Top Reasons Florida is the Ideal Retirement State, Based on Bankrate Analysis

Florida’s status as one of the top states for retirees is well-earned. With its sunny and warm year-round weather, no income tax, affordable cost of living and real estate, an endless list of outdoor recreational activities, and a large variety of retirement communities offering resort-style amenities, the Sunshine State continues to attract a high number of new retirees. Almost 12 percent of all retirees who moved to a different state in 2022 chose Florida, making it the top choice, according to data from the Census Bureau’s Current Population Survey and its Annual Social and Economic Supplements for 2022. Moreover, Bankrate ranked it eighth in its latest survey of the best states to retire in 2023, where it scored highly in the well-being and weather categories.

The Natural Haven of Florida

The Sunshine State is a natural haven with hundreds of miles of beaches along the Atlantic Ocean, the Gulf of Mexico, and the Straits of Florida, picture-perfect islands surrounded by dreamy turquoise waters, and many national parks, preserves, and seashores.

“The beaches are stunning and so bountiful in benefits, from the recreational aspects, like daily walks along the water, to the salty breezes and tranquil views. Even in non-beachfront settings, you have lush, green gardens and vegetation that grow year-round, so you’re going to have that constant access to nature, which is extremely compelling,” Claudine Léger-Wetzel, vice president of sales and marketing at the Naples-based luxury home builder Stock Development, stated.

Social Interaction and Convenience in Retirement Living

Léger-Wetzel also pointed out that Florida’s signature lifestyle encourages social interaction, and the state’s reputation as an art hub is another factor that retirees consider when choosing where to move. Consequently, convenience plays a significant role, which is why master-planned communities are so popular with those aged 65 and over.

“Master-planned communities are perfect for the retiree who desires an active lifestyle and feels like they are on a permanent vacation. These offer a built-in social life with book clubs, card games, golf, tennis, pickleball, and walking trails,” Michelle Young, director of developer services at Michael Saunders & Company/Luxury Portfolio International, mentioned. “The attraction is the lock-and-go convenience — knowing you can fly to Europe or visit the grandchildren while someone else is taking care of your home. Moreover, convenience also translates to being close to quality healthcare facilities, including top-rated doctors and hospitals.”

Sarasota: A Top Choice for Retirees

Both Young and Léger-Wetzel said Sarasota is one of Florida’s most popular places to retire. This Gulf Coast city south of Tampa boasts 35 miles of white sand beaches, close to a hundred golf courses in the area, a top-notch restaurant and art scene, affordable housing, and one of the state’s top hospitals, Sarasota Memorial Hospital. Additionally, about 38 percent of the population in Sarasota County is 65 or older, while approximately 10 percent of multifamily residences are age 55-plus communities.

Four other destinations where retirees tend to settle, according to Léger-Wetzel, are Naples, Palm Beach, The Villages in Central Florida, and the Fort Lauderdale/Miami area.

“Having direct access to top healthcare providers, technology, and facilities is paramount, and these markets have fabulous, top-ranked resources,” she explained. “And, of course, golf amenities are excellent in these markets and really offer that added opportunity for camaraderie.”

Active Living and Recreation Options

Speaking of golf, Port St. Lucie, located north of Boca Raton, is an “affordable, laidback town,” Young remarked. It is home to the PGA Village, making it an ideal location for avid golfers. “But that’s just the beginning,” she added. There are miles of beaches thanks to barrier islands that, along with nature preserves and numerous parks, offer an array of activities such as surfing, kayaking, hiking, and fishing.

Ocala, a small town in central Florida with world-class equestrian facilities located near Ocala National Forest—featuring hundreds of lakes and rivers—is also recognized as one of the top retirement communities in the country.

Choosing Your Ideal Retirement Spot

So, how do you choose which retirement place is right for you? Think about your life priorities, such as family, hobbies, and access to social activities. “Every city and neighborhood has its own character, so consider all of these elements when deciding where you want to spend your golden years,” Young concluded.