3 Reasons to Retire to the Tampa Bay Area

3 Reasons to Retire to the Tampa Bay AreaIt would probably be easier to enumerate the reasons for not retiring to the Tampa Bay area than the multitude of characteristics that make it the ideal retirement destination. In fact, the Tampa metro area annually lands near the top of many “best places to retire” lists, and recently attained the No. 2 spot on a list compiled by WalletHub.com. In this article, we’ll consider only a few of the reasons why Tampa stands out as the Florida region to call home in retirement.

Affordability

More and more older adults worry about outliving their retirement savings, so finding an affordable place to live is a high priority for most retirees. Like all Florida residents, Tampa Bay residents don’t pay a state income tax, and other tax rates are relatively low, as is the overall cost of living. Moreover, the employment opportunities for seniors who wish to augment their retirement income through full- or part-time work are better in the Tampa area than in many other parts of the state or, for that matter, the nation.

Quality of Life

Tampa Bay’s natural beauty and year-round favorable weather contribute a great deal to the quality of life for retirees who enjoy fishing, boating, golfing, hiking, bird-watching, beachcombing, and other outdoor pursuits. As a renowned tourist destination, Tampa is also home to numerous attractions, including sports and performing arts venues, zoos, the Seminole Hard Rock Casino, the Ybor City historic district, and many others, that provide plenty to do for the active retiree. Plus, seniors should have lots of opportunities to spend time with peers, as approximately one in five Tampa residents is of retirement age.

Health Care

The Tampa Bay area scores well for access to high-quality health care. The city of Tampa is home to the world-renowned Tampa General Hospital, which, through its partnership with the University of South Florida, benefits from groundbreaking and life-saving medical research. Also thanks to the university, Tampa is home to top centers for cancer and Alzheimer’s disease treatment, and the area has a robust home health care industry.

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