December 3, 2013 — We received this question from a member recently and thought it was worth publishing, along with our answer.
Q: Have decided that I want to soon retire to FL but unsure about finding a place to live near one of the coasts or in the interior, such as the Orlando and Ocala areas. Am hearing lots of scary stories about the costs of homeowners and flood insurance if living near the coast, but part of the appeal of living in FL is being able to go to the beach. I’d appreciate thoughts on the pros and cons from those living in FL on living near a coast vs the interior. Thanks for any help offered.
A: Florida is a big state with multiple regions. 2 coasts (Atlantic and Gulf) with beautiful beaches. North and south. Warmer south. A very big interior section filled with lakes. Insurance is a tricky question in Florida, where flood insurance is being pushed to market rates, wind insurance can be expensive, and there is an insurer of last resort. Here is a link to a 2 part article we wrote on FL, “Sunshine State is Bigger and More Diverse Than You Think“.
Our best advice: Come down this winter and travel around. Once you visit some places you will get a better idea. There are probably lots of places where you could be happy.
Comments: What part of Florida do you think is the best for retirement. Please share your opinion and responses to the member question in the Comments section below.