Why Florida’s Retirees Are Fleeing — And Where They’re Going …

Once considered the ideal place to live out one's golden years, Florida is quickly losing favor with retirement-aged folks. Remote workers and the wealthy are flocking to the state and driving up ...

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WHY FLORIDA’S RETIREES ARE FLEEING — AND WHERE THEY’RE …

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Read Next: 3 Florida Cities Where You Can Buy Homes For $100,000 or Less. Check Out: The Surprising Way You Can Get Guaranteed Retirement Income for Life. In just half a decade, …

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4 Reasons Florida Is No Longer The No. 1 State For Retirees

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Oct 24, 2023 · A single-family house in Florida has seen the median price skyrocket in the last five years, going up 60% — or in dollars, $150,000. This rise in housing costs isn’t the only …

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Florida’s Retirees Are Staying: 20 Florida Cities With The Largest ...

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Nov 9, 2023 · For retirees moving from high-tax states like New Jersey, where residents pay an average $8,797 thanks to the state’s 2.47% average effective tax rate, moving to Florida can …

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FAQs about Why Florida’s Retirees Are Fleeing — And Where They’re Going … Coupon?

Why are retirees leaving Florida?

Once considered the ideal place to live out one’s golden years, Florida is quickly losing favor with retirement-aged folks. Remote workers and the wealthy are flocking to the state and driving up home prices, leaving those on a fixed income feeling the pinch. Why Are Retirees Leaving? ...

Why are retirees fleeing Florida?

Retirees Are Fleeing Florida as Climate Change Threatens Their Financial Future A car is seen in a flooded street as Hurricane Irma passes through on September 10, 2017 in Miami, Florida. Florida, with its plentiful beaches, warm weather, and lack of a state-income tax, is the most popular destination for older adults in the U.S. ...

Why are Americans rethinking their retirement plans in Florida?

While Americans from across the country still flock to Florida to retire, that’s slowly changing: Rising housing costs, skyrocketing home insurance rates, and extreme weather are forcing many to rethink their plans of retiring to the Sunshine State. Others who already live there are fleeing. ...

Why is Florida so popular with retirees?

The southernmost state in the continental U.S. offers 237 days of sunshine per year vs. the nationwide average of 205, earning its nickname “The Sunshine State.” As seniors tend to prefer warmer climates, this alone is one of the main reasons why Florida is so popular with retirees. ...

Why is Florida no longer a retirement haven?

"Florida has long reigned as the retirement capital of the U.S., thanks to its beachfront living, world-class golf, and stunning ocean views. However, there is a dark side to the Sunshine State," Kris Bruynson, VP of Marketing and Product for Moneywise, told Newsweek. ...

Why are older adults fleeing Florida?

As damaging storms and other effects of climate change have hit Florida particularly hard in the past few years, some older adults living there have become concerned about their safety and their ability to enjoy retirement. So they’re fleeing this otherwise balmy state. ...