Florida has long been considered a retirement mecca; a new study just confirmed that.
Earlier this week, the financial analysis firm WalletHub released a study that declared Florida the No. 1 state in America for retirees, as the Tampa Free Press reported.
Republican Gov. Ron DeSantis trumpeted the findings.
“Florida’s strong economy and low taxes create opportunities for families which is why Florida continues to lead the nation in net in-migration,” DeSantis said in a statement. “We are proud to be the top destination for retirement.”
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WalletHub’s study consisted of analyzing 46 factors spread across three general areas: affordability, quality of life, and health care.
Florida ranked first overall.
It also was the top-ranked state for quality of life.
WalletHub pegged the Sunshine State in fourth place for affordability and 29th in health care.
“Florida isn’t known as a retirement paradise for nothing – it ranks as the best state to retire due to its relatively low taxes for retired people, including no estate, inheritance or income taxes. The cost of adult day health care (health services for seniors who don’t need around-the-clock care) and homemaker services are also lower than in most other states,” WalletHub said in its summary.
“In addition to financial factors, Florida provides an ideal environment for retirees. It has the second-most shoreline miles of any state, allowing for plenty of relaxing at the beach. It also ranks among the top states for adult volunteer activities, theater companies, golf courses and country clubs,” the report added.
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“There are plenty of ways for seniors to stay healthy and happy, which is reflected in the fact that Florida has one of the lowest death rates for people aged 65 and older in the country.”
“Unfortunately,” the firm noted, “the overall cost of living is pretty high in Florida compared to other states, but that doesn’t stop the Sunshine State from taking the top spot for retirees.”
Colorado came in second, with Virginia, Delaware, and Wyoming rounding out the top five.
Oklahoma, Rhode Island, Mississippi, New Jersey, and Kentucky were at the bottom of the pile (as ranked 46th through 50th).
In a Tuesday press release, the governor’s office added, “Florida continues to attract new residents to Florida because of the state’s favorable tax structure, low crime rate, and record economic growth that provides opportunities for Florida families.”
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“In recent months, Florida has also ranked #1 for talent attraction by Lightcast and #1 for entrepreneurship by The Digital Project Manager, and Florida leads the nation in new business formations, with more than 2.8 million new businesses formed since 2019. These rankings continue to demonstrate that Florida’s investments in workforce education, strong infrastructure, and economic development have propelled Florida forward and created a strong economy that creates opportunities for families.”
On top of all that, Florida remains the fastest-growing state in the country, amid historically high flight from left-wing enclaves such as California, New York and Illinois.
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