Retirees Flocking to Florida

Florida remains the top destination for America’s retirees, according to SmartAsset analysis.

CNBC reports that the study, based on 2017 census information, found that Florida had a net migration of 68,918, more than double Arizona, which was the second most popular destination, at 31,201 net retirees. However, Florida’s numbers were down significantly from the previous year, when it netted 84,663 retirees.

To determine the net migration, the personal finance site compared the number of people ages 60 and older who moved into the state to the number of people who moved out of state, based on data from the Census Bureau’s American Community Survey.

Although all of the top spots benefit from warm weather, money may matter more when it comes to relocating. Notably, half of the states in the top 10 do not tax income and wages, SmartAsset said. On the flip side, high-tax states such as California, New York and New Jersey were among the least popular spots to relocate. In fact, seven of the bottom 10 are also among the most expensive places to live, Smith noted.

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