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retire

Finding the Best Places to Retire Since 2006!

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Retire in Boca Raton, Florida?

Overview:  Stylish Boca Raton sits along Florida's southeastern coast, about 20 miles north of Fort Lauderdale. It is known for its elegant shopping venues and gated, master-planned neighborhoods, some of which are the most expensive in the nation (Forbes).

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This is a well-maintained city with lush parks and manicured lawns. Strict building codes do not allow new billboards or flashy commercial advertising.   Downtown's Mizner Park is an upscale "lifestyle center" with an art museum, fashionable restaurants, pricey offices and exclusive, pastel-colored shops.  Residents enjoy the Boca Ballet Theatre, the Boca Raton Philharmonic Symphony, a professional theater group and two miles of clean, white sand beaches. Twenty-three golf courses have a Boca address, and the South Florida Educational Center houses a number of university satellite campuses. The city is sometimes called the "sixth borough," a reference to the sizable number of New Yorkers here.

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Lower-priced neighborhoods have mobile/manufactured homes and condos, while more expensive areas feature large residences, acreage and horses. Mediterranean and Spanish architectural themes and tropical landscaping are popular.

Population:  95,000 (city proper)

Percentage of Population Age 45 or Better:  45% 

Cost of Living:  23% above the national average

Median Home Price: $310,000

Climate:    This area has a tropical rainforest climate (hot and humid).  During the rainy season (summer), temperatures are in the 80s and 90s.  During the dry season (winter), temperatures are in the 50s and 60s.  On average, the area receives 60 inches of rain per year.

At Least One Hospital Accepts Medicare Patients?   Yes

At Least One Hospital Accredited by Joint Commission?  Yes

Public Transit:   Yes, provided by Palm Tran

Crime Rate:   Below the national average

Public Library:    Yes 

Political Leanings:   Liberal

Is Florida Considered Tax Friendly for Retirement?    Yes

Cons:   Hurricanes are always a possibility, particularly from June 1st through November 30th.

Notes:    The city has a reputation for bad drivers and was once a favorite hangout for organized crime bosses.   Tourists descend in the winter. Boca Raton has grown by 50% within the last couple of decades.

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Recommended as a Retirement Spot?    Yes

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Florida:

Named Pascua Florida by Juan Ponce De Leon, the Sunshine State did not enter the Union until March 3, 1845. Balmy mild winters began attracting snowbirds to the state in the late 19th century. Retirees continue to flock to the state. It's not hard to see why tourism has become the leading industry.

International trade and citrus are also major contributors to the state's economy. Eighty percent of the nation's oranges and grapefruits are grown here, and 40 percent of all U.S. exports to Latin America flow through Florida.

Florida's landscape includes uplands and coastal plains. It contains more than 11,000 miles of waterways and about 4,500 islands spread across 10 acres.

The state has 1,250 more golf courses than any other state in the Union. The 47 mile Pinellas Trail is the longest urban trail on the east coast. Orlando theme parks attract more visitors than any other theme parks in the U.S. The only place in the world where alligators and crocodiles co-exist is in National Everglades Park.

Florida, particularly the Keys and the Gulf Coast, were struck by Category 4 Hurricane Irma in early September, 2017. Towns will rebuild, perhaps this time with climate change in mind, making them safer and better equipped to handle major hurricanes going forward.

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Stats:

Population - 20,612,439 

Persons 65 years old and over - 20%

High school graduates, persons age 25+ - 87% 

Bachelor's degree or higher, persons age 25+ - 27% 

Persons of Hispanic or Latino origin - 24% 

White persons, not Hispanic - 58% 

Median household income - $47,525 

Median home value - $159,900 

Social Security taxed? No

Source: U.S. Census Bureau

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