Sunshine State Enticing More Northerners To Make The Move

wall street journal sunshine state

Illustration: Chris Gash, Wall Street Journal

It was a cold, bleak winter up North. And that’s prompting more northerners to pack up and move to Florida.

If you missed it, take a look at Anya Martin’s article “Winter-Weary Home Buyers Heading to Florida” in last week’s Wall Street Journal.

Martin writes that home sales in the Sunshine State were up 19.6% in June compared with a year ago, as our area of Florida continues to attract people from the Northeast, South America, and Europe.

Florida figures at the top of many relocation lists. Small-business owners like the fact that Florida has no state income tax and a business-friendly environment, explained Tom Wind, executive vice president of home lending at Jacksonville-based EverBank.

Active retirees also find that their income goes much further in Florida than in high tax states like New York, Pennsylvania, or Maryland.

 

 

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

Subscribe to our updates

Stay informed about financial planning and investing issues that impact your life today AND tomorrow! (we respect your privacy)

No comments yet.

Leave a Reply