📈 Investment & Retirement Calculators Florida

Florida Retirement Calculator

Plan your retirement in Florida. Factor in higher cost of living and no state income tax. Free calculator.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

Florida Quick Facts

None Income Tax Rate

0.89% Property Tax Rate

$67,917 Median Income

102.8 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Retirement planning for Florida. Florida has no state income tax — a major advantage for retirees. Cost of living index: 102.8 (100 = national avg). Desired income is pre-filled based on 80% of Florida's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in Florida: Florida has no state income tax — a major advantage for retirees. Cost of living: 102.8/100. Property tax: 0.89%. Median home: $400,000. As a no-income-tax state, Florida is among the most popular retirement destinations. Average home insurance: $4,200/yr.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Tax Foundation, SSA

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

Is Florida a good state to retire in?

Yes, Florida is very popular with retirees because it has no state income tax. Cost of living is near the national average. Median home price: $400,000.

How much do I need to retire in Florida?

Using the 4% rule, to generate $4,528/month (80% of Florida median income) you'd need approximately $1,358,340 saved. Adjust up or down based on your lifestyle and housing costs.