Florida has long been considered the United States’ favorite retirement destination, but many coastal getaways in the state have become increasingly unaffordable.
However, new research has revealed the top ten most affordable beach towns for retirees, and six of them are in the Sunshine State.
To identify the best and cheapest coastal places for people to spend their golden years, Real estate agent.com analyzed census data to find areas with a large proportion of residents over age 55.
The researchers then looked at listing data from May to find places where properties are selling for a low price per square foot.
Topping the list is Calabash, North Carolina, a quaint fishing town renowned as the seafood capital of the world.
Calabash, North Carolina, tops the list of most affordable beach towns for retirees
Realtor.com found that the median home price in Calabash is $367,100, which is below the national average.
In addition to its famous food scene, the city also offers a wealth of senior-friendly attractions.
“Retirees appreciate the affordable cost of living, comfortable climate and easy access to medical facilities, major highways and two airports,” said Lisa Ragland of Epique Realty.
‘This charming coastal area on the border of North and South Carolina is far enough away from the fast-paced Myrtle Beach area, but just minutes from highly acclaimed golf courses, entertainment, culture, restaurants and shopping along the Grand Strand.’
Second on the list is Lillian, Alabama, where the median home price is $349,500.
The city is known for its tranquil canals and natural beauty, and features numerous fishing and boating opportunities in Perdido Bay.
While it has a population of less than 2,000 people, according to Realtor.com, Lillian is also just a short drive from the beautiful beaches of the bustling Gulf Coast.
Third on the list is Punta Gorda, Florida, where the median home price is $429,000.
While Florida is an attractive retirement destination for many Americans due to its warm climate and lack of state income tax, this serene coastal city also offers its residents a number of big-city benefits.
This includes an award-winning hospital and a convention center that hosts art, wine and jazz festivals.
Sunset Beach, North Carolina, ranked fourth.
In addition to the beautiful oceanfront homes, which are listed at a median price of $339,900, residents also benefit from the lower tax burden offered by the state.
Not only does North Carolina not tax Social Security benefits, but all other retirement income is also taxed at just 4.75 percent.
In fifth place is Grant-Valkaria, Florida, where the average home is on the market for $497,500.
In addition to more affordable properties, the city is also located along five miles of the scenic Indian River Lagoon, with plenty of opportunities for swimming, fishing and boating.
Also in the Sunshine State is Englewood, which ranked sixth on the list.
Located on the southwest coast, the city has a median list price of $439,300 and offers plenty of historic charm, markets, and great restaurants.
Crystal River, Florida, ranks next on Realtor.com’s rankings, where the average home is on the market for $369,900.
Known as the manatee capital of the world, the area is rich in parks and wildlife and offers easy access to golf courses and the Gulf of Mexico.
Additionally, Orlando and Tampa are just over an hour’s drive away for those seeking the conveniences of a big city.
Researchers looked at listing data from May 2024 to find places where properties are selling for a low price per square foot.
Second on the list is Lillian, Alabama, where the median list price of a home is $349,500.
Third on the list is Punta Gorda, Florida, where the median home price is $429,000.
In fifth place is Grant-Valkaria, Florida, which sits along five miles of the scenic Indian River Lagoon.
Arapahoe, North Carolina, is the eighth choice, with a median list price of just $342,000.
With a population of less than 500, it’s perfect for anyone looking for a small-town experience.
There is also a golf course and country club, a sailing school and a hospital.
Coming in at number nine on the list is Venice, Florida, which features a vibrant downtown district with dozens of restaurants and shops, along with a beautiful coastline.
The median list price in the city is also $459,900, according to Realtor.com, much less than some nearby locations.
Rounding out the rankings is Hudson, Florida, where homes are on the market for an average of just $350,000.
Located just 125 miles northwest of Miami and southeast of Orlando, this coastal city boasts natural beauty and a relaxed atmosphere, while being close to the state’s major cities.
