Best and Worst States to Move To

What states are people moving to?  Economists would say that you can learn a lot from people “voting with their feet.”  They leave states for many reasons:  economic opportunity, lower taxes, weather, cost of living etc.

The 2009 Allied Van Lines 42nd Annual Magnet States Report  is an useful report in understanding where people are moving to.  There are some changes from last year that would suggest the economy has influenced people’s moving decisions.

Texas was the Best State to Move To in 2009.  It had the most net people moves in the US, over three times more than any other state.  It was also the most popular state to move to in 2008.  Arizona and North Carolina, which was ranked 2 in 2008, were also popular states to move to.  They were very close in net moves being separated by only 2 moves according to Allied Van Lines.

According to the annual magnet report, the Best States to Move To in 2009 were Texas, Arizona, North Carolina, Colorado and Florida.

The Worst States to Move To in 2009 were Michigan, Illinois,Pennsylvania, New Jersey and CaliforniaNew York is also an unpopular state to move to.  Both Illinois and New York have now lost population, according to the Allied study, for 33 straight years!!  California lost people in 2009.  Its 12.4% unemployment rate may have had something to do with this exodus.  See also Taxpayers Leave New York  and People Choose Best States to Live with their Feet

It should also be noted that this survey is not a definitive migration study.  Florida, for example according to the Florida Bureau of Economic and Business Research, lost population in 2009 for the first time in 63 years.  This is at odds with the Allied stats.  See

 

Political leaders in states where people are leaving should take note.  When people leave a state, something is not working for them in that state.

Trustworthy States: Best States to Lose Your Wallet

Gallup recently released a poll on Best States to Lose Your Wallet

With unemployment rising and economic stress increasing, the trust we have in our neighbors and community is of increasing concern. We want to live in a Safe States as they are Best States to Live.  The poll asked people if they believed a lost wallet with $200 in would be returned.  Nationwide 70% of people believe that their wallet would be returned with money still in the wallet.  Large States according to Gallup are generally viewed as less trustworthy.  People in the Southern half of the country do not trust their neighbors as much as people in the North. See Gallup’s map below.

The Best States for Neighbor Trust are:

Top 10 States, Trust in Neighbor

The Worst States for Neighbor Trust are:

Bottom 10 States, Trust in Neighbor

People in the South do not trust their neighbors as much as the North according to Gallup. Chart courtesy of Gallup.

U.S. Map: Trust in Neighbor, by State
When picking your place to live consider your neighbors. Safe States are Best States to Retire and are Top States to Live

Is Florida Best Place to Retire? Population Shrinking

The Florida Bureau of Economic and Business Research reported that Florida for the first time since 1946 population saw it population shrink.

We had reported in January that increasingly people were no longer choosing Florida as the Best State to Retire. The Internal Revenue Service reported that more than 50,000 fewer tax returns were filed in Florida since 2005.  See Florida Losing Population for more on the IRS filings and January report.

The director of the University of Florida’s Bureau of Economic and Business Research Stan Smith said the population dropped by 58,000 people between 2008 and 2009. This is the first decline since large numbers ofmilitary personnel left the state in 1946 after World War II.

Florida has become less attractive to many people on fixed incomes due to its expensive cost of housing particularly in South Florida and high real estate taxes and property insurance.

Tennessee, Georgia, North and South Carolina have become attractive choices as Best States to Retire.  Florida will not turn around quickly as many people on fixed incomes are still looking elsewhere.  Tennessee has the lowest cost of living in the nation.  See List of Cost of Living by State

If you are looking for a Best Place to Live or Retire, Florida has lost some mojo.