Recently released economic reports point to the continued in-migration of affluent residents to Florida, particularly from California and New York, where changing policies are increasing property tax burdens on high-priced real estate. Additional climate concerns in California are also cited as a factor driving relocation for residents interested in retaining a warm weather lifestyle. As our state's popularity for full-time living has risen, so has interest in corporate relocation, creating even greater incentive for employment-age residents to move to Florida. While South Florida and Miami receive most of the attention for these growth trends, there is a universal effect in Florida and particularly along the Gulf Coast. Our lifestyle, favorable history with storm resilience, and relatively advantageous cost of living are attractive for residents seeking value alongside luxury inventory and cultural amenities.
