True Cost of Living in Florida ( TRUTH WILL SHOCK YOU )

Thinking of moving to Florida? In this video, we uncover the true cost of living in Florida. We will also dive into:
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Florida Fun Facts:
Florida is the top destination to move to by far: see graph
https://wusfnews.wusf.usf.edu/news/2020-02-24/study-looks-at-the-where-and-why-people-move-to-florida

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Miami Florida has the 3rd largest net population loss in the country

Florida now has the 3rd largest population - Perception is changing from it being a place to retire to a place to live

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Top Reasons people are moving to Florida in Droves:

Money - It’s more affordable in Florida than most big cities
1. Florida has no state income tax or estate tax
2. The cost of Real Estate in Florida is much cheaper than most big cities around the United States.
3. Strong Job Market & Economy in Florida
4. Florida is a swing state and its a reason some people are moving here
Getting away from big cities -
5. Fear of pandemic, Riots, Quality of life
6. Work from home revolution: if you’re gonna work from home why not from paradise
7. Florida has amazing schools & is great for families

Three of my personal reasons (wanted to move to Florida since I was 20 years old)
1. Weather - I love Florida heat & the winters are awesome
2. Opportunity - Trends of migration into Florida
3. Florida Culture - Pandemic fears, Kids quality of life outdoor culture, It just feels different

Top cities to move to that I looked at:
Statistically, Sarasota & Jacksonville show the highest uptick in migration But here is a breakdown of a few more & Stay tuned to the end to find out where I decided to live
Tampa - St Petersburg - Job market 9/10
Coral Gables (Miami) - education 9/10
Fort Lauderdale - affordability 8/10

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The true cost of being a Floridian
the average Florida home price in 2020 is now $246,107. This represents an increase of 7.7% over 2019
HOA
Insurance
Savings
Free activities
No heating
Property Taxes

Complications you need to know about:
1.Moving won't be easy Real Estate Market is tough
2. Scarcity of Uhaul trucks & elevated costs of movers
3. Rent vs Buy????
Disclaimer: Everything I say on this channel is my opinion only and not meant to be taken as advice. All the information I share to buy Real Estate or invest is not be mistaken as a solicitation or recommendation. Always check with a licensed professional before making any investments.

#bestcitiesinflorida #movingtoflorida #movingtofloridaprosandcons

Видео True Cost of Living in Florida ( TRUTH WILL SHOCK YOU ) канала Culture Estate