Population growth has been a hallmark of South Florida’s changing landscape over the past several decades and a primary economic driver. International immigration, domestic migration and seasonal tourism have significantly shaped the region, creating a rich cultural mix and different ethnic enclaves throughout the region. South Florida continues to become more diverse, with a growing Hispanic population from a variety of Latin American and Caribbean countries.

Nevertheless, the high cost of housing, homeowner’s insurance and property taxes, and a series of hurricanes in 2004 and 2005, may have put the brakes on South Florida’s growth engine, especially on domestic migration to the state. Public school enrollment has reflected slowing population growth and out-migration as the region is becoming prohibitively expensive for middle class families with children.

Recent trends point to the fact that the region faces new challenges as it matures. Population growth has been an important driver of the economy, creating jobs in construction and service sectors. While it is yet to be seen if the next cycle of population driven growth is around the corner or weather the slowed growth patterns will continue, a large senior population is the future of the region while the economy will be supported by a working age population that will increase only slightly. However, to increase quality of life in the region, it is important to diversify the economy and create and attract workers with a range of skills, who are adequately educated and physically and mentally healthy.