MARK WILSON—GETTY IMAGES
Florida doesn’t levy personal income, inheritance, or gift taxes. And the sales tax rate hovers at 6 percent. Real estate can be quite expensive in many parts of the state, though. Retirees with an eye on their bottom line might do well to pass over pricey Orlando and give nearby Cocoa, where the median home price is just $121,250, a closer look.
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These smart cities have a large number of highly educated retirees.
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