NJ’s chief export is people, new study finds
Reposted from MJBIZ.com
Americans are moving out of New Jersey more than any other state in 2018, according to a study released by United Van Lines.
The 42nd National Movers Study, which tracks state-to-state migration, counted 1,965 people moving out of the state in 2018 compared to 1,499 who moved into the state that same year – the highest of all 50 states.
The study suggests migration out of the state reflects a larger, regional trend of Americans leaving the northeast in favor of the western and southern stretches of the country. Indeed, New York and Connecticut saw high rates of out-migration in 2018, according to the study.
“The data collected by United Van Lines aligns with longer-term migration patterns to southern and western states, trends driven by factors like job growth, lower costs of living, state budgetary challenges and more temperate climates,” Michael Stoll, economist and professor in the Department of Public Policy at the University of California, Los Angeles, said in a statement.
“Many retirees are opting to live in the Pacific West and Mountain West, while millennials are opting for metropolitan regions such as Seattle and Washington D.C.”, Stoll added.
The newly released findings caught the attention of Senate President Stephen Sweeney, D-3rd District, who said the results point to a need for the state to adopt several policy recommendations laid out in the Economic and Fiscal Policy Working Group’s report on how to lower taxes, cut red tape and reduce the state’s pension and health care costs.
“We can’t do much about the weather, but we have the ability to make the reforms needed to address deeply rooted state fiscal problems, to help make New Jersey more affordable, and to make the investments needed to foster job retention and long-term economic expansion,” Sweeney said in a statement Thursday.
“We need to make New Jersey a place where current residents choose to stay, where young people can have a future, and where businesses and people from other states want to move to,” he added.