Why do people retire in Florida?

The age old question on why people retire in Florida.
For seniors, it’s important to feel settled and enjoy where they live when they choose the right place to retire. Although many seniors currently reside in New York, more people are choosing to relocate to Florida. There are many benefits available to seniors when they choose to move to Florida and leave New York as they continue to enjoy the Golden Years.

1. Avoid Paying State Income Tax

One of the main reasons many seniors choose to settle down in Florida is because the state offers a lower cost of living. Florida doesn’t require residents to pay state income tax, which can offer a lot more flexibility with your monthly budget. Living in New York means having to pay state income tax that ranges from four to eight percent, which can add up each year. This can reduce how much you obtain from your private pension, even though social security benefits aren’t taxed. You can use the savings to take more trips or live in a better home.

2. Plenty of Activities

It’s easy to stay busy and have an active life when you choose to move to Florida. The state always has activities and events that are available to seniors to ensure they can truly enjoy their retirement and meet other people. You can choose to spend time outdoors or even relax in your lanai.

3. Plenty of Company

Because of the number of retirees that now live in Florida, it makes it easy to meet new people in all settings. Many seniors can be found at the local community centers or volunteering at different establishments, which means you don’t have to worry about spending your time alone. It actually ranks second out of all the states with the highest population of retirees.

4. Better Weather

The weather is the main draw for many seniors who are looking to spend time in a warm climate that has consistent weather throughout the year. Florida is known as a warm and humid location that doesn’t experience heavy rainfall or snow each season. This is ideal for many seniors who have health issues or want to feel more cheery and have a lifted mood during the fall and winter seasons. The weather also makes it possible to spend more time outdoors, whether you lounge on the beach or take a walk each day. You don’t have to feel cooped up inside or worry about getting snowed in, which can make it a lot easier to live in Florida compared to New York.

There are many advantages Florida offers, making the state a desirable place for seniors who want to enjoy a higher quality of life. Although it can be a transition to leave New York, the benefits can make it worthwhile for many individuals.