New Jersey lost about $3.4 billion in revenue from people moving out of state in 2016, according to a new study from Bloomberg. That's the third largest financial drain suffered by any state, exceeded only by New York and Connecticut.
Florida posted a net income influx of nearly 3 percent of the state’s adjusted gross income in 2016, the most recent year for which figures were available. That's no surprise, but the states that followed may be: South Carolina, Idaho and Oregon were also among the largest gainers.
Florida reeled in $17.2 billion more than it lost. The Sunshine State was the No. 1 recipient of the wealth exodus from 18 individual states — with New York, Illinois and New Jersey combining to contribute about $8 billion to Florida’s income base.
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