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Clever Real Estate teamed up with moving company Allied Van
Lines and found that Illinois has had more outbound moves than
any other state in the past six months.
The study contradicts claims by Gov. J.B. Pritzker that Illinois
is gaining population.
“It makes sense when we analyze the data. Illinois in the past
few years passed a really big tax increase so people said they
are moving because of that and there is a slightly higher than
average violent crime rate,” said Jaime Seale, author of the
study.
The
study showed that respondents said a desirable place to live
would have a low crime rate (46%), affordable homes (43%) and a
low cost of living (41%).
Predictably, baby boomers care more about tax rates when picking
a place to live. The Clever Real Estate study found that 42% say
low taxes are one of the most important things in a city or
state, compared to just 23% of millennials.
From Jan. 1 to June 30, 2023, Chicago had more outbound moves
than any other city, while Phoenix had the most inbound moves,
according to Allied Van Lines.
Data from the Internal Revenue Service shows an increased number
of wealthy people leaving Illinois in 2021.
Jonathan Williams, chief economist with the American Legislative
Exchange Council, says the amount of money that left Illinois is
staggering.
“Nearly $11 billion in annual wealth in Illinois was lost, more
than the 49 other states on net,” Williams said. “That is just a
crushing blow to the future prospects of Illinois turning it
around economically.”
The study showed that the most desirable states to live in are
Florida and New York, while the least desirable are Alaska and
Alabama, with California appearing at the top of both lists.
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