Population Growth Continues in Florida
Posted by Benjamin Dona on Thursday, March 24th, 2011 at 6:30pm.
A review of the recently released 2010 Census data shows that Florida has had its seventh consecutive decade of double-digit population growth. In fact, new residents totaled 2.8 million from 2000 to 2010. That's a rise of 17.6% from the last census and much better than the nation as a whole, which grew at a rate of 9.7%.
According to the demographers, domestic migration is driving the growth, especially from the northern states. Three hundred plus days a year of sunshine and no state income tax defintely make this movement understandable. The continued decline in real estate prices is also playing a major role in making the state a really attractive place in which to live.
While the end of the decade brought nationwide economic woes including a higher than normal rate of unemployment and the housing slump, the state weathered the slowdown and appears to be ready to break out again as soon as things begin to improve. When you consider how much property is selling in many parts of the state, our guess is that it will be sooner rather than later.
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