9 Florida Waterfront Towns Where You Can Actually Live on Nothing but Social Security

Year-round sunshine, mild winters, and a lack of personal income tax have made Florida a hot spot for retirees for many years. However, beachfront properties typically come with a hefty price tag of more than $3,000 a month, depending on where you want to live.

This cost can be challenging to afford, especially if you are trying to stretch your retirement dollars, which typically amount to around $1,800 a month for individuals. If your goal is to retire in the Sunshine State, there are multiple waterfront cities where you can make these dreams a reality.

Consider these nine Florida waterfront towns where you can live comfortably on Social Security alone.

Editor's note: Unless otherwise noted, all data listed below on rent came from Apartments.com, and housing costs from Zillow.com.

Average rent: $622

Average home value: $274,945

Located about an hour north of Tampa, Crystal River warmly welcomes you with easy access to beautiful Gulf beaches and the refreshing natural springs of Kings Bay and Three Sisters Springs. Known as the Manatee Capital of the World, this charming city offers the unforgettable experience of sharing the waterways with gentle manatees during the winter months.

Along with an average rent of $622 a month, Crystal River also has a cost of living that's 12% lower than the national average and 15% lower than the state average, making it an affordable living option for retirees.

Average rent: $742

Average home value: $291,568

Lehigh Acres is an inexpensive option for those who want to live near the Gulf beaches without the beachfront price tag. With numerous freshwater canals, this town offers kayaking and fishing all from your backyard.

Rent is less than $750 a month, and overall housing costs are lower than the national average.

Average rent: $1,199

Average home value: $288,424

The state capital, Tallahassee, is a unique college town where approximately 24% of the population is aged 50 and older. Unlike most of the flat terrain in Florida, Tallahassee has rolling hills and live oaks draped in Spanish moss.

Here, you will find a cost of living that's about 9% lower than the U.S. average, meaning you'll pay less for necessities like health care, groceries, and transportation.

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Average rent: $860

Average home value: $282,271

Umatilla is a hidden gem that's known as the gateway to the Ocala National Forest. This small town in central Florida is rich in history and also reasonably close to Orlando attractions. One of the most popular places to visit in Umatilla is the Alexander Springs Recreation Area. Here, you can swim, go scuba diving, hike, and have a picnic lunch.

If you plan to rent, you can expect to pay less than $900 a month, which leaves plenty for other necessities.

Average rent: $860

Average home value: $239,002

The cost of living in Sebring is significantly lower than the national average. Residents pay approximately 17% less for health care, transportation, groceries, and other necessities.

If you prefer a laid-back small town, Sebring might be the best choice. It's known for its beautiful lakes and local charm. Explore Highlands Hammock State Park or shop in the downtown historic district. The Sebring International Raceway also brings excitement to the area.

Average rent: $1,144

Average home value: $208,513

Situated on the majestic St. Johns River, Palatka is a historic town with plenty of beauty and natural charm. It's famous for the annual Azalea Festival and is located in Putnam County, which is known as the Bass Capital of the World.

Both housing and the cost of living are low, making it an excellent choice for retirees who want to maximize their income while enjoying a peaceful lifestyle.

Average rent: $1,066

Average home value: $272,945

Bartow is the county seat of Polk County and appropriately named the City of Oaks and Azaleas. Downtown offers a historic courthouse, charming antique shops, and stately old homes. Residents enjoy fishing, hiking, and proximity to Orlando and Tampa.

The cost of housing and other necessities is around 8% lower than what you'll pay in most cities. The city also boasts mild winters, making it ideal for those who enjoy outdoor activities year-round.

Average rent: $1,173

Average home value: $270,481

Titusville is a small Atlantic Coast town located approximately an hour east of Orlando. Retirees can enjoy hiking and biking in area parks, such as Parrish Park and the Fox Lake Sanctuary. You can also witness rocket launches from multiple beaches or get involved in sea turtle conservation.

Aside from affordable rent, Titusville offers a cost of living that's about 4% lower than the national average and 7% less than the state average.

Average rent: $1,239

Average home value: $227,260

Port Richey is an affordable Gulf Coast city approximately 40 miles northwest of Tampa offering a friendly and laid-back atmosphere. The historic downtown offers plenty of unique shops and golf cart-friendly streets. There's also boating and hiking at the Werner-Boyce Salt Springs State Park.

Necessities, like health care and transportation, cost around 2% less than the national average and 5% lower than the state average.

These nine towns prove you can live in Florida near the water without compromising your budget. Whether you prefer lakeside living, a historic river, or opting for the coast, there are plenty of budget-friendly towns to choose from.

A benefit of homeownership in Florida is the state's Homestead Exemption. The law allows you to save up to $50,000 of your home's assessed property value from taxes, offering substantial savings so you can make homeownership manageable.