Summary
A survey reports that many Florida residents are thinking of leaving the state due to high living costs and financial strain. Rising property prices, taxes, and insurance premiums contribute to concerns about affordability. Nearly half of the people surveyed are worried about managing their expenses and saving money.
Key Facts
- A survey reveals that 25% of Florida residents are seriously thinking about leaving the state due to high living costs.
- 42% of residents doubt the current reality of the "American Dream" because life has become more expensive.
- 90% of those surveyed are worried about inflation, and 80% are concerned about housing costs.
- 43% of survey participants live paycheck to paycheck, while only 48% have a savings cushion for three months.
- Home prices in Florida increased by 51% from March 2020 to June 2022, but have recently stabilized yet remain high.
- Property taxes in the state rose by 2.6% in the past year, and Florida ranks 30th in the country for property tax burden.
- Home insurance costs in Florida are among the highest in the U.S., partly due to past legal issues and natural disaster risks.
- Florida's government is looking into ways to reduce property tax and home insurance costs.
