Study: South Florida Isn't Actually a Good Place to Retire
The study considered 91 separate factors broken up into eight main categories. Here's South Florida's rankings in those eight categories:
However, the area ranked in the top ten in several other categories: fifth for number of banks, second for capitol gains as a percentage of AGI, second for number of grocery stores, ninth for percentage of the population that is 65 or older, sixth for number of museums and cultural institutions, and fifth for life expectancy of those 65 and older.
South Florida is still the best large metro area in Florida for seniors to retire. Jacksonville came in 40th, Cape Coral-Ft. Myers was 46th, Sarasota was 47th, Tampa was 65th, Orlando was 77th, Palm Bay was 89th and Lakeland was 97th.
Though, the relatively unimpressive to dismal rankings for Florida metros is worrisome.
"If you're a state and retirement is your second-largest business right behind tourism, this is something you'd think would be in your DNA," Rep. Mark S. Pafford, D-West Palm Beach, told The Palm Beach Post. "Florida should be a model of how we treat our seniors."
Follow Miami New Times on Facebook and Twitter @MiamiNewTimes.