July 25, 2022 Merrick Manor Perks

Golden State Exodus: California Losing Appeal, Residents to Florida

Fed up with exorbitant taxes and real estate costs, Californians are relocating to Florida in droves. The governors of each state are having a war of words over the influx of people fleeing the Golden State.

California trailed only New York and New Jersey on the list of states with the most driver’s licenses exchanged for ones with Florida addresses, according to Florida Department of Highway Safety and Motor Vehicles data cited by the Palm Beach Post. In 2021, California had 27,081 driver’s license exchanges. That represents a 43% increase over the five-year average and a 55% surge from 2020.

“The pandemic awakened this movement of people who weren’t coming before,” one Realtor told the Post.

When comparing the two states, it is not hard to see why this trend is occurring. While Florida has no state income tax, California’s income tax ranges from 1% to 12.3%, with a sales tax rate between 7.25% and 10.75%. California’s destructive earthquakes and wildfires arrive with no prior notice, and a state population of 39.4 million people leads to massive congestion on its freeways.

For Californians seeking to move to Florida, Merrick Manor offers an appealing combination of luxury, value and an unbeatable location in the City of Coral Gables.

Located at 301 Altara Avenue, the 10-story, 227-residence Merrick Manor’s pet-friendly amenities and lifestyle truly cannot be beat. Merrick Manor is just steps away from the world-class Shops at Merrick Park and has a Zillow Walk Score of 77, making it “very walkable.”

Berkshire Hathaway HomeServices EWM Realty is the exclusive residential sales and marketing representative for Merrick Manor.

For more information about the residences at Merrick Manor, visit the new Sales Gallery in Suite 117 on the ground floor of the building at 301 Altara Ave., Coral Gables, FL 33146 – or contact the Berkshire Hathaway HomeServices EWM Realty team by calling (305) 779-6870. The Sales Gallery is open from 10 a.m. to 6 p.m. on Monday through Friday and from 11 a.m. to 5 p.m. on Saturday and Sunday.