About 1,000 people move to Florida every day, making our home state one of the most popular relocation destinations, both nationally and abroad. Central Florida/Orlando was the 7th most popular market in the State of Florida last year for new residents, fueled by a growing job market with innovations like Health Village in Lake Nona, expanding theme park and entertainment options, improved travel and transportation infrastructure, and a convenient geographic location. If you already live in Central Florida then you know there’s plenty to love about Florida living, but for those considering a move to the area we’ve compiled the Top 4 Reasons People are choosing to call Florida home.
1. No State Income Taxes
One big benefit of living in Florida is the lack of a state income tax. This means that you get to keep more of the dollars you earn, and for residents relocating from high income tax states like New York and California, that could mean as much as a 20-40% raise if you’re able to work remotely. In lieu of a state tax, the state of Florida earns dollars from the millions of tourists that visit our state each year through a 7% sales tax and a 5% tourist tax on revenues from rental properties and hotel stays that are for a term of 6 month or less. Once you become a Florida resident, you’ll be thankful for the tourists as they pay your share of the state taxes.
The State of Florida has a strong and appreciating housing market, and new housing developments are going up just about everywhere you look. Strong demand has caused prices to steadily increase over the past 10 years, and the average Florida home price in 2021 is now $273,094. This represents an increase of 9.3% over the prior year and experts expect this trend to continue as long as the state’s population continues to grow. While home prices have risen consistently in our state, they have still lagged behind other markets like Phoenix, Seattle, and San Francisco, and prices today still remain at a level accessible to most families. In addition to housing prices, other services and commodities also remain at affordable levels relative to the higher cost markets that Florida is receiving transplants from.
When you think of Florida, you think of sunshine, beaches and great weather. The average year-round temperature in South Florida is 72’, Northern Florida is 67’ and the state enjoys 250 days of sunshine each year. Florida conveniently has a dry season that begins in October which makes our home state the ideal location for a 2nd home or vacation home to stay at when other states are experiencing blizzards and freezing temperatures.
The Gulf Stream running through the Florida Straits and then north off the Florida East Coast keeps temperatures moderate a few miles inland from around Stuart on the east coast to Ft. Myers on the west side of the state year round, with few extremes in temperature. The tropical ocean current also provides warm sea surface temperatures, giving Florida beaches the warmest ocean surf waters on the United States mainland.
4. Natural and Outdoor Amenities
While beaches like New Smyrna, Daytona, St. Petersburg and Miami are probably the first thing you think of when considering Florida, our state offers a wide variety of amenities for anyone to enjoy year-round. For starters, Florida has more golf courses (1,300 by last count) than any other state in the U.S. Hosting PGA tournaments, LPGA tournaments, Pro-Am’s, and Celebrity tournaments, you can always find a challenging and fun golf club or resort nearby. Florida is also home to more natural, freshwater springs, than any other place on Earth. Diving, snorkeling, fishing, rafting, canoeing, tubing, and swimming are just a few of the ways you can get outdoors year round and enjoy this natural resource. Hiking trails, campgrounds, and of course theme parks round out some creative ways you can spend the Spring, Summer, Fall, AND Winter months outdoors with friends and family.