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Story summary
- Florida led the U.S. in wealth gains from high-earning newcomers in 2023, attracting $20.65 billion in adjusted gross income from out-of-state movers, per IRS data.
- Palm Beach County was the top destination, with new residents averaging $178,085 in income.
- Joel Berner, Realtor.com economist, says Florida's appeal stems from affordability and robust housing supply.
- Domestic migration to Florida slowed in 2025 to 22,517 new residents, a 93% drop from 2022.
