Rising Cost of Living in Florida for Retirees
Florida, a popular retirement destination, is becoming increasingly unaffordable due to rising property prices and cost of living. Small towns like Malone, Greenwood, and Coleman are seeing significant increases in home values and monthly expenses. Retirees are being priced out of these areas, leading many to consider moving to more affordable states like Georgia and Delaware, which was recently ranked the best state for retirement due to its reasonable cost of living, healthcare, and low crime rate.
Key Points
- Florida's property prices and cost of living have been increasing, making it less affordable for retirees
- Small towns like Malone, Greenwood, and Coleman are becoming more expensive for retirees
- Many retirees are considering moving to more affordable states like Georgia and Delaware
- Delaware was recently ranked the best state for retirement due to its tax-friendly environment and quality of life