Why Florida

Competitive Advantage

Cost of Living Comparison

Labor Pool & Talent

FLORIDA RANKED THIRD-LARGEST IN WORKFORCE

Sum of Cost Index

188.4 HIGHEST COST OF LIVING

BY YEAR END 2022, FLORIDA SURPASSED NEW YORK IN TOTAL EMPLOYMENT FOR THE FIRST TIME IN HISTORY, A LEAD IT MAINTAINED IN 2024

100.3

FLORIDA

84.9 LOWEST COST OF LIVING

Business Environment

#4 BEST BUSINESS TAX CLIMATE

#5 BEST STATE BUSINESS CLIMATE #1 BEST STATE TO START A BUSINESS IN THE U.S.

Total Employment 2023 – 2024 Total Employment 2023-2024

PRO-BUSINESS LOCAL & STATE GOVERNMENT

20

18

16

14

Work/Life Balance

12

10

81° AVG HIGH 60° AVG LOW

NO STATE OR LOCAL PERSONAL INCOME TAX LOW PROPERTY TAXES COMPARED TO NORTH

8

Millions

6

4

2

0

IL

IA

IN

ID

HI

RI

MI

FL

WI

NJ

AL

LA

AZ

VT

TX

TN

CT

UT

VA

KY

KS

AK

PA

SC

NV

AR

NE

DE

SD

CA

NY

MT

GA

NC

OK

NH

ND

OH

MA

CO

OR

MS

ME

MD

MN

NM

WA

MO

WV

WY

Cushman & Wakefield | Why Florida

U.S. Bureau of Labor Statistics