New Jersey perennially has been one of the losers in the flow of people from one state to another.
As Susanne Cervenka recently wrote for the Asbury Park Press, “The numbers are so concerning to New Jersey business leaders that they have championed a campaign to make the state more affordable for its residents and more attractive to out-of-state residents on the move.”
The Garden State saw a net decrease — the difference between the number of people that moved into and out of the state — of roughly 33,700 people, costing New Jersey $2.6 billion in taxable income between 2014 and 2015, according to a USA Today Network analysis of IRS migration data.
“We are at the bottom of every tax ranking. We have an affordability issue. We know why people are leaving,” Michele Siekerka, president and CEO of New Jersey Business and Industry Association.