5 Florida Cities That Are Getting Too Expensive for Retirees

This article takes a look at the 5 Florida cities that are getting too expensive for retirees. If you wish to check out our detailed analysis on retirement challenges, you may go to 13 Florida Cities That Are Getting Too Expensive for Retirees.

5. Marco Island

Insider Monkey Score: 37    

Median Home Price: $1,300,000     

1-Year Percentage Change: 17.5%

5-Year Percentage Change: 116%

Cost of Living Index: 113

Marco Island has become increasingly exclusive for retirees, with a current median home price of $1,300,000. The real estate landscape has seen a remarkable 17.5% surge in the past year alone, along with an astounding 116% increase over the last five years. This upward trajectory in home values reflects a substantial shift, making the island a more expensive retirement destination to even consider. The Cost of Living Index stands at 113, which signifies that living expenses here are 13% higher than the national average.