Additional Coverage:
- 9 Florida Cities Where a Couple Can Live on Nothing but Social Security (financebuzz.com)
Sunshine State Living on a Social Security Budget: Nine Florida Cities Where Retirement Dreams Come True
For many older adults, a stress-free retirement hinges on one crucial element: adequate income. The good news?
Social Security, projected to average a comfortable $3,089 per month for couples in 2025, can provide a solid foundation, ensuring bills are paid with a little left over for life’s pleasures. However, making that income stretch requires a strategic choice of locale.
While Florida remains a top contender for retirees, not every city boasts the affordability needed to live solely on Social Security. That’s why we’ve compiled a list of nine fantastic Florida cities where you can embrace the Sunshine State’s perks without breaking the bank.
(Unless otherwise noted, rent figures are courtesy of Apartments.com, and home prices were sourced from Zillow.)
1. Arcadia
Average Rent: $744
Average Home Price: $240,791
Just an hour’s drive east of Sarasota’s famous beaches, you’ll discover Arcadia, a charming city of 8,000 nestled on the Peace River. This spot is a haven for outdoor enthusiasts, offering hiking, boating, and horseback riding, all while embracing a vibrant rodeo culture.
Affordable communities for older adults are plentiful, and the downtown area provides a delightful backdrop for leisurely strolls. With a cost of living 19% below the national average and remarkably low housing costs, Arcadia offers exceptional value.
2. Gainesville
Average Rent: $1,250
Average Home Price: $291,411
Gainesville offers a cost of living that’s 5% below the national average and an impressive 11% below the Florida average. Retirees here benefit from excellent healthcare facilities thanks to the University of Florida, which also infuses the city with a lively college-town atmosphere. Beyond the campus, abundant and enchanting natural springs provide top-tier outdoor recreation and wildlife viewing – a perfect escape from crowded beaches.
3. Haines City
Average Rent: $1,054
Average Home Price: $296,590
In Haines City, the cost of living is notably lower than the national average, specifically 8.4% less, with housing, transportation, and healthcare costs standing out. This city is a popular choice for seniors, with older adults comprising over 30% of the population and numerous senior living communities available. Golf aficionados and Disney fans will find much to love, as this small city is less than an hour’s drive from Orlando’s attractions.
4. Jacksonville
Average Rent: $1,292
Average Home Price: $280,096
Jacksonville consistently ranks high among retirement destinations, thanks to its affordability, burgeoning culinary scene, and abundant outdoor activities, including golf and easy access to the Atlantic Coast. “Jax” also earns high marks for its extensive park system and a high concentration of medical professionals. This bustling city of over a million residents is 4.3% cheaper than the national average, with particularly lower healthcare and transportation costs.
5. Lakeland
Average Rent: $1,311
Average Home Price: $309,366
With roughly a fifth of its population aged 65 or older, Lakeland, a city of over 120,000, offers a strong sense of community. As its name suggests, the area is dotted with ample lakes, complemented by numerous parks and outdoor recreational opportunities.
While maintaining a charming small-town vibe, Lakeland also provides convenient access to the larger cities of Tampa and Orlando, both just a car ride away. Housing and transportation costs are notably cheaper than both state and national averages, contributing to an overall cost of living that is 8.4% lower.
6. Live Oak
Average Rent: $1,500
Average Home Price: $247,694
Midway between Jacksonville and Tallahassee lies Live Oak, a city of around 7,300 residents, ideal for those seeking a small-town spirit. Abundant rivers and state parks promise a wealth of outdoor activities, while the nearby Spirit of the Suwannee Music Park hosts major cultural events. According to Life in North Florida, the overall cost of living here is well below the national average, making it one of the most affordable options on our list.
7. Ocala
Average Rent: $1,241
Average Home Price: $267,900
Ocala stands out as one of Florida’s most popular retirement destinations, and for good reason. Its low cost of living, fantastic outdoor activities within the Ocala National Forest, plentiful healthcare options, and hurricane resilience make it highly appealing.
Affordable housing, including numerous 55+ communities, is readily available. Utilities, healthcare, and food are also cheaper than the national average, with an overall cost of living approximately 13% lower – a great way to keep more cash in your wallet for everyday expenses.
8. Tallahassee
Average Rent: $1,198
Average Home Price: $284,791
Tallahassee boasts low costs for utilities, food, transportation, and housing, making it an attractive option for couples aiming to live comfortably on a budget. The presence of two universities offers diverse recreational opportunities and services, including Florida State University’s OLLI senior program.
Florida’s capital also features two renowned hospitals and provides urban living without feeling overwhelming. As an added bonus, the sparkling Gulf beaches are a mere 22 miles away.
9. Titusville
Average Rent: $1,600
Average Home Price: $266,755
Just north of Cocoa Beach and about an hour east of Orlando, you’ll find Titusville. This prime location means Atlantic beaches are practically in your backyard, rocket launches from Cape Canaveral provide regular thrills, and outdoor activities, including unique bioluminescent kayaking, are plentiful.
The Bottom Line for Your Florida Retirement
If you’re looking to make smart moves in retirement without sacrificing the amenities you desire, each of these Florida cities presents a viable and appealing place to call home. And even if you decide to pick up a side hustle in your golden years, Florida’s lack of state income tax means you’ll enjoy keeping even more of your hard-earned cash. It’s just one more reason why the Sunshine State continues to be a perennial favorite among retirees!
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- 9 Florida Cities Where a Couple Can Live on Nothing but Social Security (financebuzz.com)