Is the Florida boom over?
During the pandemic, Florida became a haven for those looking to escape lockdowns. Miami was a “Zoom town,” a place where rich mobile professionals moved to enjoy the beaches and freedom, while continuing their remote jobs. Some $36 billion in extra income tax registered with the IRS in 2022. That great influx of people has now come to an abrupt end. ‘Florida is paradise, but you live in paradise to enjoy it, not to bust your ass’ New US Census Bureau figures show that net migration to the Sunshine State has fallen 92 percent since 2022, its lowest level for more than 15 years. The number of people moving to Florida has collapsed, while existing Floridians are picking up stakes and going elsewhere.
