Throughout the years, Florida has held its spot as a top location for retirees . It’s no wonder Florida is so appealing (hey, it’s actually officially dubbed the Sunshine State). Not only does it boast beautiful weather most of the year, but it’s also got incredible beaches and a booming community of senior citizens. On the financial side of things, Florida shines because it has no personal income tax. It also has a low sales tax rate.
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But thanks largely to several factors including inflation and a housing inventory shortage, Florida is becoming increasingly expensive for retirees. So, if you’re thinking about living there and are living on a fixed income that is centered, at least in part, on Social Security benefits, it’s key to know how far that monthly check will go.
In a new study, GOBankingRates found the 20 Florida cities where a Social Security check goes the furthest based on the average monthly benefit for retired workers in 2024 ($1,925.46).