6 Best Florida Cities To Retire on a Monthly Budget of $2,500 or Less

While other states like the Carolinas and Arizona are drawing in a lot of retirees these days, Florida is still a top destination for many looking to relocate for their golden years. There are plenty of draws, like warm average temperatures, lively retirement communities, and a favorable tax situation — including no income tax — for those looking to get out of tax debt.

What's more, there are many affordable options around the state, including these 10 hotspots where it's possible to live off $2,500 a month (or less) in retirement.

All rental prices are pulled from Zillow, and cost of living numbers are pulled from PayScale, unless otherwise noted.

Average monthly rent: $1,550

Gainesville is home to the University of Florida's main campus. While it may not be a retirement hotspot like other cities on this list, it's a lively city with plenty to do. That includes a thriving arts scene, easy access to natural springs, and plenty more.

The cost of living is also 5% lower than the national average, which includes housing, utilities, and groceries.

Average monthly rent: $1,716

Though Lakeland offers proximity to both Orlando and Tampa, it's a smaller, more intimate community and has a smaller general cost of living to go with that.

The area is affordable for renters and homeowners alike, according to U.S. News & World Report, which has named the town the 34th best place to retire in the country.

Average monthly rent: $1,995

The city of Palm Bay is located along Florida's east coast, not far from hotspots like Cocoa Beach. Those looking to spend their retired years soaking up the sun while sitting beachside will be pleased to know that they can snag a deal when purchasing a home here, where U.S. News & World Report says that the average cost to buy a home is less than the national average.

Retirees looking to build a community shouldn't struggle to find friends here, since nearly half of the residents of Palm Beach are over the age of 45.

Average monthly rent: $2,400

While Panama City Beach draws in plenty of tourists, just around 20,000 residents called the city home — making it a great option for retirees looking for tranquility in their golden years.

The city has 27 miles of beach to enjoy, which will make active seniors looking to spend their freetime soaking up the sun very happy.

Average monthly rent: $1,953

Port Orange is already a hotspot for retirees, with about a quarter of the population aged 65 and older according to the most recent U.S. Census Bureau report. Located just south of Daytona Beach, it's an affordable area to enjoy beachside living and has plenty of recreation options — from golf courses to waterfront dining options and beyond.

Average monthly rent: $2,300

Another affordable option for sun and sand lovers, Sebastian offers easy access to an array of beautiful beaches and is situated along the Indian River Lagoon. Its location is ideal for those interested in boating, fishing, surfing, or simply enjoying tranquil days basking in the seaside breeze.

It's already a hotspot for retirees, with nearly 36% of the population aged 65 or older according to the most recent U.S. Census Bureau data, and has some solid tourist draws as well, like parks and museums, where you may be able to maximize your senior benefits by taking advantage of discounted pricing.

Many Americans turn their eyes towards Florida when planning for retirement. The state offers incredible perks like no taxes on Social Security or investments and plenty of thriving and affordable retirement communities to choose from.

Plus, living off $2,500 a month or less is entirely possible in small towns, beachside gems, and even larger cities around the state, especially when you do a little research before you move.