- Fort Myers, Florida – Fort Myers metro area is located on Florida’s Gulf Coast. It boasts a number of beaches within its reach, like Fort Myers Beach and Sanibel and Captiva Islands. The median home cost for those age 60 and older is $200,200. The median monthly mortgage payment is $1,364, while monthly costs for a paid-off house is $562. The median rent is $1,033 per month.
- Sarasota, Florida – Just about an hour south of Tampa, Sarasota is a popular tourist and retirement destination because everyone wants to sink in that white, powdery sand beaches like those on Siesta Key. Approximately 26.5% of the population that visited Sarasota County is aged 65 and older, as a recent study conducted by GoBankingRates has found.
- Daytona Beach, Florida – If you want to opt for a cheaper retirement option, choose Daytona Beach on Florida’s Atlantic coast. You’ll have plenty of large motorsports events each year because NASCAR is headquartered in the area. The median home price for those age 60 and older is $160,200. The median mortgage payment is $1,173 per month, while the monthly cost of a mortgage-free home is $433. The median monthly rent is $910.
- San Diego – San Diego is situated on the Pacific Ocean in southern California, offering miles of shoreline, a boardwalk and many amusement parks. It’s a bit pricier than other places in Florida, the median home price for those age 60 and older being $483,600.
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