Reasons Why Koreans Settle in Fort Myers - Fort Myers - 1

Fort Myers is not a city widely known to the Korean community.

It does not have a large concentration of Koreans like New York, LA, Atlanta, or Tampa, nor does it have a Koreatown filled with Korean signs.

Nevertheless, in recent years, the number of Koreans moving to or settling in Southwest Florida after retirement has been gradually increasing. Why are they choosing this place?

The first reason is the weather and quality of life.

With a warm climate year-round, clean beaches, and well-established outdoor activities like golf and fishing, it offers a pleasant living environment. For Koreans seeking a rural lifestyle after retirement, the more relaxed pace here is appealing compared to the hectic city life of New York or LA. Florida has no state income tax, which significantly reduces the tax burden on pensions or income after retirement. Receiving Social Security or retirement funds without state income tax can lead to a substantial difference in long-term finances.

The second reason is the accessibility of real estate prices.

Compared to Miami or Naples, home prices in Fort Myers are relatively lower. After Hurricane Ian, home prices in some areas have adjusted, and it is still possible to find single-family homes at relatively reasonable prices within Florida. Of course, the skyrocketing cost of home insurance is a downside, but overall housing costs are more favorable compared to the Northeast or California. Some Koreans are also purchasing condos or rental properties for investment purposes.

The third reason is the healthcare infrastructure.

Fort Myers has several hospitals and specialist clinics under Lee Health well distributed throughout the area. In a time when health care becomes a top priority after retirement, having large hospitals and specialists nearby is important. There are also many senior care facilities and assisted living communities within Lee County.

Since Florida has a large senior population, medical services and support programs for seniors are well developed.

Of course, there are downsides. There are not many institutions that offer services in Korean, and the size of the Korean community itself is small.

To find large H-marts or Korean restaurant districts, one must travel to Tampa or Orlando. The risk of hurricanes and the resulting high insurance premiums are also practical considerations.

Nevertheless, for those who want to live quietly and leisurely, enjoy hobbies like golf or fishing, or experience Florida's weather after retirement, it becomes quite an attractive option.