mayo Jacksonville, Baptist Health). Medicare Advantage plans are competitive.
No Estate Tax
Florida has no estate or inheritance tax. Your heirs keep more. This alone drives high-net-worth retirees to FL.
Travel Hub
Major international airports in Miami, Tampa, Orlando, Fort Lauderdale. Direct flights everywhere. Cruise ports too.
Community
The Villages (130K+ residents), active 55+ communities statewide. Ready-made social networks for retirees.
The Insurance Reality Check
⚠️ Florida insurance is 181% above the national average
This is the #1 hidden cost retirees underestimate. Average annual home insurance: $4,200+. In coastal/flood zones, it can hit $8K-$12K. However:
- Market is stabilizing with new carriers entering FL in 2025-2026
- Wind mitigation upgrades can reduce premiums 20-40%
- Inland locations (Ocala, The Villages, Kissimmee) have much lower rates
- Even with insurance costs, the total savings from zero income tax often more than compensate
Best FL Retirement Areas (By Budget)
| Area | Median Home | Vibe | Insurance Zone |
|---|---|---|---|
| The Villages | $350K | 55+ paradise, golf, social | Inland (lower) |
| Ocala | $280K | #1 growth city, horse country | Inland (lower) |
| Port St. Lucie | $380K | Quiet coastal, affordable | Moderate |
| Sarasota | $450K | Cultural, upscale coastal | Coastal (higher) |
| Naples | $550K+ | Luxury, golf, beaches | Coastal (higher) |
| Jacksonville | $310K | Affordable, more moderate climate | Lower risk |
Retirement Math That Works
A couple drawing $100K in retirement income saves $5,000-$8,000/year in income taxes alone by moving to FL. Even subtracting higher insurance, most retirees come out ahead.
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