Art Wager \/ Getty Images <\/p>\n
It\u2019s easy to see why Florida is one of America\u2019s most popular retirement destinations, as the Sunshine State does not tax Social Security, 401(k)s or pensions, there is no estate or inheritance tax, and the state basks in warm, tropical weather. It\u2019s a perfect state for retirees to live out their golden years, assuming they can afford it.<\/p>\n
Recently, GOBankingRates conducted a study to find the best cities in every state for retirees with $500,000 in savings. To do so, GOBankingRates used the U.S. Census Bureau\u2019s 5-year American Community Survey to determine the retirement populations and household median incomes of cities in every state, including Florida. Then, cost-of-living indexes were taken from Sperling\u2019s BestPlaces to determine monthly and yearly costs of living, as well as how long a 20-year retirement would cost in each city. Finally, GOBankingRates ranked the cities from highest to lowest in terms of their overall livability, ultimately finding the 36 best Florida locations for a $500,000 retirement.<\/p>\n
\u00a9Shutterstock.com <\/p>\n
Livability score:\u00a083<\/p>\n
Cost of living for 20 years for a single person (with Social Security):\u00a0$470,593<\/p>\n
Annual cost of living:\u00a0$47,558<\/p>\n
Monthly cost of living: $3,963<\/p>\n
Average monthly mortgage: $2,047<\/p>\n
Discover More: I Asked ChatGPT How Much Money I\u2019ll Need To Retire in 5 Years \u2014 Here\u2019s What It Said<\/a><\/p>\n Learn More: 5 Clever Ways Retirees Are Earning Up To $1K per Month From Home<\/a><\/p>\n Livability score:\u00a083<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$482,480<\/p>\n Annual cost of living:\u00a0$48,153<\/p>\n Monthly cost of living: $4,013<\/p>\n Average monthly mortgage: $2,159<\/p>\n That\u2019s Interesting: I\u2019m a Financial Expert \u2014 This is the No. 1 Mistake Americans Make With Their Roth IRAs<\/a><\/p>\n Learn More: I\u2019m a Financial Expert \u2014 This Is the No. 1 Thing Every American Should Do With Their 401(k)<\/a><\/p>\n Livability score:\u00a080<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$419,742<\/p>\n Annual cost of living:\u00a0$45,016<\/p>\n Monthly cost of living: $3,751<\/p>\n Average monthly mortgage: $1,815<\/p>\n Livability score:\u00a076<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$416,376<\/p>\n Annual cost of living:\u00a0$44,847<\/p>\n Monthly cost of living: $3,737<\/p>\n Average monthly mortgage: $1,817<\/p>\n Livability score:\u00a076<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$430,204<\/p>\n Annual cost of living:\u00a0$45,539<\/p>\n Monthly cost of living: $3,795<\/p>\n Average monthly mortgage: $1,861<\/p>\n Livability score:\u00a076<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$431,962<\/p>\n Annual cost of living:\u00a0$45,627<\/p>\n Monthly cost of living: $3,802<\/p>\n Average monthly mortgage: $1,863<\/p>\n Story Continues <\/p>\n Livability score:\u00a076<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$491,973<\/p>\n Annual cost of living:\u00a0$48,627<\/p>\n Monthly cost of living: $4,052<\/p>\n Average monthly mortgage: $2,225<\/p>\n Livability score:\u00a074<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$386,727<\/p>\n Annual cost of living:\u00a0$43,365<\/p>\n Monthly cost of living: $3,614<\/p>\n Average monthly mortgage: $1,718<\/p>\n See More: Here\u2019s What Retirees Wasted the Most Money On in 2025 \u2014 and How To Avoid It in 2026<\/a><\/p>\n Livability score:\u00a074<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$431,346<\/p>\n Annual cost of living:\u00a0$45,596<\/p>\n Monthly cost of living: $3,800<\/p>\n Average monthly mortgage: $1,734<\/p>\n Livability score:\u00a074<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$431,912<\/p>\n Annual cost of living:\u00a0$45,624<\/p>\n Monthly cost of living: $3,802<\/p>\n Average monthly mortgage: $1,800<\/p>\n Livability score:\u00a073<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$403,506<\/p>\n Annual cost of living:\u00a0$44,204<\/p>\n Monthly cost of living: $3,684<\/p>\n Average monthly mortgage: $1,763<\/p>\n Livability score:\u00a073<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$420,069<\/p>\n