Reported 6 months ago
Florida is losing its appeal among retirees due to rising home prices driven by remote workers and the wealthy, causing those on fixed incomes to struggle. In just five years, the median price of a single-family house in Florida increased by 60%, leading many retirees to seek more affordable alternatives like Limestone County, Alabama, known for its low property taxes and warm weather. As a result, retirees are exploring towns like Sequim, Washington; Linden, Michigan; and Thermopolis, Wyoming for affordable housing, tax benefits, and proximity to major cities. It is recommended for retirees to continue investing, save for emergencies, update estate plans, and aim to be debt-free to ensure financial security in retirement.
Source: YAHOO