New Residents Flooding Into Florida Bring Billions With Them: Report

Florida Chamber of Commerce mid-year report shows state's income swelling with surging population

After being closed to visitors during Florida's early response to the COVID-19 pandemic, people visit Clearwater Beach after Gov. Ron DeSantis announces Florida beach re-openings on May 04, 2020. Mike Ehrmann/Getty Images

People moving to Florida have brought with them almost $40 billion in net annual income, according to a report by the Florida Chamber of Commerce.

In the organization’s 2023 Florida Business and Economic Mid-Year Report, chamber president Mark Wilson wrote that this year, “Florida is reflecting another year of population growth, wealth migration, more jobs, and a flourishing economy.”