Annual cost of living:\u00a0$45,032<\/p>\n Monthly cost of living: $3,753<\/p>\n Average monthly mortgage: $1,758<\/p>\n Livability score:\u00a073<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$437,680<\/p>\n Annual cost of living:\u00a0$45,913<\/p>\n Monthly cost of living: $3,826<\/p>\n Average monthly mortgage: $1,874<\/p>\n Also See: How Much the Average Middle Class Retiree Spends Monthly at Age 68<\/a><\/p>\n Livability score: 73<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$477,795<\/p>\n Annual cost of living:\u00a0$47,918<\/p>\n Monthly cost of living: $3,993<\/p>\n Average monthly mortgage: $2,087<\/p>\n Livability score:\u00a072<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$386,008<\/p>\n Annual cost of living:\u00a0$43,329<\/p>\n Monthly cost of living: $3,611<\/p>\n Average monthly mortgage: $1,720<\/p>\n Livability score:\u00a072<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$455,580<\/p>\n Annual cost of living:\u00a0$46,808<\/p>\n Monthly cost of living: $3,901<\/p>\n Average monthly mortgage: $1,986<\/p>\n Livability score:\u00a071<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$377,333<\/p>\n Annual cost of living:\u00a0$42,895<\/p>\n Monthly cost of living: $3,575<\/p>\n Average monthly mortgage: $1,612<\/p>\n Livability score:\u00a071<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$391,873<\/p>\n Annual cost of living:\u00a0$43,622<\/p>\n Monthly cost of living: $3,635<\/p>\n Average monthly mortgage: $1,730<\/p>\n Know More: Here\u2019s How Much You Need To Retire With a $100K Lifestyle<\/a><\/p>\n Livability score:\u00a071<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$396,878<\/p>\n Annual cost of living:\u00a0$43,873<\/p>\n Monthly cost of living: $3,656<\/p>\n Average monthly mortgage: $1,779<\/p>\n Livability score:\u00a071<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$398,734<\/p>\n Annual cost of living:\u00a0$43,965<\/p>\n Monthly cost of living: $3,664<\/p>\n Average monthly mortgage: $1,706<\/p>\n Livability score:\u00a071<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$482,683<\/p>\n Annual cost of living:\u00a0$48,163<\/p>\n Monthly cost of living: $4,014<\/p>\n Average monthly mortgage: $2,159<\/p>\n Livability score:\u00a070<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$261,924<\/p>\n Annual cost of living:\u00a0$37,125<\/p>\n Monthly cost of living: $3,094<\/p>\n Average monthly mortgage: $1,223<\/p>\n Livability score:\u00a070<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$418,124<\/p>\n Annual cost of living:\u00a0$44,935<\/p>\n Monthly cost of living: $3,745<\/p>\n Average monthly mortgage: $1,830<\/p>\n Retirement Net Worth: How Your Savings Compare to the Average Retiree<\/a><\/p>\n Livability score:\u00a070<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$450,710<\/p>\n Annual cost of living:\u00a0$46,564<\/p>\n Monthly cost of living: $3,880<\/p>\n Average monthly mortgage: $1,951<\/p>\n Livability score:\u00a069<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$279,504<\/p>\n Annual cost of living:\u00a0$38,004<\/p>\n Monthly cost of living: $3,167<\/p>\n Average monthly mortgage: $1,277<\/p>\n Livability score:\u00a069<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$458,207<\/p>\n Annual cost of living:\u00a0$46,939<\/p>\n Monthly cost of living: $3,912<\/p>\n Average monthly mortgage: $2,000<\/p>\n Livability score:\u00a067<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$401,449<\/p>\n Annual cost of living:\u00a0$44,101<\/p>\n Monthly cost of living: $3,675<\/p>\n Average monthly mortgage: $1,711<\/p>\n Check Out: The Realistic Minimum Retirement Savings Needed, According to Experts<\/a><\/p>\n Livability score:\u00a066<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$301,904<\/p>\n Annual cost of living:\u00a0$39,124<\/p>\n Monthly cost of living: $3,260<\/p>\n Average monthly mortgage: $1,417<\/p>\n Livability score:\u00a066<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$356,789<\/p>\n Annual cost of living:\u00a0$41,868<\/p>\n Monthly cost of living: $3,489<\/p>\n Average monthly mortgage: $1,641<\/p>\n Livability score:\u00a065<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$291,352<\/p>\n Annual cost of living:\u00a0$38,596<\/p>\n Monthly cost of living: $3,216<\/p>\n Average monthly mortgage: $1,357<\/p>\n Livability score:\u00a065<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$301,102<\/p>\n Annual cost of living:\u00a0$39,084<\/p>\n Monthly cost of living: $3,257<\/p>\n Average monthly mortgage: $1,415<\/p>\n Livability score:\u00a065<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$315,462<\/p>\n Annual cost of living:\u00a0$39,802<\/p>\n Monthly cost of living: $3,317<\/p>\n Average monthly mortgage: $1,436<\/p>\n Good Question: What Is a Good Monthly Retirement Income?