Florida stands at the forefront of a remarkable population surge, welcoming 22.6 million residents into its sun-kissed embrace—an impressive 1.6% increase from the previous year. Beyond the appeal of juicy oranges, the state's draw lies in the promise of personal paradise and enticingly low taxes.
Exceeding the previous year's growth, this surge contributes to an annual average of nearly 300,000 new residents, with April witnessing a historic moment as the population soared to 22,634,867—an astonishing rise of almost 359,000 individuals compared to the prior year. Stefan Rayer, the population program director at the University of Florida's Bureau of Economic and Business Research, confirms that this marks the highest population number ever recorded in the state.
Remarkably, the 60-69 age group led migration from other states in 2022, closely followed by the 50-59 age group, while the 20-39 age group showed comparatively less movement. With sandy beaches, coastal views, and a flourishing population, this surge underscores Florida's growing allure.
The benefits of a booming population extend far and wide, boosting the economy and fueling the real estate industry. As the population swells by almost 300,000 new residents annually, plans are underway to adapt healthcare systems to meet the anticipated demand. For Realtors®, this surge presents an opportune moment to assist new residents in realizing their dream homes, whether they are seasoned property owners or recent arrivals.
This population influx also paves the way for innovative housing development, ensuring ample space for the growing number of residents. The numbers affirm a substantial inflow into the state, offering numerous opportunities for Realtors® to guide newcomers in finding their ideal homes in one of the nation's most captivating states. Florida's landscape, communities, and housing market are evolving, and this resilient rise is a testament to the state's enduring charm and limitless opportunities.
