Tag

State Migration

All articles tagged with #state migration

us-news1 year ago•2 min saved

Americans Relocate South and Midwest for Family and Affordability in 2024

In 2023, the top five states Americans moved away from were California, Florida, New York, Texas, and Illinois, according to U.S. Census Bureau data. California saw the highest outflow with 690,502 residents leaving, primarily moving to Texas, Arizona, and Nevada. Despite high out-migration, states like Florida, Texas, and California also attracted many new residents, indicating high migration turnover influenced by factors such as job opportunities, housing costs, and lifestyle preferences. New York's out-migration is driven by high living costs and the shift to remote work.

via Visual Capitalist|

#domestic-relocation #migration #population-trends

finance1 year ago•3 min saved

"Comparing Lifetime Tax Burdens Across US States"

A new study reveals that the average American pays $524,625 in lifetime taxes, with New Jersey residents facing the highest lifetime tax burden of $987,117, followed by Washington, D.C., Connecticut, and Massachusetts. The lowest-tax state is West Virginia at $358,407. The COVID-19 pandemic has led to a significant migration from high-tax to low-tax states, with Americans considering factors such as income tax, property tax, and cost of living. While low-tax states may lack certain perks, high-tax states often offer better-paying jobs and investment in areas like education and healthcare.

via USA TODAY|

#finance #high-tax-states #lifetime-taxes