According to a recent report by the U.S. Census Bureau, the Orlando metropolitan statistical area had the fourth-largest population gain in the country.
Underscoring a larger trend of population growth across the south, Orlando has also been recognized as a “Hot Spot for Job Growth” by The Wall Street Journal, which noted that the Orlando area added 139,000 jobs in the past five years, growing by more than 11%. By contrast, jobs in the New York metro area grew by 1.7% during that time. The article also emphasized that the Orlando region’s high concentration of schools and lower taxes and cost of living were draws for many “fair-weather employees.”
According to a market intelligence report compiled by the Orlando Economic Partnership (OEP), 42,400 jobs were added in 2023, confirming Orlando as one of the U.S.’s leading regional job engines. The OEP also reported year-over-year employment growth of 2.9 percent in 2023, returning to pre-pandemic levels for all local sectors. And, the OEP pointed out the following sectors offer wages above the national average: professional & business services, education & health, financial activities, transportation, warehousing & utilities, and wholesale trade.
Given these impressive statistics, it’s no wonder that Orlando continues to rank as one of the fastest-growing economies in the U.S., and with that growth comes the demand for new residential communities, as well as hotels, retail, and transit connectivity. Thanks to the completion of the final link in the 100-mile Central Florida beltway, which is adjacent to Wyld Oaks, the development is uniquely positioned to capitalize on this “surge in the South.” Co-creators at Wyld Oaks will satisfy a significant retail gap that is increasing as more residents relocate to northwest Orlando.
Read more:
“Orlando Ranks As Florida’s Fastest Growing Economy” by Orlando Economic Partnership (OEP)
“Orlando’s Job Growth in 2023 Revised Up, 100+ Jobs Added Per Day” by Orlando Economic Partnership (OEP)
“The New Job Hot-Spots: Phoenix, Orlando and Albuquerque” by The Wall Street Journal (Note: This is a paywall-protected article for subscribers.)
“Four of Nation’s Fastest Growing Metro Areas Are In Florida” by the U.S. Census Bureau
