The short version
- Social Security taxed?
- No
- Income tax
- No income tax
- Property tax on a $300,000 home
- ≈ $2,340 / yr ($195 / mo)
- Everyday cost index (U.S. = 100)
- 102
- January / July high
- 76°F / 91°F
- Sales tax (state + local avg)
- 6.98%
Retiring in Florida
No income tax, warm winters, and homestead protections — the classic retiree pick. Watch out: hurricane risk and the nation's most expensive home insurance.
How Florida taxes your retirement income
Social Security: not taxed at all.
Pensions: No state income tax.
401(k) and IRA withdrawals: No state income tax.
The setup: No income tax.
Property tax & senior breaks
The average effective property tax rate is about 0.78% — roughly $2,340 a year ($195 a month) on a $300,000 home. Your county sets the real number.
Help for seniors: $50,000 homestead exemption plus the Save Our Homes 3% assessment cap; extra help for low-income seniors.
Try your own home value in the Property Tax Estimator.
Everyday costs & sales tax
Overall cost of living runs about 2% above the U.S. average. The combined state and average local sales tax is 6.98%.
Weather
January days top out around 76°F and July days around 91°F, with roughly 248 sunny days a year. Watch out for: Hurricanes, flooding, and very high home insurance costs.
Healthcare
Deep senior-focused care statewide, including Mayo Clinic in Jacksonville.