Why Thousands Of People Are Moving To Florida Everyday In Pandemic??

Did you know everyday 1000+ people are moving to Florida from high tax states like California & New York. Isn't that strange? Want you to know why?

Americans are on the move amid the uncertainty of the COVID-19 pandemic. Many moving website’s reports lays out which locations are seeing inbound migration as Americans put down new roots.

It is no surprise that the arrival of COVID-19 has put a pinch on many Americans’ wallets, as well as being a catalyst for moves driven by health or economic realities.

The report reveals that 15% of all moves occurring between the months of January and July in 2020 were directly attributed to pandemic-related pressures.

According to the drive data , 1 in 8 (13%) interstate moves were destined for the Sunshine State! In terms of sheer popularity, however, Florida is in a league of its own, being the top out-of-state destination in 22 states of the US

Some of the Main reasons for choosing this
sunshine state especially in this pandemic time are …

Benefits on Tax

Covid time is tough for everyone, meeting two ends has become more harder
Many people have lost their jobs and it has made it more difficult for them to survive in this competitive world.

They are pushed to make decision that may be or may not be favourable but can be helpful for their families to survive.No state tax helps to save cost – helpful in business

Florida has no state income tax, which means Social Security retirement benefits, pension income and income from an IRA or a 401(k) are all untaxed.
Florida has no estate or inheritance tax, and property and sales tax rates are close to national marks.Property taxes are low compared to High tax states.
In comparison to California and Newyork, Florida property taxes are way lower. AVERAGE PROPERTY TAX: $1,041 per $100,000 in home value.

Huge yearly savings is no longer just a dream, it can really happen in Florida.

Homestead tax benefits give more authority to homeowners to save from creditors- It also helps to save property tax extensively Depending on your local property tax rate, the homestead exemption = hundreds of dollars in tax savings per year.

Weather

According to what i have observed Snowy states makes life more harder, can not do much family fun in winter time

The Sunshine state is always warm.

The answer I got the most from New Yorkers is “weather”. Also, I believe that a factor is distance.

WPB is only a couple of hours of direct flight from NY, so for many NY going back and forth and spending part of the year still in NYC, WPB is much more convenient than, say, Arizona. Weather supports fun lifestyle .365 days summer.

Need Help Moving To Florida?

If you are someone who is planning on moving to Florida, We are here to make your work much easier and can help you find the perfect place in the right neighborhood that you can call Home. If you have any questions about moving To Florida… The link below has all your answers….

Book 1-1 free consultation
Need Help Image

Looking to Buy/Sell/Invest In Florida?

Let's have Coffee With Komal
Komal Acharya

P.S. Join your local peers!

Socialize in our active Facebook group to get to know better about Florida, Its Lifestyle & of course the real estate market.
Or message us today with your questions

Join Here

Sign Up Today
To Get Latest Update On Florida

    Get Investment Property
    Updates In Your Inbox