Florida expanding by over 900 citizens a day in 2019


With real estate at its pinnacle, Florida’s economy is bursting at the seams. The weather remains perfect as ever, and Miami one of the fastest-growing cities in the nation, while further enriching its expansive diversity further and encompassing virtually every corner of the globe. As the UN recognizes World Population Day July 11th and one looks around at the growing metropolitan expanse that never loses its solar flair, it’s easy to see why life on the legendary southern tip of the Sunshine State is so coveted by the masses. Year-round summers when home is near so many famous beaches, and amazing nightlife hotspots, create a “permanent vacation” environment ideal for Florida’s population to grow by more than 900 people every single sunny day.
The causes creating such stunning statistics vary. Utopian climate, rich culture, economic incentives, and more, coalesce to mold a model landscape and visionary progress. Streets are a fusion of old colonial architecture and colorful neo-minimalism, shaped by the people that inhabit them, making Miami a social echo chamber of development on multiple planes.
Let’s explore some of these and learn why so many are migrating south, giving Florida the title of second fastest-growing state in the country for 3 years running, with no end in sight.
Environment
The first things that come to mind when some think of Florida are beautiful people soaking up the sun on golden beaches, strewn across sparkling shores or partying into the twilight with A-list celebrities at chic discotheques.
This is entirely accurate.
With weather this beautiful, the air pulls in a cross-section of influencers from all walks of life. Trendsetters, transnational entrepreneurs, artists, and more communities than you can imagine call Miami home, giving her a multicultural essence that gives off an exciting aroma, but then again, that could just be the Cuban coffee.
The climate is good for not only tanning but for taking advantage of those Golden Years, too. Another stereotype that fits is the number of retirees that flock to Florida for the health benefits provided by the sun. Icy weather ravages joints and bones, so what better way to treat yourself after all you’ve accomplished than lounging by the pool in the sun with a margarita to relax the body?
Strictly for medical reasons, of course.
Economics
Some of the best colleges in the world can be found in Florida, and graduating millennials are setting up shop in Miami, creating a white-collar boom filled by motivated young professionals from around the world. Every aspect of the economy is growing – from aerospace and aviation to art and agriculture, to international trade and financial services and life-sciences and tourism. Pick a business, you will find someone in The Magic City that is not only thriving in their market but is also a leader in that community.

One can actually see Miami’s growth as clusters of skyscrapers push the heavens higher and higher while spreading in diameter at what seems to be a quixotic pace. This feeds the infrastructure and overall quality of life – which is quite literally already the vision of paradise – fertilizing the atmosphere on too many levels to name.
Miami is also a haven of fiscal policies. Florida has no state income, inheritance, vehicle, or intangible tax. Though there is a 6% sales tax, this can be deducted to supplement your yearly return.
The logic behind the beachcomber
When examining the endless list of reasons Miami’s population is blowing up, it becomes evident that the city will continue to explode. A 209% rise in residents since 1970 has experts predicting a 14% increase to the more than 21 million residents. Estimates vary from one source to another, but all agree that Florida will continue to grow quickly.
It’s not surprising that real estate in Miami is trending upward with the movers and shakers of the world, creating a tropical oasis that is fueling this coast’s fertile ambiance. Culture and business bond in the Magic City, preserving the seaside paradise while stimulating a boundless expansion fueled by imagination.
And, of course, sun.

