Florida is one of the most popular moving destinations in the United States. People from all over the country move here every year for various reasons. One of the reasons why people move here is business opportunities. There’s plenty of them and most of the time they are very successful because of the large number of people living in this state. But what we’re here to tell you is which places exactly are the best for starting a new business in Florida because some places are less saturated with certain businesses than others.
Reasons why so many people move to Florida
When you think about Florida the first thing that comes to mind is the nice weather. Florida has amazing weather. It is mostly sunny and warm. There’s no snow and the winter is not cold at all. Florida is a coastal state which means it has plenty of beaches. When you add the nice weather and a large number of beautiful sandy beaches together, you get paradise.
Florida is also known for having amazing houses that don’t cost a lot of money. The median home price in Florida is around $245,000 and the median rent price in Florida is $1,795. This is considered to be pretty affordable for where you’ll be living. The income in Florida isn’t very high but you have to consider the fact that there is no state income tax in this state. For these reasons, plenty of elderly people move here for retirement too.
Florida is also a very fun state to live in. It’s home to one of just a few Disneylands in the Country. Florida is also known for being the best place for spending your spring and summer vacation. This is where you’ll find the best beach parties, clubs, bars, etc. Plenty of young people move here to spend their best years in this lovely, sunny state. Florida is a state where you should professionally organize your moving in party and it sure is going to be unforgettable.
Business growth in Florida
Now that you know a little bit more about life in Florida, it’s time for us to tell you a bit more about business growth in Florida. Because Florida has so many residents, the business market is thriving. Key industries include aviation and aerospace, life sciences, manufacturing, defense, information technology, financial services, logistics, trade, and clean technology. As you can see, Florida’s economy is very diverse.
There are nearly 2.2 million small businesses in Florida. This might make plenty of people believe that the business market in Florida is saturated but in reality, it isn’t at all. Florida has more than 21M residents and over 100M tourists every year. Now that you know these numbers, you’re starting to realize that starting a new business in Florida is a great idea. And the first thing you need to do is move to Florida.
Where to start a business in Florida?
Homestead
Homestead is a suburb with around 67,000 residents. This means that this suburb isn’t particularly big or small. It’s somewhere in the middle. Homestead is in Miami-Dade County which means it’s part of Miami. Plenty of people have been moving to this suburb over the last few years because the median home price isn’t high at all yet you get to live very close to the center of Miami. The median home value is $166,000 which is less than the national average. But most of the people in Homestead are renting their homes because mostly young people live here. Young people move to Homestead in order to start their families yet still be able to work in one of the biggest cities in the country – Miami.
If you already own a business and you’re thinking about moving here Homestead professionals can transport your office goods easily. And if you’re thinking about starting a new business here, we guarantee it’ll be successful because the average income for business owners in Homestead is $346,000. Business ideas:
- Vegan food truck
- Gym
- Daycare
- Bar.
Coral Gables
Another place located just outside of Miami that is suitable for starting a new business in Coral Gables. Coral Gables is a college town because the University of Miami is located here. And starting a business in any college town in the United States is a good idea. Coral Gables already has many upscale restaurants and small shops. This means that fast food or a bar would be perfect business opportunities. Anything that could be a student’s job is a good business idea here. This is where most people who want to live in Florida on a budget move to because it’s a very affordable place to live in.
Naples
Naples is a coastal city which means that tourism is a big deal here. And starting a new business in Florida where tourism is a big part of the economy is never a bad idea. Anything related to golfing or water sports is a great business investment when we’re talking about Naples. Restaurants and bars are also good for those looking to start a business that is more traditional.
Stuart
Starting a business in a city with a port could only do good for your business. This is going to make import and export much easier for you. Plus having a port in your city is something that always attracts tourists. What’s amazing about Stuart is that it’s a historic town and many history lovers come here yearly. There are already over 50 locally-owned businesses in Stuart and yours can be one of them too.