Five Things to Know Before Moving to Florida

The Sunshine State Beckons 

With its pristine beaches, year-round sunshine, and vibrant culture, Florida has long been a magnet for those seeking a change of scenery or a fresh start. The allure of palm-fringed streets, diverse communities, and a laid-back lifestyle continues to draw people from all walks of life. However, moving to Florida requires careful consideration and planning, just as any significant life decision does.

This blog aims to provide valuable insights for potential movers on what to know about Florida. Let’s highlight five crucial aspects before making the Sunshine State their new home. 

As individuals contemplate this significant life change, it’s essential to consider the lifestyle aspects and financial implications of such a move. In this regard, Amerant Bank stands ready to assist new Floridians with their banking and economic needs. The aim is to help ensure a smooth transition to a new life in the sun. 

1. Cost of Living: Sunshine at What Price? 

One of the first considerations for anyone contemplating a move to Florida is the cost of living. While the perception is often that Florida is affordable, the reality can vary significantly depending on the region one chooses to call home. 

Housing Costs: Florida’s housing market presents diverse options and price points. While some areas offer affordable housing, others are more expensive, particularly in popular coastal regions and major cities. For instance, median home prices in Miami or Naples can be significantly higher than the national average. On the other hand, more inland areas or smaller towns may offer more budget-friendly options. 

Property Taxes and Insurance: People view Florida’s property taxes as generally moderate compared to other states. However, homeowners should prepare for potentially high insurance rates, particularly flood and hurricane insurance in coastal areas. These additional costs can significantly impact the overall cost-effectiveness of homeownership in Florida. 

General Cost of Living: Regarding day-to-day expenses, Florida’s cost is close to the national average. However, this can vary widely depending on the specific location. Major metropolitan areas like Miami or Orlando tend to have higher grocery costs, transportation, and entertainment than smaller towns or rural areas. 

Florida does not have a state income tax, which is worth mentioning. This can generally be a significant financial benefit for many residents. This tax advantage can help offset some of the higher costs associated with living in more expensive areas of the state. 

2. Weather and Climate: Sunshine, Storms, and Everything in Between

Florida’s climate is one of its biggest draws, but it’s also one of the most important factors to consider before moving. The state’s weather patterns are diverse and can be both a blessing and a challenge for residents. 

Sunshine and Heat: Florida lives up to its nickname as the Sunshine State, with most areas enjoying over 200 days of sunshine yearly. However, with plentiful sunshine comes excellent heat, particularly during summer. New residents should prepare for high temperatures and humidity levels that can make outdoor activities challenging during the hottest parts of the day. SPF, shade, and even an umbrella will be necessities for how the weather works.

Hurricane Season: The most significant weather consideration for potential Florida residents is hurricane season, which runs from June 1 to November 30. While not every year brings a substantial storm, the threat of hurricanes is a reality that Floridians do prepare for. This includes having an emergency plan, stocking up on supplies, and potentially relocating if necessary. 

Preparing for Florida’s Climate: To make the most of Florida’s climate, new residents should – 

• Invest in good-quality sunscreen and protective clothing 
• Ensure their homes have efficient air conditioning systems 
• Familiarize themselves with hurricane preparedness guidelines 
• Consider flood insurance, even if not in a designated flood zone 

3. Employment and Business Opportunities: A Diverse Economic Landscape 

Florida’s economy is as diverse as its population, offering various employment and business opportunities across various sectors. 

Thriving Industries: Some of Florida’s key industries include – 

• Tourism and hospitality 
• Healthcare and life sciences 
• Aerospace and aviation 
• Agriculture and food production 
• Technology and innovation 

Job Market: Florida’s job market has shown resilience and growth in recent years. Major cities like Miami, Orlando, and Tampa offer many opportunities in sectors ranging from finance and technology to healthcare and education. However, job seekers should be aware that competition can be fierce in popular areas, and wages in some sectors may not always keep pace with the cost of living in more expensive regions. 

Entrepreneurial Opportunities: Florida has cultivated a reputation as a business-friendly state, with policies that support entrepreneurs and small business growth. The state’s diverse population and a steady influx of tourists create unique opportunities for niche businesses and innovative startups. From beachside cafes to tech startups, Florida provides fertile ground for entrepreneurs willing to take the plunge. 

4. Lifestyle and Recreation: Living the Florida Dream 

Florida’s lifestyle is perhaps its most significant selling point. It offers a unique blend of relaxation, adventure, and cultural experiences. 

Beach Life and Outdoor Activities: With over 1,300 miles of coastline, Florida is a paradise for beach lovers and water sports enthusiasts. From surfing and paddleboarding to fishing and boating, the options for outdoor recreation are nearly endless. Inland, the state offers numerous parks, golf courses, and nature preserves for hiking, biking, and wildlife viewing. 

Cultural Diversity: Florida’s population is a melting pot of cultures, reflecting influences from Latin America, the Caribbean, Europe, and beyond. The state’s cuisine, festivals, and cultural events reflect the diversity. New residents can expect to experience a rich tapestry of traditions, languages, and flavors that make Florida unique. 

Entertainment and Attractions: From world-famous theme parks in Orlando to the vibrant nightlife of Miami, Florida offers entertainment options for all ages and interests. The state has many museums, theaters, music venues, and professional sports teams in football, basketball, hockey, and baseball. 

Community and Lifestyle: Florida’s communities range from bustling urban centers to quiet retirement villages, offering something for every lifestyle preference. Many areas feature active community organizations, farmers markets, and local events that help new residents connect and feel at home. 

Amerant Bank’s Role: As new residents settle into their Florida lifestyle, Amerant Bank stands ready to support their financial needs. From mortgages for that dream beach house to business loans for new ventures, Amerant Bank’s services help individuals and families make the most of their Florida experience. 

5. Education and Healthcare: Investing in Your Future 

While often overlooked in favor of more glamorous aspects of Florida living, education and healthcare are crucial considerations for many potential movers. 

Education: Florida’s education system offers a mix of public, private, and charter schools, as well as numerous colleges and universities. The state has made significant investments in education in recent years, with some districts ranking among the best in the nation. However, quality can vary significantly between areas, so families with school-age children should research local schools carefully when choosing where to live. 

Healthcare: Florida is home to several world-renowned medical facilities and has a generally robust healthcare system. However, access to quality healthcare can vary depending on location, with rural areas sometimes facing challenges regarding specialist care. New residents should research local healthcare options and consider their proximity to medical facilities when choosing a place to live. 

Your Move to Florida Awaits 

Moving to Florida can be an exciting new chapter, offering the promise of sunshine, opportunity, and a unique lifestyle. By considering these five key aspects – the cost of living, weather and climate, employment and business opportunities, lifestyle and recreation, and education and healthcare – potential movers can decide whether the Sunshine State is right for them. 

As individuals embark on their Florida journey, Amerant Bank stands ready to support their financial needs every step of the way. From setting up new accounts to financing a home or business, Amerant Bank’s comprehensive services can help new Floridians establish their roots and thrive in their new home. 

Florida’s diverse landscapes, vibrant communities, and endless opportunities await those ready to move there. With careful planning and consideration, the dream of living in Florida can become a sun-soaked reality.