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retire

Finding the Best Places to Retire Since 2006!

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Retire in Cape Coral, Florida?

Overview:   Pretty Cape Coral is west of Fort Myers on the southwestern Florida coast and sprang up in the 1950s as a master-planned community. It has been growing steadily ever since. In fact, thanks to its sprawling 114-square-mile borders, Cape Coral is the biggest city between Tampa and Miami.

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The city's 400 miles of canals comprise one of the largest canal systems in the world and create a soothing ambiance. Bays and sounds are all around, and opportunities for boating and fishing abound. Residents enjoy two beaches, a handful of golf courses, numerous tennis courts, a water park and fishing piers. A community theater, a local art league and a fun farmers' market add to the quality of life. Shopping centers and some good restaurants are sprinkled around town. The city hosts several festivals, including the Independence Day bash and Oktoberfest. The daddy of them all, though, is the huge Festival of the Arts, which draws 300 artists and 100,000 visitors each January. The Parks and Recreation Department has a good menu of programs.

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Thanks to Cape Coral being mapped out from the beginning, bike paths, pedestrian walkways and parks are well designed and plentiful. Homes range from stunning waterfront mansions to high rise condominiums. Many residences have a boat slip.

Population:   177,000 (city proper)

Percentage of Population Age 45 or Better:  45%

Cost of Living:   2% above the national average

Median Home Price: $205,000

Climate:  Cape Coral has a hot, humid climate. Summer temperatures are in the 80s and 90s with high humidity levels and frequent rainstorms.  Winter temperatures are in the 60s and 70s.

At Least One Hospital Accepts Medicare Patients?  Yes

At Least One Hospital Accredited by Joint Commission?  Yes

Crime Rate:   Well below the national average

Public Transit:   Yes, provided by LeeTran

Public Library:   Yes

Political Leanings:   Conservative

Is Florida Considered Tax Friendly for Retirement?     Yes

Cons:      The area is susceptible to hurricanes and was struck by Hurricane Charley in 2004.

Notes:   The city seems to lack a cohesiveness but has landed on "best places to live" lists. It has grown by 150% within the last decade or two.

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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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