Tampa Bay among most affordable areas for retirees

The Tampa Bay area grabbed fifth place on a list of the most affordable places to retire in the United States. Fortune magazine said the real estate slump has given formerly high-flying locales more down-to-earth prices. Miami led the list, followed by Las Vegas, Phoenix, San Diego and Tampa. The region's median home sales price has fallen about 25 percent from its 2006 peak. "Tampa, with its more blue-collar feel, offers the same brand of South Florida living at a far more affordable price," the magazine said. Fortune also praised Tampa-St. Petersburg-Clearwater as a prime "rebound" market. "Its relatively strong local economy, coupled with the fact that the bust hit here earlier than in some other markets, means that the downside may have largely played itself out," the article said.

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