Admin

Florida growth: 1 new Orlando each year!

By
Real Estate Agent with Highlight Realty

Florida Growth to Top 300,000 People Each Year

Fla. will continue growing by more than 330,000 people per year (906 per day) and top 22 million residents by 2022, according to a report by state economists. The rate is equivalent to adding a city population larger than Orlando each year.

TALLAHASSEE, Fla. – Florida will continue growing by more than 300,000 people a year 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 during 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, with an increase to 21.2 million on April 1, 2019. It’s forecast to hit 22.2 million as of April 1, 2022 and 22.8 million on April 1, 2024.

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

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

Source: News Service of Florida

Posted by

 

HIGHLIGHT REALTY                                                                    Tatyana Permanova 561-756-6962 561-756-6962 - Tatyana Permanova

 

 

 

HIGHLIGHT REALTY                                                                    Tatyana Permanova 561-756-6962 tpermanova@gmail.com

 

 

 

           

 

 

 

 

 

 

 

Tatyana Permanova

 

Comments(3)

Show All Comments Sort:
Georgie Hunter R(S) 58089
Hawai'i Life Real Estate Brokers - Haiku, HI
Maui Real Estate sales and lifestyle info

With all those people moving there, I hope Florida doesn't sink!

Jul 30, 2019 02:54 AM
Tatyana Permanova

I hope so too! Hahahaha.

Jul 30, 2019 05:35 PM
Tatyana Permanova
Highlight Realty - Fort Lauderdale, FL
561-756-6962 - Miami, Fort Lauderdale | Boca Raton RE

 

Florida IS REALLY growth: Just look at Fort Lauderdale! So many new construction!

 

Aug 02, 2019 08:58 PM
Viktoriya Kuznetsova
Highlight realty - Boca Raton, FL
954-859-8927 Boca Raton | Fort Lauderdale | Miami

Developer borrows $105M, breaks ground for mixed-use Flagler Village project

Quantum at Flagler Village will include 337 apartments, a 137-room hotel, a 647-space parking garage, and retail stores on Federal Highway
Aug 02, 2019 09:04 PM