3 Important Benefits of Retiring to Palm Beach
Did you know that Palm Beach has over 1.5 million residents, and is the fourth largest county in Florida? The growth rate is increasing yearly as more and more people flock to this part of the Sunshine State. With its proximity to the ocean, wide variety of recreational activities, and world-class cuisine, it’s no wonder Palm Beach is a popular place to live for retirees.
Are you ready to invest in a forever home after your retirement? If you’ve been thinking about a change of location for your residence, now is the perfect time to explore homes in Palm Beach, Florida. Check out these top three reasons why retiring in Palm Beach is a great idea and how to find luxury houses for sale there.
1. Cost of Living
Florida is known for having no income tax and the fifth-lowest overall tax burden in the country, making it a very sensible place to park your money. Florida taxes are low, and there’s also no inheritance or estate tax either. Plus, the cost of living in West Palm Beach is relatively affordable with an abundance of essentials available like local produce, fish, and other delicious things to eat.
2. The Weather
It’s no secret that Florida has warm weather–especially when it counts in the winter months. The mild temperatures and option to play outdoors year-round make it a retirement hotspot. And Palm Beachin particular is geographically blessed since it sits in the tropical zone in the southern part of Florida which gives it beautiful, balmy weather no matter what the season.
3. Recreational Opportunities
Palm Beach is home to some incredible recreational opportunities, including the PGA National Golf Course. It’s also a boater’s paradise with the ocean and ample waterways to explore. And because of the warm weather year-round, it’s easy to stay fit and doing outdoor activities like walking, cycling, playing tennis, horseback riding, and more.
How To Find Luxury Homes in Palm Beach
Where else can you find elegant mansions by the sea that are only a quick drive from a vibrant city? Houses in Palm Beach are known for their incredible architecture and luxurious amenities that inspire bidding wars. For examples of this winning combo, check out some of the exclusive properties in the greater Palm Beach area and contact a Florida real estate agent to help you in your search.
Retire in Palm Beach
Now that you’ve read all about the benefits of retiring in Palm Beach, you can make an informed decision. If you aren’t lured by the warm weather and sunny skies, the proximity to beaches, golf courses, and other recreational activities will win you over. And because there is no income tax or estate tax moving to Palm Beach could be a smart financial decision for you.
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