Resident Migration

| January 29, 2018
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The amount of income leaving CT and NY is roughly double the amount of people leaving the state, according to AEI.

For example, while net migration in 2016 was negative to the tune of -0.80% in CT, the % of AGI (adjusted gross income) leaving the state was -1.8%.

In short, the tax base is leaving the state at an accelerating rate.

Here is a comparison of states seeing an exodus vs. states seeing inflows of residents:

  • CT = -1.8%
  • NY = -1.2%
  • NJ = -1.1%


  • FL = +3.3%
  • OR = +1.5%
  • TX = +0.3%

No surprise, high tax states are seeing an exodus and low income tax states are welcoming northeasterners with open arms.


Stay Tuned, Disciplined & Patient! {TJM}

ICE – Investor & Character Equation | S + R = O


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