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A new report from Wallethub has ranked Florida as the best state in the U.S. to retire in 2025. The ranking is based on three key factors: affordability, quality of life, and healthcare.
The study highlights that Florida ranks second in affordability and quality of life, making it a highly attractive option for retirees. A key element of its appeal is the absence of taxes on income, inheritances, or estates, which benefits those living on fixed incomes.
In addition to tax benefits, the state offers a vibrant lifestyle with a wide variety of recreational activities, such as beaches, golf courses, theaters, and a rich cultural offering—factors that contribute to a high quality of life for retirees.
In terms of health, Florida ranks 27th nationwide. However, it stands out for having the third lowest mortality rate among adults aged 65 and older, suggesting that despite its overall ranking in this sector, it remains a favorable destination for seniors.
Other states listed among the best places for retirement in 2025 include Minnesota, Colorado, Wyoming, and South Dakota, according to Wallethub's analysis.
With its warm climate, focus on outdoor living, and tax-friendly environment for retirees, Florida continues to establish itself as a preferred destination for those looking to enjoy a high quality of life and economic benefits in their retirement.
This is not the first time Florida has positioned itself as a preferred destination for retirement.
In 2024, WalletHub also ranked the state in second place among the best states to live, highlighting its low unemployment rate of 2.9% and an abundance of job opportunities.
Additionally, cities like Miami have been recognized as some of the best places to retire in the United States, according to a 2020 study.
However, it is important to consider some challenges. For example, in 2023, Miami was the city with the highest increase in inflation in the country, with a 9% rise in the consumer price index.
Additionally, certain areas in South Florida, such as Fort Lauderdale, have been labeled among the most unsafe in the country, according to a 2024 report.
Despite these challenges, Florida remains an attractive destination for retirees, offering a combination of tax benefits, pleasant weather, and various recreational options.
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