Florida is experiencing an exhilarating surge in population, with 22.6 million residents flocking to the Sunshine State. This marks a remarkable 1.6% increase from the previous year. It's not just the delicious oranges that make this state a desirable destination; it's the promise of a personal paradise and enticingly low taxes.

While the increase may be slightly higher than the previous year, the yearly long-term average of nearly 300,000 new residents is truly impressive. In April alone, the state's population reached a record-breaking 22,634,867, with a staggering rise of almost 359,000 individuals compared to the previous year. Stefan Rayer, the population program director at the University of Florida's Bureau of Economic and Business Research, confirms that this is the highest population number ever recorded.

Interestingly, the 60-69 age group represented the most significant number of people migrating from other states in 2022, closely followed by the 50-59 age group. The folks who are around 20-39 years old have moved less than these other age groups. With the allure of sandy beaches, breathtaking coastal views, and a thriving population, this increase in residents is a positive sign of Florida's growing appeal.

A booming population brings numerous benefits, such as bolstering the economy and nourishing the real estate industry. As the population increases by almost 300,000 new residents annually, senators are announcing plans to change healthcare systems to accommodate the anticipated demand. More and more people are coming to the Sunshine State, which presents an ideal opportunity for Realtors® to assist new residents in investing in their dream homes. Whether long-time property owners or recent arrivals, Florida has excelled in creating welcoming communities and homes for all.

This population surge also presents an opportunity for innovative housing development, ensuring ample space for the influx of people. The numbers clearly indicate a significant influx of individuals into the state, opening up countless opportunities for Realtors® to help newcomers achieve their desired outcomes by purchasing a new home in one of the most breathtaking states in the nation.

Samantha Minns
RWorld Content Writer
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Source: Florida Realtors®