Cape Coral is a retiree happiness hotspot. The city features in not one but two retiree rankings from the 2019 Gallup-Sharecare Well-Being Index.
The Waterfront Wonderland is sixth in the 2019 well-being ranking. It has a wellbeing score of 63.9, just 1.1 below the top ranking.
It also came 10th in the 50 best places for retirement list from the Kiplinger website.
The website explains why Cape Coral is a retiree happiness hotspot. “With its desirable climate and favorable tax status, Florida is filled with popular retirement destinations.
“Cape Coral’s metro area includes Fort Myers, yet another great place to consider for your retirement. But Cape Coral is unique in its waterway access, offering more than 400 miles of canals for all your boating, fishing and water sports dreams. And land lovers can enjoy the area’s beaches, golfing, tennis, parks and other recreational offerings.”
Over 65s make up 21.9% of the city’s 173,679 population. The cost of living for retirees in 2.4% under the national average.
Florida’s zero personal tax rating makes it the most tax-friendly state for retirees, says the report.
Kiplinger chose one place from each state to include in its original list of the 50 best places to retire in the United States. It included community and physical components of the Well-Being Index, where available, as well as living costs, safety, median incomes and poverty rates for retirement-age residents and the availability of recreational and health care facilities.