In Q1 2023, about 10,000 New Yorkers moved to Florida. Experts note that this trend will continue.
According to the National Association of Realtors, in 2022, Florida saw the largest influx of new residents migrating mainly from states with high taxes. In 2023, the flow of migrants is not abating. Experts explain this by the fact that home buyers continue to look for the best "quality of life" options. In Florida, they are attracted by lower taxes, in addition, the state is perfectly business-oriented.
It is reported that Florida cities such as Sarasota, Bradenton and Palm Beach are "bursting at the seams" from arrivals. However, the authorities say that their infrastructure is fully ready to provide for the growing demographics. Roads, bridges and infrastructure are in excellent good condition, they note. In addition, the financial condition of the state at the moment is the best it has ever been in history with reserves of more than $20 billion.