Florida remains the top destination for retirees, according to a 2023 study by SmartAsset analyzing U.S. Census data. The Sunshine State gained a net 44,504 new residents aged 60 and over—more than double the next most popular state, North Carolina. Meanwhile, California lost 56,858 retirees, the highest outflow nationwide.
While Florida’s retirement migration dipped from 2022’s peak of over 77,000 newcomers, it still led the nation. Retirees continue to be drawn by Florida’s tax-friendly policies—no income, estate, or inheritance tax—and its year-round warmth, abundant recreation, and senior support programs.
WalletHub recently ranked Florida the best state to retire in for 2025. The state boasts the second-longest shoreline in the U.S., the second-most adult volunteer opportunities, and ranks in the top 10 for cultural and leisure activities like theater and golf.
Here are the top 5 net retiree migration states in 2023:
-
Florida – 44,504
-
North Carolina – 20,369
-
Arizona – 20,203
-
South Carolina – 14,676
-
Georgia – 13,789
As California grapples with high living costs and tax burdens, retirees are voting with their feet—and heading east and south.