12 Cheapest Cities To Retire in Florida in 2025

Relocating to Florida is a win-win for your retirement years. There’s warm weather year round and plenty of outdoor and cultural activities to engage in, and it’s much more affordable than if you decided to retire in California or Hawaii. 

Twelve Florida cities ranked in a new GOBankingRates study on the cheapest cities for retirement. There’s a good likelihood you’ll find a city to match your budget, too. The annual cost of living can dip as low as $43,905 in Tallahassee and reach upwards of $72,363 in Miami, for those with more substantial savings.

From lowest to highest annual cost of living, see which 12 Florida cities are the cheapest for retirement in 2025.

• Population 65+ (%): 11.4%
• Average home value: $294,481
• Mortgage (average monthly cost): $1,754
• Expenditures (average monthly cost): $1,904
• Total cost of living (annually): $43,905

• Population 65+ (%): 14.7%
• Average home value: $298,463
• Mortgage (average monthly cost): $1,778
• Expenditures (average monthly cost): $1,924
• Total cost of living (annually): $44,430

• Population 65+ (%): 20.5%
• Average home value: $388,207
• Mortgage (average monthly cost): $2,313
• Expenditures (average monthly cost): $1,967
• Total cost of living (annually): $51,358

• Population 65+ (%): 13.2%
• Average home value: $388,082
• Mortgage (average monthly cost): $2,312
• Expenditures (average monthly cost): $1,968
• Total cost of living (annually): $51,363

• Population 65+ (%): 21.5%
• Average home value: $399,110
• Mortgage (average monthly cost): $2,378
• Expenditures (average monthly cost): $1,928
• Total cost of living (annually): $51,671

• Population 65+ (%): 25%
• Average home value: $377,392
• Mortgage (average monthly cost): $2,248
• Expenditures (average monthly cost): $2,092
• Total cost of living (annually): $52,084

• Population 65+ (%): 11.1%
• Average home value: $405,721
• Mortgage (average monthly cost): $2,417
• Expenditures (average monthly cost): $1,986
• Total cost of living (annually): $52,840

• Population 65+ (%): 17.1%
• Average home value: $513,624
• Mortgage (average monthly cost): $3,060
• Expenditures (average monthly cost): $2,055
• Total cost of living (annually): $61,380

• Population 65+ (%): 19.6%
• Average home value: $578,524
• Mortgage (average monthly cost): $3,447
• Expenditures (average monthly cost): $2,046
• Total cost of living (annually): $65,914

• Population 65+ (%): 20.4%
• Average home value: $568,617
• Mortgage (average monthly cost): $3,388
• Expenditures (average monthly cost): $2,107
• Total cost of living (annually): $65,939

• Population 65+ (%): 19.5%
• Average home value: $599,728
• Mortgage (average monthly cost): $3,573
• Expenditures (average monthly cost): $2,076
• Total cost of living (annually): $67,789

• Population 65+ (%): 16.3%
• Average home value: $656,379
• Mortgage (average monthly cost): $3,910
• Expenditures (average monthly cost): $2,120
• Total cost of living (annually): $72,363

Discover more original studies and surveys in the GOBankingRates original research center.

Methodology: GOBankingRates identified cities with populations of at least 150,000 and a population percentage of residents age 65 and over of at least 10%. Total population, population ages 65 and over, total households and household median income all were sourced from the U.S. Census American Community Survey. The cost-of-living indexes were sourced from Sperling’s BestPlaces and include the grocery, healthcare, housing, utilities, transportation and miscellaneous cost of living. Using the cost-of-living indexes and the national average expenditure costs for retired households, as sourced from the Bureau of Labor Statistics Consumer Expenditure Survey for retired households, the average expenditure cost for each location was calculated. The average home value was sourced from Zillow Home Value Index for December 2024 and the average mortgage was calculated using the national average 30-year fixed mortgage rate, as sourced from the Federal Reserve Economic Data. Using the average mortgage and average expenditure costs, the average cost of living was calculated. All data was collected on and is up to date as of Feb. 18, 2025.