Florida continues to draw newcomers from across the country, though the story behind the surge is more layered than it first appears.
Since May 2024, 16.68% of New York City residents who moved out chose Florida, according to a MovingPlace report. The draw remains familiar: no state income tax, warm weather, and a growing job market, particularly in South Florida.
In 2023 alone, more than 71,000 New Yorkers relocated to Florida, joining nearly one million people nationwide who moved to the state. The influx pushed Florida's population past 23 million residents for the first time.
That growth is fueling economic expansion, with job creation rising to meet increased demand — especially as many new arrivals are retirees.
But the boom comes with tradeoffs. Housing, insurance, and everyday costs are climbing, often faster than wages, putting pressure on affordability across the state.
For anyone thinking about a move to Florida — or wondering how continued migration could affect local home values — it helps to have a local expert in your corner.
Contact Team Kafka for a clear picture of what's happening in our local market.