Among all the United States, Florida is the favorite of many Americans. This is due to its climate and its special places. Therefore, it is not crazy to think that many American citizens who live only on their Social Security want to live their years of rest in one of the cities of Florida.
It is true that it is not the cheapest state to live in, but it is worth it for its quality of life, especially if you have a slightly higher than average Social Security retirement benefit.
Living in the State of Florida can be a daily adventure if we know the places we have to go. For that reason, for many retirees it is a perfect destination. If you plan to collect only Social Security in the near future, this list may be useful for you. In it you will find the best places in Florida to live on retirement alone. The average prices you’ll find depend on many factors, so check the facts in the area before you finally decide to move.
The best places in Florida to live on Social Security alone
If you have good Social Security retirement benefits and want to live in Florida, pay attention to the following cities. Remember that in prices we are talking about average expenses, so prices are not the same for everyone. It all depends on the situation. Let’s take a look at 5 cities in Florida where you can live in single retirement:
The city of Melbourne has very low healthcare costs, as they are lower than the national average by 5.6%. In the Grocery shopping section this city is in the average. Rents are lower than many other cities in Florida, so it is a good place to live on Social Security. The average rent for a 1 bedroom home is just $1,200. Also, the standard of living is very high and goes up to 75, so it’s perfect.
Total Monthly Expenses: $2,839.84
2022 One bedroom rent: $1,200.83
In Jacksonville you can live on a maximum retirement benefit. The monthly expense is under $3,000, but the quality of life is very high. To rent a room you have to pay around $1,180. It is worth it for all the amenities the place can offer.
Total monthly expenses: $2,837.22
2022 One Bedroom Rent: $1,182.33
With a quality of life score of 80 points, Palm Bay is one of the best places to live on Social Security retirement. The average rent costs less than $1,900 and has the lowest healthcare costs in Florida. Add to all this the number of activities that can be done in this city.
Total Monthly Expenses: $2,820.10
2022 One Bedroom Rent: $1,189.33
The price of rent in Winter Garden is quite low, as it barely exceeds $1,000. Despite this, we may find grocery expenses a little higher than in the rest of the cities. Anyway, the total price compensates a little bit the situation to be able to live with only Social Security.
Total monthly expenses: $2,802.81
2022 One-bedroom rent: $1,103.40
Despite being the cheapest city on the list, it may not be a favorite of many. Gainesville’s problem is the quality of life, which drops to 65 points. But living on Social Security alone is only possible because the rent is around $1,000 and the total monthly cost is just over $2,700. The final decision is personal and it all depends on whether you have Full Retirement Age or Early Retirement Age, as the pension amount changes a lot in these cases.