Florida Best Place to Retire in 2025

Florida Named Best State to Retire in 2025 by WalletHub

Florida has once again secured its spot as the best state for retirement in 2025, according to a recent study conducted by WalletHub. Known for its warm climate, beautiful beaches, and retiree-friendly tax policies, Florida continues to attract those looking to enjoy their golden years in comfort.

Why Florida?

WalletHub's ranking is based on several key factors, including affordability, quality of life, and health care. Florida scored high due to its lack of estate, inheritance, or income taxes—making it a financially attractive option for retirees living on a fixed income. While the cost of living is higher than in some other states, the tax benefits help offset these expenses.

Additionally, Florida boasts a high number of recreational opportunities, from world-class golf courses to vibrant arts and cultural scenes. With a robust healthcare system that caters to an aging population, the Sunshine State provides retirees with both fun and peace of mind.

How Other States Ranked

Following Florida, Minnesota secured the second spot due to its access to healthcare, quality nursing homes, and strong protections against elder abuse. Colorado came in third, praised for its low poverty and isolation rates among seniors, as well as its lack of inheritance and estate taxes.

Here’s the full list of WalletHub’s top 10 best states to retire in 2025:

1. Florida

2. Minnesota

3. Colorado

4. Wyoming

5. South Dakota

6. Pennsylvania

7. New Hampshire

8. Delaware

9. North Dakota

10. Wisconsin

What This Means for Retirees

If you’re planning your retirement, these rankings can serve as a valuable guide. While Florida remains the top choice for many, factors like climate, cost of living, and personal preferences will ultimately play a role in choosing the best state for retirement.

Thinking about retiring in Florida? With its strong economy, welcoming communities, and endless sunshine, it’s easy to see why so many people call the Sunshine State home in their later years. If you're considering a move, now might be the perfect time to explore what Florida has to offer!

Source: WalletHub study, as reported by Kevin Accettulla.