This article takes a look at the 5 best places in Florida for a couple to live on only social security. If you wish to check out our detailed analysis of Florida’s real estate market, you may go to 15 Best Places in Florida for a Couple to Live on Only Social Security.
5. Avon Park
Insider Monkey Score: 17
Cost of Living Index: 83
Average Monthly Rent: $1,000
Median Listing Home Price: $195,000
Besides its affordability, Avon Park is a nice place to retire in Florida because of its peaceful ambiance. Nestled amidst natural splendor; the nearby lakes, parks, and nature reserves offer an idyllic retreat for seniors seeking a perfect day escape. Seniors also get a chance to engage in local events, social gatherings, and volunteer activities, promoting a supportive and friendly environment. The “City of Charm” effortlessly captivates retirees, drawing them in with its irresistible allure.
4. Perry
Insider Monkey Score: 18
Cost of Living Index: 77.4
Average Monthly Rent: $1,300
Median Listing Home Price: $225,000
Home to a mild climate and pristine natural beauty, Perry is an ideal choice for seniors seeking the right balance between affordability, tranquility, and comfort. Outdoor enthusiasts seek solace in the nature spots nearby where they engage in activities such as fishing, hiking, and other pursuits. The strong sense of community is another plus point of this city, making it an ideal place to retire. Access to cultural attractions and healthcare facilities further enhance the appeal of Perry amongst retirees.
3. Sebring
Insider Monkey Score: 20
Cost of Living Index: 83
Average Monthly Rent: $1,475
Median Listing Home Price: $235,000
Renowned as “The City of the Circle,” Sebring, Florida, captivates with its distinctive circular layout—from which its name is derived. The city is also revered for its affordability, natural beauty, and numerous opportunities for outdoor recreation. Its downtown district is filled with plentiful restaurants and boutique shops that retirees can explore. There are abundant parks and lakes as well, such as the Highlands Hammock State Park, where retirees enjoy fishing and boating.
2. Inverness
Insider Monkey Score: 21
Cost of Living Index: 87.8
Average Monthly Rent: $1,300
Median Listing Home Price: $250,000
Located in the scenic heart of Citrus County, Inverness appeals to retirees with its unparalleled charm. Boasting a reasonable cost of living and a range of affordable housing options, the city ensures residents can stretch their retirement income here. Nature enthusiasts especially find solace in the city’s proximity to lakes, rivers, and the Gulf of Mexico, enabling them to enjoy the outdoor life. There is a strong sense of community, with many events and social gatherings happening throughout the year. Reliable healthcare services, a small-town atmosphere, and a blend of cultural amenities make Inverness one of the best places to retire on social security.
1. Edgewater
Insider Monkey Score: 23
Cost of Living Index: 94.9
Average Monthly Rent: $2,000
Median Listing Home Price: $311,000
Edgewater can be a nice place to retire for those seeking a riverside lifestyle. It is located along the Indiana River, offering retirees the chance to indulge in the many water-sports available. There is a beautiful river walk where seniors love to walk, bike, and jog. Wildlife enthusiasts especially love the city because it is home to many species of birds, dolphins, fish, and other wildlife. Overall, it is a nice place to retire on social security.
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