Are you considering selling a home in Marco, Island Florida? Worried about the news of a slower market? Luckily, our area of the country is doing better than most. Is it a coincidence that our state also happens to have been awarded the title of “The Freest State In The Nation” by a Cato Institute study? It seems like these two factors are feeding off of eachother. Actually, hundreds of people each day are migrating to Florida. The Cato Institute research indicates that the freedom factor is a large reason why people are choosing to buy a home in Florida.
The Cato Institute study ranked each U.S. state by “how its public policies promote freedom in the fiscal, regulatory, and personal freedom spheres.” We earned the number one overall title. And when broken down into categories, we won number one spots in four of them, plus seven Top-10 rankings in other categories.
We have less-restrictive policies. Other states more restrictive policies are said by the researchers to have harmed their economic growth. Our state offers more opportunity than others, and that’s encouraged the migration of people to Florida. Plus, more than $156 billion in annual income has also moved to Florida for our states tax benefits. This income has moved here from high tax states like New York. Florida’s state taxes are greater than a standard deviation and a half below the national average.
The authors wrote:
“Florida is one of the top states for educational freedom, although homeschool regulations remain substantial.”
“Florida does especially well on economic freedom, especially on fiscal policy,” the authors also wrote. “Regulatory policy is improved but mediocre in comparison to the fiscal side. Florida’s personal freedom has lagged in the past; however, it has improved a lot over the past two years.”
The study looked at taxes, government employment, spending, fiscal decentralization, and other factors.
Are You Buying a Home on Marco Island?
Considering buying a home on Marco Island? We’d love to help you find one that’s just right for your needs.
First, check out available Marco Island area properties using this helpful search tool. If it’s easier, you can just call us at 239-821-7926 or get in touch with us online to let us know what you’re looking for. We’re happy to contact you however you prefer. Then, we’ll start searching our databases right away using criteria you specify!
In the meantime, you can also easily explore Marco Island real estate by price:
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