More Retirees Head To Florida For Warm Weather, Lower Taxes

Hibiscus Flower at Mizner Park in Downtown Boca Raton along the shopping center in Palm Beach County, Florida. Three exposure HDR image processed in Photomatix.

Mizner Park in Downtown Boca Raton, Palm Beach County

Florida’s sunny weather and low taxes continue to attract people relocating in search of a more rewarding retirement.

Florida continues to be a top retiree destination, attracting 57,724 new residents in 2014, the latest year statistics were available.

“More people over the age of 60 flocked to Florida than the next most popular four states combined,” says Amy Hoak of Marketwatch.

“The Sunshine State’s mix of beaches, weather, and low taxes make it an obvious destination for retirement relocation,” according to researchers at SmartAsset, who put together the analysis using Census Bureau data.

Three Florida cities appeared on the list of cities attracting the most new residents – Cape Coral, Jacksonville and Port St. Lucie. Newcomers moving to Florida are credited with bringing in millions of new spending.

 

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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