Florida's tax and business rules keep pulling in money and people, which is good for business owners and retirees moving in and bad for California.

• No state income tax, light business rules, and proposed bigger homestead exemptions in 2027 and 2028 make Florida cheap to live and work in.
• Florida grew fast in 2025, with 3.1% real GDP growth and nearly 590,000 new businesses started.
• California is bleeding wealth, losing a trillion dollars in net worth as residents leave, and a proposed 5% wealth tax is pushing more rich people out.
• The state's population is up 9% since 2020 and tourism hit a record, but that success has made housing expensive.
• Home prices have stopped climbing, with the average single-family home slipping slightly last year.

Outlook: Expect the money and people to keep flowing from high-tax states to Florida and Texas, with Florida housing costs staying high even as prices flatten.