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Kiplinger
Kiplinger
Business
Donna Fuscaldo

Thinking of Retiring to Florida? These Hidden Costs Could Drain Your Budget

DGJCE7 Happy Romantic Couple Walking on the Beach.

It’s easy to see why Florida is a haven for retirees. Between the year-round warm weather, miles of coastline, and zero state income tax, the Sunshine State is already home to roughly 5 million people 65 and older.

However, relocating doesn't guarantee a lower cost of living, even for those moving from high-cost northern states. Unforeseen expenses in Florida can easily derail an otherwise solid retirement budget.

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