What Is Boca Raton Famous For?
As it is positioned on the coast of the Atlantic Ocean and has extensive waterfront access, the city of Boca Raton, Florida is well known as a fantastic destination for those that want to enjoy its amazing beaches. Beside the beaches, Boca Raton also enjoys the warm year-round climate of coastal Florida cities. With its location and amazing weather come also plenty of investors that steadily influenced the city’s economy and made it even more attractive to those who want to work in industries that flourish and in an environment that prospers.
A well-deserved nickname
The city is also called “the Playground for the Wealthy”. Because of its robust economy, the city of Boca Raton, FL draws in successful and affluent individuals. The more wealthy residents are attracted, the more growth is experienced by the economy of the city and this only leads to higher standards of living. Another factor that influences the high standard of living in Boca Raton, Florida is the high number of affluent retirees that move here from the northern parts of the country. After a life in which they managed to save money, many well-off retirees decide to come here to enjoy the best life that they can and the much warmer weather. It is easy to see why those rich and powerful want to live here.
This, however, does not mean that a median income in Boca Raton will not allow you to live a good life there. Quite the contrary. It only means that the majority of its residents are affluent, high-income earners. It is also easier for those that have six-figure salaries to afford the Boca Raton way of life. Purchasing a perfect home in Boca Raton, however, is accessible for most residents as home prices range from $60,000 all the way over $1,200,000. There are plenty of options available especially if you contact real estate agents in Boca Raton FL.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
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Reduction in taxes payable to the IRS or local government. A tax credit is more beneficial to the taxpayer than an itemized deduction because it reduces taxes on a dollar-for-dollar basis. ...
Sudden, drastic change in organization, direction, objectives, strategies, or functioning. It is often associated with a new owner who wants things his way. Managers and employees may ...
Charges resulting in involuntary encumbrances against real property derived from legislated law rather than from debts owed to organizations o r individuals. For example, of a homeowner ...
The initial cost of a home plus any expense for final settlement that are not tax deductible plus capital improvements. ...
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Helps in supporting a building. ...
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