Florida, once thought of as the ideal place to live out one’s golden years, is quickly losing favor with retirees. Remote workers and the wealthy are flocking to the state and driving up home prices, leaving those on a fixed income feeling the pinch. Inflation and stock market dips have also negatively impacted their financial situation. In response, seniors are seeking more affordable places to call home.
Why are people leaving Florida?
According to the United States Census Bureau, an estimated 738,969 people moved to Florida in 2022, while 489,905 people left. The main reasons for leaving Florida are:
High cost of living: In just half a decade, the median price of a single-family house in Florida rose $150,000, or 60%. According to Redfin, the average cost of a home in March 2018 was approximately $250,000. In March 2023, it was roughly $400,000. Insurance, electricity, gas, and other incidentals are also more expensive in Florida than in many other states.
Climate change: Florida is facing the effects of climate change, such as rising sea levels, more frequent and intense hurricanes, extreme heat, and drought. These factors pose a threat to the health, safety, and property of Floridians, especially the elderly and the vulnerable. Many people are concerned about the future of the state and its environment.
Political and social issues: Florida is known for its conservative and controversial policies, such as banning mask mandates, restricting voting rights, and limiting abortion access. Some people are unhappy with the state’s leadership and its handling of the COVID-19 pandemic. Others feel alienated by the culture and the demographics of Florida, which are different from their own.
Where are people moving to?
According to the Google search data, the most common states that Floridians are interested in moving to are:
Texas: The Lone Star State offers a similar climate, lower taxes, and more job opportunities than Florida. Texas also has a diverse and vibrant culture, with cities like Austin, Dallas, and Houston attracting many young and creative people.
Georgia: The Peach State is a popular destination for Floridians who want to stay close to their family and friends in the Southeast. Georgia has a lower cost of living, a booming economy, and a rich history and heritage. Atlanta, Savannah, and Athens are some of the cities that appeal to Floridians.
North Carolina: The Tar Heel State is a favorite among retirees who are looking for a change of scenery and a more relaxed lifestyle. North Carolina has a mild climate, beautiful mountains and beaches, and a variety of outdoor activities. Charlotte, Raleigh, and Asheville are some of the cities that draw Floridians.
Tennessee: The Volunteer State is a great option for Floridians who love music, nature, and adventure. Tennessee has a low cost of living, no income tax, and a friendly and hospitable culture. Nashville, Memphis, and Knoxville are some of the cities that lure Floridians.
South Carolina: The Palmetto State is another choice for Floridians who want to enjoy the charm and the warmth of the South. South Carolina has a low cost of living, a rich history and culture, and a scenic coastline. Charleston, Columbia, and Greenville are some of the cities that entice Floridians.
Conclusion
Florida is not the paradise that it used to be for many people. The high cost of living, the climate change, and the political and social issues are driving some Floridians to seek a better quality of life elsewhere. However, Florida still has many attractions and advantages that make it a desirable place to live for others. Ultimately, the decision to stay or leave depends on one’s personal preferences, goals, and circumstances.