2. No State Income Tax—A Major Financial Advantage

One of Florida’s most talked-about benefits is its lack of state income tax. For retirees living on Social Security, pensions, retirement account withdrawals, or investment income, this can make a measurable difference.

Florida also does not tax Social Security benefits, and many forms of retirement income remain untaxed at the state level. For seniors on fixed incomes, predictable and lower tax burdens can provide peace of mind.

While property insurance and housing costs have risen in certain areas, the absence of income tax still remains a strong financial draw—especially compared to high-tax northern states.