Palm Beach County saw a population surge from July 2017 to July 2018, according to new numbers from the U.S. Census.
And thanks to no state tax and a recent change in federal tax law that now makes it more challenging to deduct income and property taxes in states like New York, New Jersey, and others around the country, it’s certainly possible more and more people will continue opting for the Sunshine State moving forward.
Back around this exact time last year it was reported that Palm Beach County’s population was projected to surpass 1.5 million people in 2018, even though population projections and statistics can be somewhat inaccurate.
Regardless of the exact figure, however, the low unemployment rate, attractive new tax laws, and of course the warm tropical climate all help make Florida a highly desirable destination for home buyers, and that’s something that can’t be denied as the population continues trending upward.
In Palm Beach County specifically, some analysts are expecting nearly 200,000 new arrivals just over the next five years alone.