Michigan Has More Inbound than Outbound Moves
Congrats Michigan, we are no longer in the top 10 of outbound move states according to data from United Van Lines 2017 study.
In fact the state of Michigan came in at #29 with an inbound move rate of 48% and an outbound move rate of 52%
According to the data the top outbound states of 2017 were:
- Illinois 63%
- New Jersey
- New York
- Wisconsin 55%
The top inbound states of 2017 were:
- Vermont 68%
- South Dakota
- South Carolina
- North Carolina
- Alabama 55%
According to the Tax Foundation, there is a relationship between taxes and migration, in the article about the relationship they were quoted stating:
Individuals move for a variety of factors…Climate, job opportunities, family, among others, impact the decision to relocate. Taxes can influence the decision too. Tax rates and structure affect a state’s economy; states with less burdensome tax structures and lower rates tend to have better economic growth…Increased job opportunities can result from the better economic growth.
Specifically when it comes to taxation the Tax Foundation stated:
Someone moving to Chicago for a new job could decide to live in Illinois or commute from Indiana…Indiana's 3.3 percent individual income tax rate could be an encouragement to locate in that state over Illinois' 3.75 percent rate. An individual moving to the Washington, D.C., area could decide to live in Virginia instead of the District because income taxes are lower.
With a more friendly business attitude by the Republican Governor and Legislature more people want to stay in Michigan and that is only good news for our states.
Last week I asked the question why do you live in Michigan, the answer is becoming more apparent. Not only do we want to live in Michigan because of the beauty of the state but the job opportunities the state offers.