<\/a><\/p>\n Livability score:\u00a064<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$294,744<\/p>\n Annual cost of living:\u00a0$38,766<\/p>\n Monthly cost of living: $3,230<\/p>\n Average monthly mortgage: $1,392<\/p>\n Livability score:\u00a062<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$349,476<\/p>\n Annual cost of living:\u00a0$41,502<\/p>\n Monthly cost of living: $3,459<\/p>\n Average monthly mortgage: $1,670<\/p>\n Livability score:\u00a061<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$283,877<\/p>\n Annual cost of living:\u00a0$38,223<\/p>\n Monthly cost of living: $3,185<\/p>\n Average monthly mortgage: $1,307<\/p>\n Livability score:\u00a060<\/p>\n Cost of living for 20 years for a single person (with Social Security):\u00a0$363,826<\/p>\n Annual cost of living:\u00a0$42,220<\/p>\n Monthly cost of living: $3,518<\/p>\n Average monthly mortgage: $1,656<\/p>\n Editor\u2019s note: Photos are for representational purposes only and might not reflect the exact locations listed.<\/p>\n Methodology: For this study, GOBankingRates analyzed cities across the United States to find the best places to retire with $500,000 in savings. Using the 2023 5-year US Census American Community Survey, cities with at least 1,000 residents ages 65 and over were identified. Population and income data were sourced from the US Census American Community Survey. The cost-of-living indexes were sourced from Sperling\u2019s BestPlaces and the national average expenditure costs for retired households were sourced from the Bureau of Labor Statistics Consumer Expenditure Survey for retired consumer units; the average expenditure cost for each location was then calculated. Mortgage data was determined using Zillow Home Value Index and Federal Reserve Economic Data. The average Social Security income was sourced from the Social Security Administration\u2019s Monthly Statistical Snapshot, and the 20-year cost of retirement was calculated. The livability was sourced from AreaVibes and used to determine the overall quality of life, representing the \u201cbest\u201d places. The cities with a 20-year cost of retirement under $500,000 were sorted to show the highest quality of life, representing the best places you can retire with $500,000 in savings. All data was collected on Aug. 7, 2025.<\/p>\n More From GOBankingRates<\/p>\n This article originally appeared on GOBankingRates.com<\/a>: 36 Best Florida Cities To Retire With $500K in Savings<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Art Wager \/ Getty Images It\u2019s easy to see why Florida is one of America\u2019s most popular retirement…\n","protected":false},"author":2,"featured_media":131224,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[8373,28,30,29,64590,4944],"class_list":{"0":"post-131223","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-florida","8":"tag-cost-of-living","9":"tag-florida","10":"tag-florida-headlines","11":"tag-florida-news","12":"tag-livability-score","13":"tag-social-security"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/131223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=131223"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/131223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/131224"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=131223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=131223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=131223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} TriggerPhoto \/ Getty Images <\/p>\n
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