Most of it won't surprise you: the northeast and the rust belt states, along with California, are losing residents at incredibly high rates. Most of the south and southwest is gaining. Texas, Florida, Arizona, and Colorado lead the way in total wealth gained due to migration. Some are surprising, though: Washington State,...
I have a different perspective on California. I moved from Dallas, TX to retire in California near family. The reason was simple: I was paying $21,000 per year in property tax on my Dallas home. There were no state taxes, but after retiring the property tax was killing me. I bought a foreclosure in California (the same size as my Dallas home) remodeled it and now pay $3200 per year in taxes. My rate is locked due to my age and state law. Another good thing is that California has balanced the state budget for the first time in a long time. Unfortunately increased taxes on the 1% was part of the reason. I am conservative but am also realistic about my finances. Property tax in Texas is one of the highest in the country. Just saying.
In the United States today, interstate migration is becoming a more and more prominent topic. A new book called How Money Walks has used IRS data to put hard numbers to which states are losing and which states are gaining wealth due to interstate migration.
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