You don’t need to retire to move to Florida. After all, it’s one of those most attractive destination of those who have moved during the pandemic.
And with the weather forecast predicting a “tornado bomb” ripped through most of America this week, moving to the Sunshine State — which happens to be a tax haven — has never seemed more appealing.
Just ask Harshneel More, a 30-year-old software engineer who moved to Tampa from San Francisco last year. In Florida, he and his wife have a larger space, including a home office, while keeping their salary in San Francisco, he told The New York Times. Tampa Bay Times. “I really like the amenities, like the swimming pool, the gym, which you just can’t get back home.”
Florida even has a unemployment rate 2.7%, lower than the national unemployment rate of 3.7%. But for all its perks, Florida’s popularity over the past few years has pushed up its cost of living. According to the real estate market zillowThe typical home value in the United States in October 2022 was $357,589 (up 13.5 percent year-over-year), while the median home in Florida was worth $406,876 (up 25 percent).
The real estate market offers Travel + Entertainment with “typical home values” in the state, representing “the average 30% of the median estimated home value distribution” in a given area. This metric comes from individual “Zestimates” of all homes in an area, rather than just homes sold or on the market. It is used to help determine the best places to live in Florida, among other factors such as unemployment and income (using data from the St. Louis Fed).
Here are the experts’ picks:
- miami
- $474,101 typical home value
- unemployment rate 1.7%
- West Palm Beach
- $437,939 typical home value
- unemployment rate 2.7%
- Jacksonville
- $378,914 typical home value
- unemployment rate 2.7%
- tampa
- $391,314 typical home value
- unemployment rate 2.6%
- coral nose
- $431,137 typical home value
- unemployment rate 3.9%
- Orlando
- $402,064 typical home value
- unemployment rate 2.8%
- The villages (age-restricted retirement community)
- $438,197 typical home value
- unemployment rate 5.3%
- Ocala
- $289,855 typical home value
- unemployment rate 3.3%
- lake city
- $238,698
- unemployment rate 2.9%
While the cost of living is higher in some of these places, the income is usually higher to balance it out. And, LinkedIn ranked Cape Coral as America’s top work-from-home city.
Florida has been loved by the wealthy looking for sunshine and tax breaks. Many high earners move to Florida than any other state during the pandemic, according to an August 2022 analysis of IRS data from smart property. Between 2019 and 2020, Florida saw a massive 20,263 households earning more than $200,000 annually—nearly four times the number of high earners moving to Texas, the second most popular state.
In addition, with the advent of jobs from anywhere, it’s no surprise that Florida is so popular. When given the option to login from homeoffice has no chance, a standard unlikely to change in 2023. In fact, experts predict teleworking will become non-negotiable for most white collar jobs.
Indeed, working remotely “has opened the door for more people to leave the workplace and explore life in a new area,” says Randy Ryerson, vice president of marketing and communications for the rental company. Penske truck, said. told Asset in the May.
It’s not hard to see why; Plus, flights to Florida are cheaper and shorter Portugal.
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