state migration

Miami Was The Place To Retire — Until It Slid 150 Spots Down The Popularity List

The financial considerations of moving to Miami have shifted considerably. The draw of the city has long been about dollars and cents: you could move from a place like New York City, with its astronomical cost of living, to another global city, riding into retirement with some extra money and a whole lot more sun to boot. However, between 2019 and 2023, it got a whole lot less advantageous to make the move.

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Florida Is Beginning To Lose Homeowners Over High Insurance Premiums

According to the Insurance Information Institute, Florida insurance premiums have gone up by 300% in the last five years. The average cost of home insurance in the U.S. is $1,700, whereas Floridians pay over $4,200 annually if they can get insurance at all. The U.S. Census Bureau shows that nearly 276,000 people left Florida in 2022, and it’s believed that skyrocketing insurance premiums motivated many of the departures.

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