Thinking about taking the leap and moving to St. Petersburg, Florida for your Golden Years? You really couldn’t make a better choice when it comes to your quality of life in retirement. Sunny weather, abundant golf courses, and a large, vibrant population of active seniors are just a sampling of the reasons why older adults choose the Sunshine State for retirement.
Active older adults love Florida. Per the Florida Census, the Sunshine State’s population of older adults is growing rapidly. Florida as a whole is home to a population of about 20 million people, and adults older than 60 years of age make up nearly 23% of that population. By 2020, Florida is projected to have more than 23.5 million residents, and people over the age of 60 will comprise over 28% of that total.
Need more convincing? Read on for a deeper dive into the specific reasons why St. Petersburg is an unmatched destination for fun-loving retirees:
1. Beautiful Weather and Activities Abound in St. Petersburg
You’ll never run out of activities to do and enjoy moving to St. Petersburg. The city boasts theaters, concert halls, stadiums, and great restaurants, and you are free to enjoy them all without the density and congestion of Miami or the high housing costs in nearby Palm Beach and Boca Raton. The weather is bright and sunny, with typical temperatures in January through March ranging from the low 60s to the high 80s. As an added bonus, the risk for hurricanes on Florida’s west coast is usually less than on the east coast. St. Petersburg extends 10 miles west to the Gulf of Mexico, where you can travel a 20-mile road toward some of Florida’s most beautiful beaches. Most of these beaches are free or charge only a minimal fee to visit. In addition to beaches, there is also a wealth of quiet, low-key areas in St. Petersburg, featuring parks and outdoor walking paths for retirees to enjoy.
Of course, it wouldn’t be a discussion about Florida without mentioning Disney World. Your grandchildren and other family members will be thrilled to hear that “The Happiest Place on Earth” is just a 90-minute drive away.
2. St. Petersburg is Tax-Friendly for Retirees
Taxes are important for retirees to understand when choosing a place to move to. This is especially the case if they intend to live primarily off of their fixed income. The Sunshine State’s tax-friendly environment is one of the many reasons why seniors head to Florida for their retirement. According to online consumer finance consultancy SmartAsset, Florida is the “ultimate destination” for retirees who want to stretch their income as far as possible. There is no income tax, so all forms of retirement income, such as Social Security and public and private pensions, are also tax-free. This fact alone can save you thousands of dollars each year.
Florida’s tax-friendly environment also helps with real estate costs, which is great news for retirees who’d like to buy a new home in which to spend their Golden Years. The state’s sales and property taxes are about even with the national average, and this separates Florida from other income-tax-free states that typically make up for the lost revenue with increased taxes on property or retail sales. In Pinella County, where St. Petersburg is located, people older than 65 years of age may qualify for an additional homestead exemption of up to $50,000.
3. St. Petersburg is Home to a Variety of Senior Living Options
St. Petersburg has a variety of distinct living options for retirees who want to call the city home but would rather not own property outright. To begin, you could consider buying into a retirement community, which allows you to be a homeowner without having to deal with the full scope of homeowner responsibilities. Management staff handles the more exhausting chores in a retirement community, such as landscaping, exterior maintenance, termite extermination, and other home and property issues. Additionally, these “55-plus” communities typically offer many different amenities to bring enjoyment to your retirement years, including swimming pools, fitness centers, and even senior happy hours hosted in community spaces.
If you have, or are concerned you may eventually have, complicated health issues or mobility limitations, an assisted living facility could be the best option for you. There are many different communities in the St. Petersburg metropolitan area, and they all offer around-the-clock assistance with activities of daily living, including bathing, dressing, managing medications, and keeping up with general housework like cooking and cleaning. Assisted living facilities are the perfect living option for retirees looking for the peace of mind that comes with having assistance nearby whenever they need it.
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