Florida has emerged as an unexpected haven for the mass exodus of Americans leaving states like California and New York. They are mostly drawn to the Sunshine State by the appeal of affordable housing and abundant job opportunities. Florida has witnessed a massive influx of 3.1 million people in the last decade, surpassing the entire populations of 17 U.S. states. Orlando, Miami, and Tampa stand out as metropolitan areas experiencing the highest growth rates, while even smaller municipalities like Davenport, Groveland, and Palm Springs have almost doubled in size.
The state’s attractiveness lies in its significantly cheaper housing compared to the market rates in California and New York. This migration trend has the potential to drive up Florida’s home market prices in the coming years if the current growth rate persists. Thanks to this value proposition, Florida is currently positioned as a thriving destination amid the nationwide shifts in population. Thinking of moving to Florida? Check out the following infographic for more information: