Baby Boomer Retirement Migration Shifts: Preference for Carolinas Over Florida
UHAL U-Haul Holding Company
$60.67 -0.70%
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- 1U-Haul reported that baby boomers are moving to the Carolinas instead of Florida.
- 2North Carolina maintains a low income tax rate of 3.99% this year.
- 3The median home price in Florida is $359,000, which is higher than in the Carolinas.
So what's the key point?
More retirees are moving to the Carolinas rather than Florida. They are choosing to move because taxes are lower and home prices are cheaper than $359,000.
Source Fortune · View original ↗
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