Investopedia Finds 9 Warm-Weather States Need Up to $296,275 Less Than Florida for Retirement
Updated
Updated · Yahoo Finance · Sep 12
Investopedia Finds 9 Warm-Weather States Need Up to $296,275 Less Than Florida for Retirement
3 articles · Updated · Yahoo Finance · Sep 12
Summary
$1.10 million in savings is needed for a typical retired couple to live comfortably in Florida after average Social Security, giving Investopedia a benchmark for cheaper warm-weather alternatives.
Arkansas ranked cheapest at $806,521—$296,275 below Florida—followed by Mississippi, Louisiana, Tennessee and Alabama, all requiring at least about $241,000 less.
New Mexico, Arizona, South Carolina and Georgia also came in below Florida, with Georgia the closest lower-cost option at $969,482, or $133,314 less.
Florida still ranks only 14th-highest nationally for couples, below states such as New Jersey, Hawaii, California and New York, underscoring that warm weather alone does not guarantee affordability.