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retire

Finding the Best Places to Retire Since 2006!

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Retire in Palm City, Florida?

Overview:   Quiet, safe and prosperous, Palm City got its start in the early part of the 20th-century. It is located along the St. Lucie River in southeastern Florida, and for many years it was an agricultural center with citrus farms, flower farms and small ranches.

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Palm City is still dotted with rural areas, but in the last 20 years or so, it has rapidly morphed from a sleepy riverfront hamlet into a golf oriented community with 10 or more courses and dozens of master-planned developments with manicured lawns and waterfront homes. Whispering Sound is a gated 55+ town home community. Nice shopping areas with specialty stores and better retailers are the norm. The Martin County Marina has direct access to the Intracoastal Waterway, Lake Okeechobee and the Atlantic Ocean. Cultural amenities are few.

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Population:  24,000 (city proper)

Percentage of Population Age 45 or Better: 52%

Cost of Living: 25% above the national average

Median Home Price: $330,000

Climate:   Palm City 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

Public Transit:   No

Crime Rate:  Below the national average

Public Library:  Yes, but hours are limited.

Political Leanings: Conservative

Is Florida Considered Tax Friendly for Retirement?    Yes

Cons:   None

Notes:     This area is popular with "snowbirds," and roads become crowded in the winter.   Palm City's schools have an excellent reputation. Long time locals and newer, more prosperous newcomers do not always see eye to eye on what kind of place Palm Harbor should be.

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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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