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Florida Growth to Top 300,000 People Annually

July 30, 2019 by Nick & Cindy Davis

Florida. will keep growing by over 330,000 people annually (906 each day) and top 22 million residents by 2022, as outlined by a report by state economists. The rate is the same as adding a city population larger than Orlando each and every year.

 

Florida Growth to Top 300,000 People Annually

Florida Growth to Top 300,000 People Annually

 

Florida will continue growing by more than 300,000 people annually and will top 22 million residents in 2022, according to a report posted online this week by state economists.

The Demographic Estimating Conference updated population forecasts through April 1, 2024 and showed steady growth throughout the multi-year period.

“Between April 1, 2018 and April 1, 2024, population growth is expected to average 330,605 net new residents per year (906 per day), representing a compound growth rate of 1.53% over this six-year time horizon,” an executive summary of the report said. “These increases are analogous to adding a city slightly larger than Orlando every year.”

The report estimated the population on April 1, 2018, at 20.84 million, having an increase to 21.2 million on April 1, 2019. It’s forecast to reach 22.2 million as of April 1, 2022 and 22.8 million on April 1, 2024.

The population increases will primarily originate from “net migration” as people move into the state, as opposed to births, which are largely offset by deaths.

The report noted that the state’s forecasts are in fact lower than population predictions by the U.S. Census Bureau, saying they utilize different methodologies in reaching their estimates.

Have a questions or concern? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116 to answer your questions or you can simply click here and we will be in touch with you shortly.

Need to get started with your mortgage process? You can contact Kyle Edwards with Iberia Bank at 813-495-5131, or simply click here to start your online application.

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Filed Under: 2019, Advice, Buying a home, Florida Housing 2018, Home buyers, Home buying, Housing Market 2018, Housing Updates 2018, RE/MAX, RE/MAX Agent, Real Estate Tips, Tips

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