Naples population continues to grow

Michelle Hudson Uncategorized

The Naples population continues to grow as sunny weather, sandy beaches and high quality of living attract new residents to our not-so-secret paradise.

By 2020, it’s estimated that the Collier County population will be 382,800, about 2% growth over this year. But by 2040, it’s estimated Naples will grow 40% to more than 535,000 residents. That’s more than 7,000 new residents a year, according to population estimates by the Collier County Comprehensive Planning Section. The public can review the projections through 2045 online.

Those of us living in Naples, FL, already know its appeal but now the area is starting to appeal to people across the nation. The secret is out that Naples has the best beaches and quality of life.

Naples is ranking among the top cities in the US to live for many reasons.

Earlier this year, Naples was named the Best Beach Town to Live In by Wallethub. The city ranked No. 1, beating out Hawaii and California beach cities. WalletHub compared 192 cities across six key dimensions: Affordability, Weather, Safety, Economy, Education & Health and Quality of Life. Naples also topped Wallethub’s list of Most Restaurants per capita.

Source: WalletHub

Why Naples population is growing

Naples was also ranked the No. 1 Boomtown earlier this year by GoBankingRates.com. Naples made the top five on the list for highest gross domestic product increase, by percentage — realizing a five-year change of $4,624. Plus, the city barely landed outside the top five for the percentage increase in income. Although the city was below average for the list regarding housing and population increases, it wasn’t by much — less than 1 percentage point each.

The city secured the No. 1 ranking based on:

  • Income increase: 22.8%
  • Population increase: 6.8%
  • Housing increase: 3.8%
  • GDP increase: 34%

According to a LendingTree State Migration report released last year, Florida was the top new destination for 15 of the 50 states. Of all purchase mortgage requests during the study’s period, 9.1% were for Florida. For out-of-state movers, 12.4% of requests were for Florida. The Sunshine State has a long history of bringing in visitors and new residents, particularly retirees.

Another key factor in Florida’s popularity is that it is ranked one of the Top 10 best states for taxes on retirees.

Although these rankings are nice, most Naples residents already know why the area is so popular. Just spend a little time on the white sandy beaches with the gentle breeze blowing by, enjoy an amazing dinner at an award-winning restaurant or soak in the sun while other parts of the country are shoveling snow.

If you would like to call Naples, FL, home, or if you’d like to move to a waterfront home to enjoy the area even more, Realtor Larry Roorda can help.