Is Florida getting richer?
Is Florida getting richer? Plus: The median household income across the Tampa-St. Petersburg-Clearwater metro area rose 3.5% between 2019 and 2022, per ACS data. Tampa Bay's median income was $69,290 in 2022, up from $66,938 in 2019, adjusted for inflation.
Why do the rich move to Florida?
Florida is where it's at for high-earning millennials. Take one look at income tax rates in New York—and the median cost of a one-bedroom apartment with no natural light—and it's no wonder why people who can afford to are flocking elsewhere. With no state income tax at all, Florida and Texas are the No. 1 and No.