Wealthy New Yorkers have been fleeing to Florida — but many are opting to rent instead of putting down roots
Coronavirus
South Florida didn’t just win the COVID-19 pandemic-era migration boom ; it hit the jackpot. As money drained out of old strongholds like New York , the Sunshine State netted $20.65 billion in annual adjusted gross income from tax filers who moved between 2019 and 2023. Greater Miami alone pulled in $10.5 billion, according to newly released IRS data . By 2023, the average out-of-state mover arriving in the Magic City was making $178,382. That’s the kind of income you might expect to
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