Flocking to Florida – latest Census picture shows a faster fleeing to Florida
Bottom Line: It’s nothing new for Florida to welcome thousands of transplants from other states annually. What is new is the speed at which people are leaving certain states for ours, the total number of transplants moving to Florida daily and the extent to which people are relocating here. It’s no secret that the Trump tax plan which limited state and local tax deductions, has increased the rate of relocation's from high tax states. Not only did Florida gain more than 63,000 people from New York last year, we gained 63% more people from Connecticut. And it didn’t stop there either. In fact, Florida gained population from literally every state in the union according to the most recent Census information.
That even includes adding nearly 1,400 people from Alaska and more than 3,000 making the trek from Hawaii. Florida didn’t just lead the country in relocation’s. We pulled from every corner of this country and abroad adding over 221,000 from other countries. The point is this. Florida’s combination of low taxes, good economy, climate, nature and lifestyle has made it likely the most desired location in the world – not just the country. I regularly did double-takes going through the Census information. I’ve never seen anything like it. And this is what already happened. Real-time information based on moving company estimates suggest if anything the momentum might be picking up.
The bad news is more traffic. The good news is Florida’s continued emergence as an economic powerhouse.