News: Florida becomes the number one moving destination in the USA, dethroning Texas.
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A strong message was posted by the Miami Herald recently: "Move over, Texas. Florida is now the No. 1 moving destination in America."
Texas State dethroned after 4-year reign:
In fact, according to data from U.S. moving giant U-Haul Company, Florida has become the top U.S. moving destination, dethroning Texas, which had held the top spot for the past four years.
"Florida has been showing strong signals of growth for a decade," the U-Haul Company said in a statement, pointing to the attractiveness of a strong and diverse employment base, mild climate and miles of beaches along the cities.
News in line with the region's demographic fundamentals:
The news coincides with U.S. Census data showing that as of July 1, 2019, Florida remained the third most populous state in the country, having overtaken New York in 2014. The Sunshine State's population has grown by 1.1 percent over the past year, more than double the U.S. average.
West Palm Beach, Boca Raton, Fort Lauderdale, Miami, and many cities in the southern part of the state are among the main drivers of Florida's growth, according to U-Haul.
This trend is the result of the exceptional economic growth that has been taking place in Florida for more than a decade, with the massive arrival of new companies that have come to take advantage of the state's geographic potential, its advantageous tax system and its comfortable lifestyle.
Sources: Miami Herald
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