Not Just the Snowbirds are Headed South. Noteworthy Report of Northeast Migration South!
Updated: Jun 4, 2019
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An analysis of interstate moving trends, was released by Bloomberg News in a recent article where data was obtained from the Internal Revenue Service and the U.S. Census bureau.
The findings exhibited New York and Connecticut losing billions in revenue due to people moving trends to the southeast and other popular southern states. Indicating New York’s net $8.4 billion annual net loss was the highest State, Connecticut lost approximately 1.6% of its annual adjusted gross income.
Existing personal incomes are not being replaced equivalently. New York exiting incomes of $19.1 billion were replaced by $10.7 billion. And in CT the average annual income of $122,000, is 26% higher than those people moving in.
See the top state gainers in this Bloomberg Report. Highlighting the South East winners North Carolina, South Carolina, Tennessee and Florida. https://www.bloomberg.com/news/articles/2019-05-24/migration-s-biggest-loser-is-connecticut-as-florida-profits
