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JANUARY 29, 2021
By Erica Plemmons
ORLANDO, Fla – Sunshine, beaches, no state income tax – what’s not to love about Florida? Those assets have been attracting new residents for years. Updated migration data provided by moving van lines show 2020 is no exception (even with a pandemic) for an increase in the number of people declaring Florida “home.”
Van lines give strong indications of movement between states. As Eily Cummings, director of corporate communications at United Van Lines shares, “Each year, our United Van Lines study provides critical insights into broader migration patterns and Americans’ moving motivations.” United Van Lines is the largest mover of household goods in the country, but adding context from other major moving companies offers a fuller picture.
Along with United Van Lines, Allied Van Lines, Atlas Van Lines, and North American Moving Service rate states as “inbound,” “outbound,” or “balanced” based on the percent of total shipments moving in each direction.
An “inbound” state is one in which 55% or more of the moves are going into it. Conversely, “outbound” means 55% or more are going out of the state. Florida ranks as “inbound” from three of the four, with Atlas Van Lines calling it “balanced.” Technically, Florida had more shipments in than out for all four: 57.4%, 54.5%, 57.0%, and 59.6% inbound for Allied, Atlas, North American and United, respectively.
As the third most populous state, Florida ranks high when analyzing counts of both inbound and outbound shipments. Although both directions can produce real estate transactions, net gains indicate an attractive destination and growing economy. And that’s Florida! The Sunshine State ranked fourth for Atlas and first for United.
Florida tops both volume lists from Allied Van Lines, which divides moves into corporate and consumer. After Texas, California and Illinois, the state took fourth place for its corporate shipments. Even more encouraging, Florida retained its title as the top destination state in 2020, which it’s held for the past seven years.
Moving van companies attract specific types of relocators. For DIY movers, U-Haul data sheds some light on where they’re going. Since 2016, Florida has ranked in the top two for U-Haul, though it only took the top spot last year.
And location, location, location matters. Even within Florida, some areas shine brighter than others. U-Haul listed five Florida cities in its top 25 growth cities, with the top three spots all taken by Florida: North Port (1), Kissimmee (2), Port St. Lucie (3), Ocala (6), Melbourne (23). Kissimmee, Port St. Lucie and Ocala also made the top 25 in 2019.
Any way you slice the data, Florida is a hot spot for migration. Consider ways you can interact with movers coming from out-of-state, especially as remote work continues into the new year. Coming soon, we’ll take a closer look at some demographic breakdowns found in the United Van Lines data that could help with your marketing efforts.
Erica Plemmons is an economist and Director of Housing Statistics
© 2021 Florida Realtors®
JANUARY 29, 2021
By Kerry Smith
ORLANDO, Fla. – For many people, a Florida retirement means warm year-round weather and no shoveling snow. But retirement living is a big decision. It’s not paradise if you run out of money. A state with good healthcare might have a high cost of living and high taxes. A state with affordable housing may have limited access to hospitals.
To determine which U.S. state was best overall for retirees, WalletHub weighed 45 variables, including affordability, quality of life and healthcare. Florida wasn’t the No. 1 state in many categories, but the study determined that Florida, overall, was the No. 1 U.S. state for retirees considering a move.
According to WalletHub, cost is a major concern for many retirees, and “Even in the most affordable areas of the U.S., most retirees cannot rely on Social Security or pension checks alone to cover all of their living expenses.”
But safety and healthcare also weigh heavily in relocation decisions.
WalletHub’s advice: “If retirement is still a big question mark for you because of finances, consider relocating to a state that lets you keep more money in your pocket without requiring a drastic lifestyle change.”
To determine the best places to retire, WalletHub compared the 50 U.S. states based on those 45 key indicators and came up with a score for retirement-friendliness.
In the analysis, No. 1 Florida had a total score of 61.09 compared to second-place Colorado. For affordability, Florida ranked fourth; for quality of life it ranked sixth; for healthcare, it raked 28th.
Colorado had a 60.94 overall score, but it ranked 13th in affordability and 16th in quality of life. It beat Florida only under healthcare at fifth.
New York and New Jersey hugged the bottom positions, with scores of 41.86 and 37.41, respectively. New York ranked 49th in affordability, 17th in quality of life, and 27th in healthcare. No. 50 New Jersey ranked 50th in affordability, 35th in quality of life, and 33rd in healthcare.
For more information on the study, visit WalletHub’s website.
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