Drew Dixon
Florida is not losing any popularity among retirees. In fact, it’s tops in the U.S. for annual migration among the Baby Boomer generation and near the top for several other generations.
A new study using 2023 data by StorageCafe, a self-storage company, shows the Sunshine State’s “silver tsunami” net migration among Baby Boomers amounted to 50,615.
The StorageCafe analysis looked at the number of people moving to different states, ranking states based on net migration, both overall and relative to each state’s population. The study also factored in the reasons people are moving, as well as age, income, education level, employment status and home prices, among other factors.
Florida was not only first among migration for Baby Boomers, it had more than double the amount of relocations over North Carolina, which came in second. North Carolina’s net migration among Baby Boomers sat at 20,349 in 2023. That was followed by South Carolina in third, Arizona in fourth and Georgia in fifth.
Florida was plus-136,700 in net migration in 2023. That’s the 10th straight year Florida has seen a net of at least 100,000, amounting to a net gain of 1.5 million people in that time.
While Baby Boomers account for the largest portion of retirees moving to Florida, the next generation in line for retirement, Generation X, appears warm to Florida as well. But the Sunshine state is not at the top of the list for Gen Xers, though it’s close. Florida finished second, only behind Texas. Florida saw a net migration of 23,261 Gen Xers two years ago.
Millennials nearly matched that number, with a net migration of 25,189. That put Florida third behind Texas at No. 1 and North Carolina at No. 2.
But even for a generation that isn’t considering retirement yet, Florida did well. Among Generation Z, Florida saw a net migration of 14,098 in 2023. That was fifth in the nation behind South Carolina, Arizona, North Carolina and the District of Columbia.
