Why Florida

Competitive Advantage

Cost of Living Comparison

Labor Pool & Talent

Sum of Cost Index

FLORIDA RANKED THIRD-LARGEST IN WORKFORCE BY YEAR END 2022, FLORIDA BEAT OUT NEW YORK IN TOTAL EMPLOYMENT FOR THE FIRST TIME IN HISTORY.

193.3 HIGHEST COST OF LIVING

100.3

FLORIDA

83.3 LOWEST COST OF LIVING

Business Environment

#4 BEST BUSINESS TAX CLIMATE

#1 BEST STATE BUSINESS ENVIRONMENT

% Change in Job Growth 2022 – 2023

#2 BEST STATE TO START A BUSINESS IN THE U.S.

PRO-BUSINESS LOCAL & STATE GOVERNMENT

6 %

5 %

4.9 %

Work/Life Balance

4 %

81° AVG HIGH 60° AVG LOW

NO STATE OR LOCAL PERSONAL INCOME TAX LOW PROPERTY TAXES COMPARED TO NORTH 12 MAJOR LEAGUE SPORTS TEAMS

3 %

2 %

1 %

0 %

NEVADA

TEXAS

FLORIDA

WASHINGTON HAWAII

TENNESSEE

OREGON

NEW YORK

NORTH CAROLINA NEW JERSEY

CALIFORNIA KANSAS

GEORGIA

ARKANSAS

SOUTH CAROLINA

PENNSYLVANIA

MASSACHUSETTS ARIZONA

NEW MEXICO IDAHO

ALASKA

VIRGINIA

OKLAHOMA

MONTANA

MISSOURI UTAH

NEW HAMPSHIRE DELAWARE ILLINOIS

INDIANA

MINNESOTA

SOUTH DAKOTA MAINE

ALABAMA IOWA

NEBRASKA

MICHIGAN

KENTUCKY

NORTH DAKOTA

CONNECTICUT WYOMING

COLORADO

LOUISIANA

VERMONT

WISCONSIN

MISSISSIPPI

RHODE ISLAND

DISTRICT OF COLUMBIA OHIO MARYLAND WV

Cushman & Wakefield | Why Florida

U.S. Bureau of Labor Statistics