Of the total population of 19.6 million in Florida, approximately 15 million people live in coastal portions of the state.
Coastal Florida employs 5.9 million people annually, earning a total of $275.3 billion. This equates to almost $688 billion in gross domestic product.
Three billion-dollar weather disasters affected Florida in 2018—and a total of 13 affected the state between 2010 and 2018. In October 2018, Hurricane Michael made landfall in Mexico Beach, Florida, as a category 5 hurricane, with 160 mile-per-hour winds and storm surge in excess of 15 feet. Michael was the third category 4 or higher storm to make landfall in the U.S. that year, the first category 5 to strike the U.S. mainland since Hurricane Andrew in 1992, and is only the fourth category 5 on record. Total costs were $25.2 billion.*
Florida’s coral reefs provide millions of dollars in protection to buildings and the local economy every year—almost $600 million to the peninsula and over $75 million to the Florida Keys every year.**