Sunny weather, affordable property, a high rate of employment, and no state income tax all in one place. This attractive aspect of Florida is why we have seen a ton of young professionals and retirees moving to Florida.

However, there is more to that. Below we will explore more reasons why you should move to Florida. Remember, it is easy to transition to a new place when you know what to do. Here are some parts of Florida which make it an ideal place for you and your loved ones:

Financial Aspect

Florida’s tax laws are designed to provide tax incentives. All you need is to establish Florida as your domicile. This demonstrates your legal residency in the state. Legal residence proof allows you to be eligible for the state’s tax benefits, such as zero Florida state income tax. 

Florida has substantially lower state taxes overall than most other states. Florida’s general state sales tax rate is 6% with some exceptions, whereas Florida’s average real property tax rate is 0.98%. 

Geographical Aspect

The geographical location of Florida gives it a unique go-to place.

Let’s take a quick look into it:

Excellent Warm Weather

When you have a sunny day for about 200 days annually, one would assume the weather to be hot and humid. However, Florida tends to be mostly mild and warm. Miami is a good example. In the winter, the temperature often varies between 76 and 80 degrees Fahrenheit. The highest temperature throughout the summer is 90 degrees.

Beautiful Beaches

Living in Florida means easy access to some of the world’s most beautiful beaches. Some examples are St. George Island, Clearwater Beach, Pensacola Beach, Delray Beach, Panama City Public Beach, and Siesta Public Beach in Sarasota. 

All easy access to beaches also means you have a ton of outdoor activities like fishing on the shore, sunbathing any day, motorboating, etc. A fabulous downtown area with fantastic beaches, restaurants, breweries, and retail stores. So if you are interested in buying a home near these beaches but you are not sure how or why you should hire a broker, we have an excellent piece on how and why Choosing The Right Agent Does Make A Difference.

Wildlife And National Parks

If you are into wildlife and want to be close to nature, Florida is home to numerous wetlands, including the Everglades, which contribute to the state’s high biodiversity. Numerous marine creatures and endangered species call it home. Such biodiversity and parks give an outdoor enthusiast a perfect opportunity for camping, hiking, etc.

Cultural Aspect and Cost Of Living

It is hard to compare Florida when it comes to cultural diversity with a laid-back lifestyle. Throughout the state, you will find people of every age, religion, and background, making it one of the most diverse and unique in the country. 

Sports Enthusiast

Another interesting cultural aspect of Florida is its love for sports. This is evident, seeing that there are professional football, professional baseball, professional basketball, and professional hockey teams in Florida. The state’s diversity is undoubtedly one of the reasons why Florida is such an exciting place to live.

Lower Cost of Living

The cost of living in Florida is less than in California. According to The Missouri Economic Research and Information Center estimates, Florida’s cost of living index is 100.3 compared to California’s index of 142.2.

The cost of living calculated on the consumer price index puts the monthly cost of living in Florida to be $1,832 per person, including rent. The cost of living index considers the cost of food, healthcare, transportation, gas, electricity, and other costs.

Employment And Growth Aspect

Florida is one of the country’s economic powerhouse, with the fourth biggest economy with $1.2 trillion in Gross Domestic Product annually. This huge economy is also very diverse ranging from tourism, agriculture, tech giants, aerospace and aviation, and manufacturing to international trade. Florida’s diverse economy thus opens up new avenues and opportunities for employment for all kinds of expertise and talent.

In terms of Growth, in recent times, we have seen many mega industries like Amazon, Mercedes Benz USA, and KLS Martin shifting their headquarters and new offices to Florida. This has boosted the real estate market, which was already at a positive growth because of the annual influx of tourism. 

The demand is still ever increasing because of the reason stated in the beginning. For more information about renting and purchasing real estate in Florida, you can visit Gator Rated where you will find the best Realtors in Pinellas County for the best service when it comes to real estate in Florida.

Emotional and Entertainment Aspects

Moving to Florida provides an experience where you will not have to travel for vacation on a long boring flight. Instead, Florida will bring your friends and family to you. Another aspect about Florida that is often left out is the sense of community Florida infuses within you. 

Many ex-pats hold regular support meetings to help new arrivals settle in and make friends. Entertainment in Walt Disney World is every child’s dream, right?

Disneyland might have started it, but Florida has all kinds of theme parks and entertainment avenues for all age groups. Such as Wizarding World of Harry Potter, Aquatica, St. Augustine Ghost Tours, Legoland, SeaWorld, etc. fun fact: Locals receive discounts on such attractions.

Interestingly, for a laidback lifestyle, playing golf is their favorite leisure sport. It is so popular that you will find tons of golf courses everywhere.

Bottom-line,

Florida has a lot to offer everyone. This is only a small sample of what Florida has regarding socio-economic and entertainment aspects. If you want to relax and live a pleasant community life, you won’t find a better place than Florida. 
However, Florida is also quickly becoming one of the hottest real estate markets for investment. If you are interested to learn more about real estate investment, we have it right here for you on  How to do a Good Real Estate Investment, invest your time learning more about Florida.