The boom years in Florida may be over, but that’s not to say people will stop coming anytime soon.
Population growth is expected to slow throughout the decade, according to a report from the Florida Office of Economic & Demographic Research. The state’s growth rate averaged 3% per year from 1970 to 1995. And while population growth has continued to exceed the national average in recent years, it’s tailed off during this century, especially complicated by the Great Recession starting in 2008. In recent years, growth has been less than 2% year over year. Moving forward, the department projects about an average of 1.25% in population growth year over year through 2030. Somewhat predictably, much of that growth is predicted to be from retirees ages 65 and older relocating.