GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.
Thats roughly 20% of the states overall population.
Some of the most egregious in my experience are Naples, Sarasota and Palm Beach.
Naples
Naples makes the list of most overpriced retirement towns in Florida for several reasons.
According to Macoviak, the high cost of homes is just part of it.
Only transportation and utilities are cheaper.
Sarasota
Like Naples, Sarasotascost of livingis higher than many other parts of the state and country.
Even lower-priced homes are still above $1 million.
The main costs to consider arehousing, healthcare and taxes, said Macoviak.
Property taxes and homeowners insurance in Florida are high compared to other states.
Healthcare costs are also higher than average here.
Be sure to factor in your lifestyle choices and needs when calculating your overall costs, too.
Things like entertainment and dining out can be extra pricey in places like Sarasota, Naples and Palm Beach.
Some towns have become such destinations thatrestaurants and activitieshave increased prices tremendously, Macoviak said.
A lower-key town with naturally beautiful surroundings may end up being more budget-friendly.
Average home prices were sourced from Zillow.
Average rental prices were sourced from RentCafe.
Cost of living and recommended annual income were sourced from BestPlaces.
More From GOBankingRates
Share This Article:
