Boomer Couple Moved Back to Virginia, Citing Rising Insurance, Home Costs

She said she has no intention of moving out of Virginia — and vowed never to live by the water again.

“There’s so much you don’t know about living in Florida and owning a home in Florida until you’re actually living it,” Nancy said. “I’m glad to be back in Virginia.”

The Census Bureau found that Florida’s population grew by 1.64% between July 2022 and July 2023 — or over 365,200 people. The Census Bureau’s 2022 American Community Survey found that between 2021 and 2022, nearly 23,800 people moved from Florida to Virginia, while almost 33,000 moved from Virginia to Florida.

The typical mover leaving Florida is a millennial who makes almost $48,000 a year, isn’t married, and moved to states including Georgia or Texas, a Business Insider analysis found. Some former Floridians previously told BI that Florida has lost its feeling of “paradise” amid skyrocketing home prices and recent natural disasters.

Moving to Florida — and leaving

For 37 years, Nancy lived in Northern Virginia, working as support staff at a high school in Fairfax County. Her husband was a teacher for decades, and both retired early.

To start their retirement, they settled on Florida, and they sold their home in Fairfax County for nearly $600,000.

Nancy moved with her husband to Cape Coral 11 years ago after four of her five kids moved there. Her kids loved the weather, the outdoor activities, and the cheaper housing prices.

They settled on Cape Coral for the beach access and warm weather, and for the first few years, they made the most of their time there.

At the time, Cape Coral had one of the highest rates of foreclosures in the US, meaning she and her husband got a good deal on their home. They built a five-bedroom, four-and-a-half-bath home with a three-car garage and saltwater swimming pool. They built the home for about $375,000.

“At first, we built a gorgeous home, never thinking we would leave,” Nancy said. “Our builder was my son’s best friend.”

Nancy said she didn’t anticipate the costs of home upkeep in Florida. The heat and humidity got worse and worse every year, she said, which took a toll on her house. She had to pay lawn service workers, landscapers, pool people, and pest control. She also had to install a home water system since she said the city’s water was not drinkable and ruined her appliances.

She said her electric bill was consistently over $200 monthly — and $300 in the summers. Her water bill was consistently over $100 a month. She said her car, homeowners, and flood insurance have also shot up recently and were much more than in Virginia.

Several home insurance providers have left Florida altogether or moved from the coast to former inland, despite efforts by state lawmakers to make the market more stable. Per the Insurance Information Institute, the average annual premium in Florida rose to over $4,200, triple the national average.

“Good god, the sun was so strong. We had to have the whole outside of our house repainted before we moved because it fades everything,” Nancy said, adding that the heat was often unbearable in the warmer months.

“It wasn’t really crowded when we moved, but now they’re building on every available inch, and the price of the homes is insane,” Nancy said. “We were very lucky since we sold our house six months before Hurricane Ian.”

She said the hurricane severely impacted many people she knew and they couldn’t rebuild their homes or reopen their businesses.

“I have a friend who also left and went back to New Hampshire, and she went down with her husband a couple of weeks ago and said you won’t recognize it, it’s so different since the hurricane,” Nancy said.

The politics in her area also made her feel out of place. She said she and her husband made many good friends they often visit, but she couldn’t handle the “in your face” politics daily.

After two years of planning when to leave, Nancy and her husband sold their home for $700,000.

“We couldn’t believe they were giving us that much money,” Nancy said. “We took it, and away we went.”

Moving back to Virginia

Nancy moved back to Virginia in January 2022, settling in the state’s southwest near Virginia Tech. While still living in Florida, Nancy and her husband bought a small townhouse for $127,000, which they owned for three years before selling it for $215,000.

The home was an 805-square-foot two-bedroom, one-bathroom townhouse with wood floors, gas heat, and a fireplace. She said it was much easier to maintain this home, and upkeep prices were small compared to Florida.

They recently bought their current Virginia home for $560,000, which has everything she wanted. Her home isn’t as big as the Florida home, but it didn’t break the bank for them and is in a quieter community.

One of her daughters wasn’t happy about their decision, but Nancy was sure the move was right. She added she never wants to live by the water again, as she’s paying a lot less in insurance and maintenance costs in Virginia.

“We’re in a rural area, very conservative, but it’s not in my face,” Nancy said. “I also have Virginia Tech on one side, and we’re 10 minutes from Radford University, so we have young people here too.”

Nancy said she has no intention of moving, as she enjoys the slower pace of life, the minimal traffic, and the small-town feel of her area. She and her husband go to lots of sporting events on campus.

“I didn’t realize how much more I paid for things until I left,” Nancy said. “We have gas heat, and the bill is next to nothing, even in the summer with my air conditioning. My house is a little over 3,000 square feet, so it’s not a little house.”

Nancy said living in her part of Virginia is much cheaper than in Cape Coral, particularly on utilities. She said her car insurance is half as expensive as in Florida, and she said her car registration fees in Virginia were way lower. She acknowledged that homeowners insurance may be similarly high between Cape Coral and Fairfax County, considered one of the wealthiest counties in the US.

“I miss my Florida house, and it would be great if it was up here, but we made the right decision,” Nancy said.

Have you recently moved to a new state? Reach out to this reporter at [email protected].