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.