The Benefits of “The Florida Lifestyle’s” Tax Leniency

From sparkling waters along miles of pristine sand to glorious weather that greets warmly year-round, there are dozens of reasons people call South Florida home.  With a multitude of activities and attractions available to residents known throughout the world many times over, there’s one colossal perk that comes along with the tropical life many people overlook:  lax tax laws. Ranked for decades by the Tax Foundation as one of the states with the 10th lowest levy’s in the nation and 7th all around by WalletHub in 2019, Florida’s families not only enjoy the tranquil environment, their economic burdens are also breezy.
Disney and our beaches may be major tourist draws but living in Miami has a few financial perks not available unless you reside in Florida.  Here are some ways to help make the most out of your money when you move down to the Sunshine State.
No income tax              
One of only seven states that impose no income tax on its residents, Florida’s families feel these incentives from the top.  Uncle Sam is friendly on our wages permitting us to save money for homes, education, vacation, and whatever else our hearts’ desire.  
No inheritance or estate tax
Seniors flock to Florida by the droves for more than just the kind climate, many are thinking about their descendants.  With no inheritance or estate tax, residents side-step this golden-year burden while getting a tan on one of our many world-renowned golf courses.
No intangible tax
Assets come in various forms, with some a little less concrete than others, making them difficult to calculate.  Especially if they’re being taxed. Thankfully, Floridians don’t have to worry about portfolios getting raided because in 2006 the State repealed levies on stocks, bonds, and mutual funds owned by people or businesses under $250k (or $500k for joint filers).  Everything above this amount gets hit with only 50 cents for every thousand dollars.
It’s one of the reasons commerce tends to thrive under our sun.
No vehicle property tax
Annual registrations are simplified thanks to this ace.  Cruising on our open expressways is convenient as well as economical.  
No state property tax
Florida does not collect property tax from their residents.  Although our counties do generate some revenue through a due like this of their own, they all vary depending on which one you call home, allowing us many options.  
The handicapped, elderly, and veterans are assisted even further, being exempt from some, if not all, property taxes to facilitate the lives of the men and woman who serve our country or those in trying conditions.  
Wait, there’s a catch… but it comes with a catch, too
Floridians like to joke that we make up for our lack of income tax with our 6% sales tax.  A bit high when looking at our neighbors around the country, it can turn some people off to the idea of becoming a beachcomber.  
But never despair, as this little caveat comes with a loophole.
Sales taxes can be deducted at the end of every year when we file our returns.  The IRS even has a sales tax calculator to help estimate how much money you can expect back.  And this applies to large-scale purchases like cars or boats, too.
Like mom always said, save your receipts!
Are you dying to live the Florida lifestyle?  The Audrey Ross Team at MiamiRealEstate.Com can find your family’s new home letting you experience how it feels to have summer year round.  Give us a call at (305) 661-4003 or drop us a line here.

 

How to Celebrate Earth Day Every Day in Miami

In South Florida, we celebrate Mother Nature every day of the year. Thanks to her we have beautiful beaches, pristine waterfronts, and scenic landscape that is envied worldwide. But no matter the day, Earth Day should be celebrated all year long and here are four easy ways to do so. 
 
Keep Car in Garage
While Miami hasn’t always been known as a pedestrian friendly destination, the times are certainly changing. Leave the car behind and go for a stroll in walkable neighborhoods like historic Coral Gables, tree-lined Coconut Grove, or beachside Miami Beach. Or opt for a bike ride, which is easier than ever to do in Miami. Grab a Citi Bike or your own two wheels and peddle around town to admire some of our scenic routes like Key Biscayne’s Rickenbacker Trail or South Miami’s Old Cutler Trail. 
 
Be a Vegan for the Day
Did you know if everyone on the planet went vegetarian just for a day it would reduce water usage by 13 million tons? One day without meat, dairy, or seafood does make an impact. Do your part and whip up a plant-based meal using ingredients from a local’s farmer’s market. Or opt for a vegetarian meal at places like Miami Beach favorites Planta or Soul Tavern or Coconut Grove staple Last Carrot. 
 
Recycle
It seems like a simple formula: reduce, reuse, recycle, but recycling is a key component that some still look past in the city. Make sure you’re not only recycling items properly (there’s a great primer for that here) but that you’re doing your best to reduce waste and reuse items and limit use of single use plastics. Trade-in that disposable water bottle for a reusable water bottle, those plastic grocery bags for sturdy cloth ones, and make sure to have a metal straw on hand to sip on a drink in lieu of plastic ones. 
 
Do Outdoor Yoga
With Miami’s fantastic outdoor space and enviable year round weather, what better place to get some zen then the great outdoors? Grab a mat and head to your backyard or patio for some namastes, or join one of the enlightening outdoor yoga classes held throughout the city — plus most are free or just a few dollars to join! Try an early morning Saturday class at the New World Center, a complimentary yoga session in Peacock Park on Tuesdays, or an almost daily outdoor yoga session a Downtown Miami’s Bayfront Park.