4. Melbourne, Florida
Population: 585,507
Share of population age 60-plus: 31 percent
Median monthly mortgage cost: $1,361
Median monthly rent: $1,068
Hospital: Health First Holmes Regional Medical Center
Melbourne is best known for its proximity to Cape Canaveral Air Force Station and the Kennedy Space Center; for this reason, many call Melbourne the “Space Coast.” However, that’s just the tip of the great things in Melbourne. Retirees can enjoy low housing costs, miles of beaches on the Atlantic Ocean, and mild winters.
