The Florida Chamber of Commerce 2023 Economic Mid-Year Report found that more than half of $39.2 billion in income inflow occurred as a result of residents relocating to the Sunshine state from other states but workers are scarce

“When you have a lot of spendable income flowing into the state, that’s an immediate injection into the Florida economy and I believe 60% of our tax revenues come from the sales tax and transaction taxes,” said Bill Herrle, executive director of Florida’s National Federation of Independent Business (NFIB). 

Texas had $10.9 billion of income inflow followed by Nevada with $4.6 billion.

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