Thursday, January 15, 2015

Lots of people kissing NY & NJ goodbye

From Forbes:

More people are moving out of New Jersey than are moving in. The same is true for New York and Illinois. Those three states top the “outbound” list compiled by United Van Lines, the big St. Louis-based moving company that has put together an annual survey of where Americans are moving for the last 38 years. The company analyzed a total of 128,000 moves across the 48 continental states and the District of Columbia in 2014 and came up with a picture of migration patterns across the US.

According to Michael Stoll, a professor of public policy at University of California, Los Angeles, and a consultant to United Van Lines who studies American migration, the moves reflect the increasing numbers of retiring baby boomers who are leaving colder, more expensive states in the Northeast and Midwest in favor of lower-cost locations with retirement infrastructures like Florida and Arizona. Long-term shifts in the US economy and the hit to employment in many states resulting from the slow recovery are also prompting many Americans to relocate.

New Jersey has been stuck at the top of the outbound list for four of the past five years. In 2014 nearly 65% more people moved out than moved in. According to Stoll, the Great Recession hit the state especially hard, accelerating a longtime shift in manufacturing to the southern states, away from the Northeast. Damage done by Hurricane Sandy in 2012 and the slow pace of rebuilding since has also driven people away. Plus New Jersey has a population that is older than other states’ and the cold climate is driving retirement-age people south. Further, housing costs tend to be high there, especially in northern New Jersey which is subject to demand from people who work in Manhattan.

New York comes in at second place for some of the same reasons. High housing prices, more retirees and a desire for a warmer climate are driving lots of people out of the state. Like New Jersey, Illinois, at No. 3 on the list, got hit disproportionately hard by the Great Recession, notes Stoll, especially in the manufacturing sector, and the state has had a slow recovery. Though job losses have slowed, the rate of job growth in Illinois is still below the national average and its older population has been relocating.

13 comments:

Anonymous said...

People are leaving states that now buy low information voters with housing and EBT cards to stay in power

Anonymous said...

The baby boomers are making a killing with the houses they bought in nyc for only 100k 30 years ago by selling their homes to the Asians and running with their money down south. They got lucky.....baby boomers were born at the right time. It's the generations after them that are getting screwed out of housing in nyc, especially those of us who were born and raised in nyc and would like to stay.

r185 said...

Seems like there are more statistically accurate ways of determining relocations. This may provide a general sense of patterns, but United would have to be available and utilized equally in every state to depend upon a single mover's stats.

Anonymous said...

The people moving in are not using moving companies!

The "Vibrant and Diverse" can have NYC - it's so over!

Anonymous said...

Oh no! Who's gonna pay ma' Medicaid? Who's gonna gimme ma' HRA check? I need, I need, I need! You can't leave!

Anonymous said...

People who have jobs skills in demand are free to move and do - the "makers". When enough of them move, employers move too, and that's the death spiral.

The dependency class (the local government employees and the public assistance clients) or "takers" don't have any incentive to move so the economic effect is very strong.

Re: Anon 2. After selling their house. It's their money. Let them increase real estate values in Charlotte or Atlanta. I'm totally for that.

Anonymous said...

Did Long Island just up and leave?

Snake Plissskin said...

So the old farts move to Arizona and die of boredom. I mean do you want to hang with a bunch of former pencil pushers doing Kinkaid art classes and decorating golf carts on July 4? If so, that's your privilege.

But when they get super old and all the spouses die guess where they head back to (that happens to have the best health care?) The services suck in most low tax areas.

The other point is that was long as Maxine and Maxwell, our bright millennials head here from everywhere, NYC can come out ahead.

Geasers gone, everyone else, immigrant and emigrant, working for nothing, living out their creative dream.

Anonymous said...

Joisey...or Jersey...has always been a backwater for New Yorkers who coul not afford New York. Now they cannot afford Joisey either?
Podunk here we come. Anyway New York without Broadway is just Newark. When you leave New York you ain't Gowin' nowhere.

Anonymous said...

taxed and priced right out of the city. its no surprise.

Uber Wealthy or Uber poor. no room in the middle.

Anonymous said...

People are leaving because their quality of life is decreasing, while their taxes are increasing. We are over-taxed and underserved. The illegals and welfare recipients get everything for free, while the taxpayers foot the bill. Soon, they'll be the only ones left. Who will pay the bills then?

Gary W said...

NY's a prison sentance. Can't wait till I'm outta here.

Nice to see some posters still have the NY is the best place in the world attitude. Keep that in mind when the thirld worlder's move in next door.

Anonymous said...

This is pretty interesting, since Crain's reports that we have to keep expanding LaGuardia and Kennedy Airports to accommodate the ever increasing tourists and business people traveling to New York. I wonder if the Global Gateway Alliance is aware of this exodus from NY and NJ, or are they accelerating the process by punishing residents with NextGen technology?