Florida's population has grown to 21,538,187 in 2020, with a 14.6% increase since 2010, replacing New York as the third most populous state,
after California and Texas. In South Florida, the Miami metropolitan area is the 7th largest metropolitan area in the United States with a population of 6,167,000 in 2021.
Also known as Metro Miami, the tri-county area includes Miami-Dade, Broward and Palm Beach counties, which are the first, second, and third most populated counties in Florida. It's not only the warm weather, abundant sun and popular beaches that make Florida an attractive location for sun-seeking retirees, but the lenient tax structure presents a viable option for investors, firms, and companies - small and large. Zero personal income tax, no state income tax for small businesses other than C-corps, and low standard corporate tax with ample exemptions and credits, deem Florida a tax-friendly state that makes for a sound business decision.
With low taxes and an ever-increasing remote workforce, it only makes sense that established companies from major business hubs like LA and NYC have been relocating to South Florida in record numbers. From the stunning scenery with waterfront views, entertainment, arts, shopping, culture and dining, to booming economy and favorable tax structures for businesses, it's no secret that South Florida has something for everyone and continues to be a top-ranking area to move to from all over the world.