Driven largely by an influx of residents from other states, according to recent estimates.
As of April 1, this year, Florida's population reached 23,002,597, according to data released by the state Demographic Estimating Conference earlier this month. This makes Florida the third most populous state in the U.S., following California with 39.5 million residents and Texas with 30.5 million.
In the past year, Florida saw an increase of nearly 359,000 residents. Throughout the 2020s, the state has been adding approximately 350,000 to 375,000 people annually. However, this rapid growth is expected to peak this year and then gradually decline in subsequent years. As the final wave of baby boomers retires, the growth rate is projected to decrease, dropping to under 1% by the early 2030s from an anticipated 1.6% this year.
Since just before the COVID-19 pandemic began in early 2020, Florida's population growth has been fueled entirely by migration from other parts of the U.S. and abroad. Deaths have exceeded births in the state since late 2019, a trend that is expected to persist for the foreseeable future.
Additionally, nearly 10% of Florida's residents are aged 75 and older, the highest proportion among U.S. states, with only Puerto Rico having a higher percentage in the U.S. territory.