When Americans pack up and go out of state, there’s a good chance that they’re heading for lower cost of living and lower taxes.
According to new data by United Van Lines, states would do well to see what draws in the crowds (and drives them away).
Zero Hedge explains:
Simply put, Americans are moving from heavily-regulated, bureaucratic, high cost-of-living states to more affordable states.
United Vans’ United National Movers Study tracks state-to-state American migration. The results of the study show which states Americans are leaving behind and where they go from there.
United Vans concludes:
The top inbound states of 2015 were:
- South Carolina
- North Carolina
- District of Columbia
The top outbound states for 2015 were:
- New Jersey
- New York
- West Virginia
Some of this comes as no surprise, but a closer look may raise a few questions. Why would people leave the populated so-called boom cities of the North-East Coast in favor of the Appalachian Carolinas?
The Daily Signal reports:
Where urban and suburban land use regulation is modest, builders can meet demand with new supply. In places like San Francisco and Boston that lack that flexibility, people leave despite those cities’ high wages and dynamic economies.
It takes more than scenery and weather to make people leave their homes and go someplace new. Movers consider multiple levels of pros and cons in their decision making.
So what can states experiencing an exodus do to slow down the rate at which their residents bid good riddance to their former homes?
The Daily Signal suggests:
Policymakers can lower the cost of living by removing unnecessary regulations and licensure requirements, streamlining bureaucracy, and ending protections that have been granted to favored industries.
Where does your state stand? Are you satisfied with where you live?
Be sure to let us know by sounding off in the comments below.