5 Florida Cities That Are Getting Too Expensive for Retirees

3. Palm Beach

Insider Monkey Score: 43    

Median Home Price: $1,900,000     

1-Year Percentage Change: 18.8%

5-Year Percentage Change: 32.4%

Cost of Living Index: 114.1

Situated on the Atlantic Coast, Palm Beach is another expensive city that retirees can forget to relocate to. The residential landscape of Palm Beach has reached new heights, with the median home price soaring to an impressive $1.9 million. This marks an astonishing 18.8% surge in the past year and a substantial 32% increase over the preceding 5 years. In Nov ’23 – Jan ’24, 26% of homebuyers in the area searched to move, and the most popular destinations for them to move to include Cape Coral, Orlando, and Jacksonville.