According to WalletHub's rankings of the best states to retire to, Florida has once again claimed the top spot. Florida is the ideal choice if you desire a sunny, affordable, and lively location. The Sunshine State continues to offer numerous outstanding factors that make it the premier destination for retirees.

In the comparison analysis on WalletHub, across all 50 states, across 46 metrics from its affordability and health-related factors to various opportunities, Florida marks number one for the best state to retire to. Here are some spotlights on why Florida is the state many want to call their next home in 2024. 

1. Ways to save and stretch your budget: Florida offers diverse housing options and tax benefits, allowing retirees to live comfortably without straining their budget. While renowned for senior living communities like The Villages, Florida also provides a variety of housing choices, including traditional homes and other senior living communities. This flexibility enables seniors to make wise financial decisions based on their budget. The state not only presents a pristine opportunity for a better quality of life but provides ways to save more with opportunities like having no estate tax, inheritance, or income taxes, providing retirees with significant financial advantages.

2. Healthcare availability and solutions: In Florida, retirees can find numerous opportunities for affordable health and homemaker services. The state boasts a robust healthcare infrastructure, including a wide availability of doctors, top-notch public hospitals, clinics, and other critical health-related metrics. Florida is particularly attractive to Medicare beneficiaries, as it has a large population of individuals aged 65 and older who can benefit from Medicare coverage. Many clinics in Florida offer assistance with prescription medications and home healthcare services. The quality of the state's healthcare system is vital for overall well-being, and Florida ensures it is the top priority for those wishing to place their roots down here in the sunny state.

3. Attractive lifestyle and recreation: With its warm and sunny climate throughout the year, Florida is a preferred destination for those who enjoy pleasant weather and outdoor activities. Florida contains many impressive lifestyle perks and offers a diverse range of recreational activities across the state, including a Broadway experience at the Kravis Center in downtown West Palm Beach or playing a world-class round of golf in Palm Beach Gardens or Country clubs like the Addison Reserve in Delray Beach. Florida provides numerous avenues for retirees to stay healthy and active. With sunshine all around, this is the time for those who want to romanticize their lives to make every moment count. 

If you're looking for the perfect place to retire, these qualities make for an appealing choice for those looking for the ideal location to settle down in. Florida has climbed to the number one spot for many reasons, but you can't beat the affordable options, excellent healthcare, and active lifestyle.

By BeachesMLS Staff
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Source: The Palm Beach Post, WalletHub