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The Independent UK
The Independent UK
Business
J.R. Duren

Goodbye, Florida: How the Sunshine State has become too expensive for many retirees

Amid the pages of an old Virginia newspaper from 1958 lies an article heralding what has been an enduring sentiment for decades: Florida is the place to retire.

The article highlights the state’s lack of income tax (there were no property taxes at the time, either), its balmy climate, and this observation about its real estate prices: “Besides the climate, many older people planning retirement have found the prices of homes attractive in Florida. For example: Two bedroom homes cost between 20 and 40 per cent less than homes in most of the rest of the country.”

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