Okay, this is not a trick statement, but it is meant to help you understand why there is such a great attraction to Florida at this time.
Beside Florida being an international destination with year-round sunshine boasting world-class theme parks, the economy is diverse and dynamic and is home to many global business headquarters. The state government is both pro-business and pro-development.
Here are just a few more reasons why people want to move to Florida.
1. Population growth - According to a news release from WFLA Channel 8 in Tampa, the population of Florida is expected to grow by 906 new residents per day between now and April 2024. Over the next two years the State's population is expected to grow by more than 700,000 new residents. In fact, the Florida Chamber of Commerce reports that by 2030 Florida's population could reach nearly 26 million residents, more than the current population of Australia.
2. Job Market - One of the key reasons that Florida is expected to experience continued growth is the proactive, business friendly government that is attracting new high wage jobs for workers. Florida is home to 19 Fortune 500 companies. Job sectors growing the most include healthcare, software and information and business services.
3. Real Estate Market - The Florida Times-Union notes that buying and renting demands will keep growing in Florida as the local economy get stronger and coincides with the population increase. The median sale price of a single-family home in Florida (October 2020) is $305,000 while the median sale price for a condo is $221,000 with an average of 83 days on market.
4. Quality of Life - There are numerous reasons why people choose to live and work in Florida. Here are a few key ones:
- Florida is just one of seven states without personal income tax.
- Climate in Florida has annual summer highs of 81 degrees and winter lows around 60 degrees.
- Commitment to education with all residents living within 50 miles of community and state college or university.
- The cost of living is about 2% below the national average.
- Florida is home to more than 1,300 golf courses; three NFL teams; two MLB teams; two NBA teams; two NHL teams and a major destination for baseball spring training.
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