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About Florida: Why Live in the Sunshine State
Check the frequently listed best places to live in America, like those that USA Today and US News and World Report have recently compiled, and you’d find many in these listing are locations in Florida.
A wealth of government statistics supports these findings. Population growth in Florida, estimated at 1.8 percent in 2016, is one of the nation’s fastest pace and has been attributed largely to migration. The current population of Florida has been estimated at 20.61 million, a count that put its 10-year population growth rate at 13.46 percent. The Sunshine State’s population growth has been so robust that in 2014, Florida overtook New York as the country’s third most populous state.
A warm, comfortable climate year-round helps drive more folks to settle in Florida. That it earned the moniker “Sunshine State” has sound basis: Floridians enjoy 237 sunny days on average per year.
The fact is, Florida is the only state in the continental U.S. with a tropical climate, a distinction that it shares only with Hawaii among all of the country’s 50 states. Hence, most people in Florida during winter months hang out in very comfortable temperatures in the 60s to the high 70s while others in the northern part of the U.S. have to deal with the perennial Polar Vortex.
In addition to its more hospitable weather, Florida draws plenty of would-be residents because of its friendlier tax climate. It is one of just seven U.S. states that don’t collect an individual income tax, as its constitution forbids it. Collecting state death taxes is likewise against Florida’s constitution, and there are property tax benefits too for state residents.
Buying a home in Florida with the buyers declaring them as their primary residence extend two property tax benefits to these homeowners. One is a cap on annual assessments on the valuation of the properties for taxation purposes, and the other is an exemption on the first $50,000 of the property value in the taxation process.
Its robust economy growing faster than the national rate further strengthens the appeal of Florida to new residents. It is projected that the Sunshine State’s economy would reach $1 trillion in 2018 and that 180,000 new jobs in Florida would be created during the year.
Helping fuel economic growth are the state’s numerous business incubators and accelerators, as well as business incentives both in the county and state levels. The over-saturation and rising business costs in areas like NYC, Silicon Beach and Silicon Valley have also contributed in startups making major Florida cities like Miami their home.
Big companies too have increasingly turned to Florida as nerve center of their operations. Notably, online retail giant Amazon has included Miami as a Top 10 finalist for its planned second headquarters, after having set up several distribution centers in South Florida.
There’s certainly more to the glowing fundamentals that make Florida such a wonderful place to live in. The Sunshine State boasts of word-class beaches, storied life and leisure facilities, prestigious academic centers, and highly acclaimed hubs of arts and culture. To cap it off, Florida’s various counties teem with meticulously developed master-planned residential communities.
What’s left vital in choosing which Florida residential property to buy is to avoid potential problem areas like sinkhole locations that our website has so painstakingly compiled. Do browse our facility for some of the most comprehensive and up-to-date sinkhole information which should greatly help in making the right home choice in Florida.