5 Best Places in Florida to Retire On a Budget

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1. Melbourne

Insider Monkey Score: 4

The mid-sized beach community on the Atlantic Coast is gaining traction amongst retirees, and with good reason. A friendly tax climate, affordable living, and a wealth of recreation options make this city a prime choice for retirement. The average cost of living in Melbourne, Florida, stands at 94.4 according to Best Places, averaging at $2,119 approximately. This implies that Melbourne is 5% cheaper than the U.S. average. Moreover, median homes cost around $330,000, while average rents for one-bedroom apartments are $1,560.

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