Don’t retire in Miami
Miami is one of the most popular cities in the United States, known for its vibrant nightlife and large Cuban-American community, to name a few. Although there are plenty of things to do in this coastal, cosmopolitan city in Southern Florida, retiring there does not come cheap.
With the median housing price around half a million dollars and an average annual expenditure for seniors of $67,873, retiring in Miami is pricier than in other Florida cities.
Instead, opt for Hialeah, Florida
Miami might not be for everyone’s budget, but this doesn’t mean you can’t still enjoy living in the Sunshine State. There are better and more affordable options to choose from, such as Hialeah, a city near Miami, with much cheaper housing and living costs than the Magic city.
Seniors will have to spend around $3000 less for the cost of living while the median housing price is $150,000 lower than in Miami. If the Florida sun is appealing to you, then Hialeah could be your ticket to the Sunshine State.