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Why should I buy investment property in Florida?
Florida is home to 11 of the country's 100 fastest-growing counties with at least 10,000 residents. Flagler County's 6.9 percent rate of growth ranked 5th in the country. St. Lucie County, with a 3.5 percent population increase, ranked 99th with more than 7,000 new residents between July 2001-July 2002 and a total population of 205,000 people according to The Palm Beach Post. That is an average of about 19 people a day who moved just to St. Lucie, not counting the 79 people a day who moved to Palm Beach County.Florida Population Growth, Projections, and Diversity
Florida has the fourth largest population in the United States, estimated at 17 million residents in 2003.
Population of Florida & the U.S., 1998-2003
Year
Florida
Growth from Previous Year
United States
Growth from Previous Year
Florida's Population as a % of U.S.
2003
17,019,068
2.0%
290,809,777
1.0%
5.9%
2002
16,691,701
2.1%
287,973,924
1.0%
5.8%
2001
16,355,193
1.9%
285,093,813
1.0%
5.7%
2000
16,047,807
5.8%
282,177,754
3.5%
5.7%
1999
15,111,244
1.4%
272,690,813
0.9%
5.5%
1998
14,908,230
1.5%
270,248,003
0.9%
5.5%
With an average 5-year population growth rate of 2.6%, Florida population is projected to outpace the nation for the next two decades. By 2025, projected population in Florida is expected to increase 24% from current levels.
Population Projections for Florida & the U.S., 2010-2025
Year
Florida
Growth from Previous 5-Year Period
United States
Growth from Previous 5-Year Period
2025
20,710,000
5.5%
335,050,000
3.8%
2020
19,634,000
6.1%
322,742,000
4.1%
2015
18,497,000
6.5%
310,134,000
4.2%
2010
17,363,000
N/A
297,716,000
N/A
Florida has one of the most diverse populations in the United States. A rich mix of different cultural, racial, and linguistic backgrounds among Florida's population is a tremendous competitive asset in the global economy of the 21st century, uniquely positioning Florida as the multilingual, multicultural business hub of the Western Hemisphere.
Florida's Population Diversity, 2002
Race
Florida
United States
Population
% of Total
Population
% of Total
Total Population
16,713,149
100.0%
288,368,698
100.0%
White
13,502,040
80.8%
232,646,619
80.7%
African American
2,633,683
15.8%
36,746,012
12.7%
American Indian
66,138
0.4%
2,752,158
1.0%
Asian
315,569
1.9%
11,559,027
4.0%
Pacific Islander
12,422
0.1%
484,314
0.2%
Two or more races
183,297
1.1%
4,180,568
1.4%
Hispanic Origin
3,019,305
18.1%
38,761,370
13.4%
