Regional Economic Research Institute

Issue Brief: Population and Income Migration Dynamics

February 03, 2025 / RERI Research Team

Florida continues to have a reputation as one of the best places to live and work. WalletHub ranked Florida as the second-best state to live in because of its strong labor market, low tax rates, and high median household income growth. In addition, The Motley Fool ranked Florida as the best state to retire to, supported by Mark Wilson, President and CEO of the Florida Chamber of Commerce. Wilson stated: “Florida’s ranking as the best state to retire in is reflected in an exceptional blend of factors. With its favorable low-tax environment, world-class healthcare institutions, robust transportation infrastructure, America’s number one rated higher education system, convenient airports and cruise ports, and access to stunning beaches, Florida offers retirees the perfect setting to enjoy their golden years.”

Charlotte EBCS: First Quarter 2025 Report

February 03, 2025 / RERI Research Team

Real GDP increased by 2.8 percent in 2024, driven by consumer spending in both goods and services and increases in investment, government spending, and net exports, continuing the growth trend in the last three years and aligned with the long-term growth rate experienced in the US. The nation’s unemployment rate declined from 4.2 percent in October to 4.1 percent in December 2024, staying within the range often considered “full employment” by economists. Consumer Sentiment also continued to rally, rising 3.9 points from September 2024 to 74.0 in December 2024. The National Federation of Independent Business (NFIB) reported steady growth in small business sentiment, with its index reaching 105.1 in December, the highest number in the last 6 years.

Collier EBCS: First Quarter 2025 Report

February 03, 2025 / RERI Research Team

Real GDP increased by 2.8 percent in 2024, driven by consumer spending in both goods and services and increases in investment, government spending, and net exports, continuing the growth trend in the last three years and aligned with the long-term growth rate experienced in the US. The nation’s unemployment rate declined from 4.2 percent in October to 4.1 percent in December 2024, staying within the range often considered “full employment” by economists. Consumer Sentiment also continued to rally, rising 3.9 points from September 2024 to 74.0 in December 2024. The National Federation of Independent Business (NFIB) reported steady growth in small business sentiment, with its index reaching 105.1 in December, the highest number in the last 6 years.