Florida Rates Highly for Retirees, But Misses Top Spot for Affordability

Florida Rates Highly for Retirees, But Misses Top Spot for Affordability

Putting a premium on affordability 55places.com, a website that rates age-restricted active adult communities in the United States, identified the 20 most affordable places to retire in 2019.

In order to pinpoint the top locations, 55places measured a series of factors, including overall cost of living, median home prices, state tax laws, local health care options, availability of 55+ communities, and public transit, amongst other variables. The cities named not only offer reasonable housing costs, but also provide exciting amenities and healthy living options.

The most affordable places to retire in 2019 include:

  1. Sioux Falls, South Dakota
  2. Ocala, Florida
  3. Lakeland, Florida
  4. Jacksonville, Florida
  5. Daytona Beach, Florida
  6. Gainesville, Florida
  7. New Castle County, Delaware
  8. South Bend, Indiana
  9. Tampa, Florida
  10. Waco, Texas
  11. Birmingham, Alabama
  12. Memphis, Tennessee
  13. San Antonio, Texas
  14. Ft. Myers-Cape Coral, Florida
  15. Phoenix, Arizona
  16. Melbourne, Florida
  17. Grand Rapids, Michigan
  18. Orlando, Florida
  19. Wichita Falls, Texas
  20. Indianapolis, Indiana

The list also comes after the company surveyed its readers to uncover expectations for buying a retirement home. When asked about anticipated costs of a future home compared to the value of their current one, 26 percent respondents answered “about the same,” 27 percent said “slightly less” and 24 percent said “much less.”

“This information tells us 77 percent of active adults need their next home to be affordable,” said Danny Goodman, COO and co-founder of 55places.com. “But a home within a certain price point is only half of the equation. The surrounding area—whether or not an active adult community is of interest—plays an integral role in quality of life, and nearby attractions and available establishments can greatly enhance that. These destinations provide budget-friendly options without demanding a sacrifice for comfort.”

To learn more about the most affordable places to retire, visit 55places.com.

About 55places.com
55places is the number one resource for active adult communities in the United States. The website offers unbiased information, such as current home sale listings, photos, floorplans, descriptions, and third-party reviews for more than 2,000 age-restricted and active lifestyle communities across the country. 55places and its team of real estate agents are licensed experts equipped to help prospective residents find an ideal home in their dream community. For more information, visit www.55places.com.

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After earning her bachelor’s degree in journalism at the University of Central Florida, Tracey set out in the real world at Florida Realtors in 1994 as a communication assistant, working her way up to editor in chief of Florida Realtor magazine. In 2004, she left the association to start her freelance writing and editing business. One of her first clients was REAL Trends, and she started working for the organization in 2005. In 2014, Tracey was promoted to editor in chief of publications for REAL Trends. She handles the writing and editing of all REAL Trends publications and marketing materials, including LORE Magazine, the REAL Trends newsletter and the blog. She is also the primary podcast interviewer where she conducts interviews with top real estate industry leaders and affiliated industry leaders. Tracey is married with two children.

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