{"id":812984,"date":"2026-08-14T04:06:11","date_gmt":"2026-08-14T04:06:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/812984\/"},"modified":"2026-08-14T04:06:11","modified_gmt":"2026-08-14T04:06:11","slug":"report-fla-retirees-face-600k-cost-difference-between-coasts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/812984\/","title":{"rendered":"Report: Fla. retirees face $600K cost difference between coasts"},"content":{"rendered":"

New numbers show a growing gap between retiring in South Florida and retiring on the state’s Gulf Coast.<\/p>\n

A report from the online website 24\/7 Wall St.<\/a> said a retiree on Florida’s Gulf Coast needs roughly $550,000 in invested assets to fund retirement versus $1.15 million for the same lifestyle on the state’s Atlantic Coast.<\/p>\n

WATCH BELOW: Report: Florida retirees face $600K cost difference between coasts<\/p>\n

Report: Florida retirees face $600K cost difference between coasts<\/p>\n

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“It seems like a lot of the dynamics in Florida, particularly around insurance and housing costs, have really made it a Gulf Coast versus Atlantic conversation,” financial publisher Austin Smith of 24\/7 Wall St. said.<\/p>\n

The report looked at many retirement factors such as housing, insurance, food, utilities, transportation and healthcare.
\u00a0
“Our math was based on a three-bedroom home fairly close to the water,” Smith said. “If you moved to a place like Delray Beach or Stuart, your costs to simply live in that location could jump by as much as $20,000 a year, driven almost entirely by wind and flood coverage and additional higher property taxes.”<\/p>\n

Property taxes are a big issue in Florida, with voters deciding on a referendum this November<\/a> to raise the homestead exemption and lower property tax bills.<\/p>\n

Opponents of the referendum say cutting property taxes will only lead to raising other fees and taxes to maintain public safety and local services.<\/p>\n

“It’s always been a snowbird state, but not everybody can make that southeastern move work,” Smith said.<\/p>\n

\"Matt<\/p>\n

WPTV<\/p>\n","protected":false},"excerpt":{"rendered":"New numbers show a growing gap between retiring in South Florida and retiring on the state’s Gulf Coast.…\n","protected":false},"author":2,"featured_media":812985,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[344923,28,344924,2808,344925,147,530],"class_list":["post-812984","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-24-7-wall-st","tag-business","tag-cost-to-retire-in-florida","tag-florida","tag-how-much-do-i-need-to-retire","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/812984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=812984"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/812984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/812985"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=812984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=812984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=812984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}