MONEY MOVING
04/09/2026 |
Between CY2022 and CY2023, not only did people migrate between states but so did their income. The state with the largest net gross income migration gain was Florida at $20.6 billion (over 1% of GDP), Texas $5.5B, SC $4.1B (over 1% of GDP), NC $3.9B, and TN/AZ at $2.8B. The biggest losers: California -$11.9B, NY -$10.7B, Illinois -$6B, Massachusetts -$4B, and NJ -$2.8B. Taxes matter.