Top 10 Inbound vs. Top 10 Outbound states...

[Red_in_Blue_Land]

Another great piece by Mark Perry on a comparison of the top 10 inbound vs. outbound states, there is an awful lot in this piece to digest, but the common theme should become evident shortly.

Top 10 Inbound Vs. Top 10 Outbound US States in 2021: How Do They Compare on a Variety of Economic, Tax, Business Climate, and Political Measures?

New US state population and state migration flow data for 2021 were released last week by the Census Bureau — “State Population Totals and Components of Change: 2020-2021” — and this is an update of my annual state migration analysis that attempts to answer the question: What significant...

www.aei.org

Bottom Line: Based on detailed state-to-state migration data in 2021 from the Census Bureau, the migration patterns of US households (and businesses) followed predictable patterns, reflecting differences among states in state political control, economic growth and outlooks, tax burdens, business climate, energy and housing costs, labor market robustness, and fiscal stability. To answer the questions posed above, there are significant differences between the top ten inbound and top ten outbound states when they are compared on a variety of 14 measures of state political partisanship, economic performance and outlook, business climate, tax burdens for businesses and individuals, fiscal stability, electricity and housing costs, and labor market dynamism. There is empirical evidence that Americans and businesses “vote with their feet” when they relocate from one state to another, and the evidence suggests that Americans are moving from blue states that are more economically stagnant, fiscally unhealthy states with higher tax burdens and unfriendly business climates with higher energy and housing costs and fewer economic and job opportunities, to fiscally sound red states that are more economically vibrant, dynamic and business-friendly, with lower tax and regulatory burdens, lower energy, and housing costs and more economic and job opportunities.