Retirees are fleeing California and flocking to Florida.
In 2023, Florida was the preferred vacation spot for U.S. residents aged 60 and over, in keeping with a June study by SmartAsset, which analyzed the information from the Census Bureau’s latest American Community Survey.
The state noticed a internet migration achieve of 44,504 residents 60 and over — the very best within the nation and greater than double that of the subsequent highest state, North Carolina, which had a internet achieve of simply over 20,000. In distinction, California skilled the most important internet loss, with 56,858 extra folks within the age group leaving than transferring in.
Whereas the Sunshine State has had the nation’s largest net migration of people 60 and older since not less than 2021, internet migration to Florida in 2023 was down considerably from 2022‘s internet achieve of 77,290 residents largely attributable to a decline in retirees transferring to the state.
Listed below are the highest 10 states the place retirees moved in 2023, ranked by the very best internet influx of individuals aged 60 and over.
1. Florida
- Internet migration: 44,504
- Whole inhabitants aged 60 and older: 6,515,453
2. North Carolina
- Internet migration: 20,369
- Whole inhabitants aged 60 and older: 2,610,422
3. Arizona
- Internet migration: 20,203
- Whole inhabitants aged 60 and older: 1,905,562
4. South Carolina
- Internet migration: 14,676
- Whole inhabitants aged 60 and older: 1,408,424
5. Georgia
- Internet migration: 13, 789
- Whole inhabitants aged 60 and older: 2,370,455
6. Texas
- Internet migration: 10,050
- Whole inhabitants aged 60 and older: 5,889,582
7. Nevada
- Internet migration: 5,782
- Whole inhabitants aged 60 and older: 757,348
8. Idaho
- Internet migration: 5,182
- Whole inhabitants aged 60 and older: 463,084
9. Oklahoma
- Internet migration: 4,940
- Whole inhabitants aged 60 and older: 925,676
10. Delaware
- Internet migration: 4,519
- Whole inhabitants aged 60 and older: 296,881
Retirees could also be transferring to Florida for good cause. Regardless of its comparatively excessive price of dwelling, Florida was ranked the best state to retire in by WalletHub in 2025, attributable to its tax-friendly insurance policies, leisure alternatives and government-funded applications for seniors.
A major draw of retiring in Florida is that the state has no earnings tax. For retirees, this implies Social Safety advantages, pensions and retirement account withdrawals are usually not taxed. Moreover, Florida has no estate or inheritance tax, which generally is a monetary benefit for these planning to go on wealth.
The state additionally boasts the second-most shoreline miles within the nation, and ranks second within the quantity of grownup volunteer actions, fifth in theater corporations and seventh in golf programs and nation golf equipment — providing retirees plenty of methods to remain energetic and engaged, in keeping with WalletHub.
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