15 Florida Cities Where Social Security Can Cover Your Living Expenses
This post may contain affiliate links.
Retirement is a time to put your feet up, try new and exciting things, and actively do the things you were not able to do when you were working. But those already relying on Social Security are finding the rising cost of living a challenge. Thankfully, Florida has plenty of places retirees can live comfortably on Social Security — places with warm, scenic weather.
The Social Security Administration says the average monthly Social Security benefit for retired workers in 2023 was $1,830.66. However, if planned correctly, this amount could comfortably pay the bills in some Florida cities. Read on to explore 20 of these hidden gems.
Cape Coral
Cape Coral, located on the Gulf Coast, is known for its canals, waterfront properties, and outdoor recreational opportunities. It’s a city that offers the charm of coastal living without the high costs often associated with it.
The cost of living in Cape Coral is below the national average, with housing options that are both affordable and appealing.
Jacksonville
Jacksonville, the largest city by area in the continental United States, offers a diverse range of neighborhoods and lifestyles. The cost of living in Jacksonville is lower than the national average, with affordable housing options available throughout the city.
According to NeighborhoodScout, Jacksonville is one of the more affordable large cities in Florida, making it an attractive option. For retirees who appreciate urban amenities but seek affordability, Jacksonville presents a compelling choice.
Palm Coast
Nestled between St. Augustine and Daytona Beach, Palm Coast offers a serene and affordable environment for retirees. The city boasts a low cost of living and a housing market that is accessible to those on a fixed income.
With over 125 miles of bike and walking trails, Palm Coast is a haven for outdoor enthusiasts.
Pensacola
Located in the Florida Panhandle, Pensacola is a city rich in history and Southern charm. With a cost of living below the national average, it offers an affordable lifestyle for retirees. The housing market is particularly attractive, with median home prices well within reach for those on Social Security.
The city’s beautiful beaches, cultural festivals, and historic sites provide a vibrant and enriching environment for retirees. For those seeking affordability and community, Pensacola is a top contender.
Melbourne
Melbourne, located on Florida’s Space Coast, combines affordability with a dynamic cultural scene. The city offers a cost of living below the national average, with housing options that are attractive to retirees.
According to BestPlaces, Melbourne is one of the most affordable cities on the Space Coast.
Spring Hill
Spring Hill, located in Hernando County, offers retirees a quiet and affordable lifestyle. The city’s cost of living is significantly below the national average, with a housing market that is accessible to those on a fixed income.
The natural beauty of the area, with its parks and wildlife preserves, provides ample opportunities for outdoor activities.
Deltona
Strategically located between Orlando and Daytona Beach, Deltona offers affordability with the convenience of nearby metropolitan areas. The city’s cost of living is below the national average, with reasonably priced housing options.
According to Zillow, Deltona provides some of the most affordable housing in the region.
Fort Pierce
Fort Pierce, known as the “Sunrise City,” is a charming coastal town with a rich history and an affordable cost of living. The city’s housing market is accessible to retirees, with median home prices below the national average.
Fort Pierce’s beautiful beaches and historic downtown make it an attractive place to retire.
Kissimmee
Located near Orlando, Kissimmee offers a blend of affordability and entertainment. The city’s cost of living is below the national average, with housing options that are appealing to retirees.
Proximity to Walt Disney World and other attractions provides endless opportunities for fun and adventure.
Panama City
Panama City in the Florida Panhandle offers a relaxed and affordable coastal lifestyle. The city’s cost of living is below the national average, with a housing market that is accessible to retirees.
Panama City’s beautiful beaches and outdoor recreational opportunities make it an appealing place to retire.
Sebring
Sebring is well known for its historic downtown and scenic beauty. The city’s cost of living is below the national average, with housing options that are attractive to those on a fixed income.
Sebring’s lakes and parks provide ample opportunities for outdoor activities and relaxation.
Port Charlotte
Located on Florida’s Gulf Coast, Port Charlotte offers a relaxed and affordable lifestyle for retirees. The city’s cost of living is below the national average, with housing options that are appealing to those on a fixed income.
Port Charlotte’s beautiful waterways and parks make it an attractive place for outdoor enthusiasts.
Ocala
Ocala is in the heart of Florida and enjoys a reputation for natural splendor and equestrian culture. In fact it combines historic charm with modern amenities that make it an attractive choice for retirees. The median home price in Ocala, according to Zillow, is around $250,000 — much less than the national average.
Between that affordability and a low cost of living index, your Social Security checks will go further here. The city’s vibrant community centers and lush parks add to its allure, providing plenty of opportunities for socializing and outdoor activities.
Lakeland
Lakeland’s cost of living index is below the national average, giving a low cost of living lifestyle for those on a fixed income. According to Redfin, the housing market is quite good, with a median price of the $427,989.
Nature lovers will enjoy the city’s many lakes and parks, and the arts fans will be nurtured as well with a busy scene. The city boasts numerous lakes and parks for nature lovers and a thriving arts scene for those interested in cultural pursuits.
Gainesville
Home to the University of Florida, Gainesville is a lively city with a youthful spirit and abundant cultural offerings. While it might be known as a college town, Gainesville also offers a welcoming environment for retirees.
The cost of living is manageable, with a reasonably priced housing market. According to U.S. News & World Report, Gainesville ranks as one of the most affordable places to live in Florida.
Disclaimer – This list is solely the author’s opinion based on research and publicly available information.
7 Money Rules The Rich Don’t Want You To Know
7 Money Rules The Rich Don’t Want You To Know
15 Creative Coffee Bar Ideas to Start Your Morning Off Right
15 Creative Coffee Bar Ideas to Start Your Morning Off Right
11 Must-Have Finds For Enhancing Your Family Movie Nights
Affordable Home Entertainment: 11 Must-Have Finds For Enhancing Your Family Movie
