Why Florida Is No Longer The Best State To Retire In
So, in 2022 Florida was named as the best state to retire in. Now, it isn’t even in the Top 5. So, what happened? Bankrate came up the best and worst states to retire in 2023. Last year Florida was #1 state to retire in and this year it comes in at #8. The way Bankrate comes up with the list is that they look at a number of factors. Those are: affordability, overall well-being, the cost and quality of healthcare, weather and crime.
According to their ranking Florida ranks third for well-being and weather. The problem is that the state doesn’t even rank in the Top 20 in affordability (35th), cost of healthcare (21st) and crime rank (27th). Inflation did not help Florida this year as some of the highest inflation rates are right here in the Tampa Bay area.
The best state to retire in according to this study is Iowa. Iowa ranks #3 in affordability. The state also ranked 31st in well-being and 38th in weather, so obviously affordability was a key factor for the list this year. The other states in the Top 5 are Delaware, West Virginia, Missouri and Mississippi.
The worst state to retire in according to this study is Alaska. They rank 43rd in affordability, 49th in crime and 50th in weather.
[SOURCE: WTSP]
7 Tampa Bay Area Cities With The Most Affordable Rental Prices
Trying to rent an affordable apartment or home in the Tampa Bay area can be rough, especially if you’re on a budget. It’s no secret that the cost of living in Tampa Bay has skyrocketed over the past few years. Thankfully, we found this list from Zumper.com of the most affordable places to rent in the Tampa Bay area. Note these are for 1 bedroom apartments. Prices get a little higher when searching for 2 bedroom places.
According to Zumper, the one bedroom median rent in Florida for the month of July was $1,674. The monthly national median rent is $1,702 (according to RentCafe). So we guess it could be slightly worse. One would normally guess the most expensive city for rentals is in the Miami area. But actually, the most expensive city to rent a one bedroom apartment in Florida is Venice. You’ll have to cough up $2,260 a month for a one-bedroom apartment. Don’t expect these prices to stay “affordable” for long. Zumper predicts that these rental prices will increase 27.6% increase year-over-year.
Why move to Florida?
You may be asking, if it’s so expensive, why would someone even move to Florida? Well the year-round sunshine sure does beat shoveling snow for 6 months of the year. Plus you never really get tired of all the water activities like snorkeling, jet skiing, or just tanning in the hot sun at our gorgeous beaches. We also love to root for our champion winning sports teams and dining at some of the country’s best restaurants. Not to mention that no state income tax comes in handy when your rent is almost on par/more than the national average.
Here are the 7 Tampa Bay area cities with the most affordable rental prices
Kevin is a member of Tampa Bay‘s Hometown Morning Krewe on 995 QYK. He has been with the station for 25 years, is a Tampa native, and went to Jesuit High School and USF. Go Bulls!. He is passionate about all things Tampa Bay. Kevin writes articles on the ongoing road projects around the Tampa Bay area, awards that Tampa Bay cities and businesses have won and country music happenings around the Bay area. He is always doing many things with his wife and kids. He loves to read books and play video games in his spare time.