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Top 5 States People Are Fleeing

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Top 5 States People Are Fleeing

Post  Admin on Sat Dec 11, 2010 1:19 pm


New York, Illinois and Louisiana are expected to lose more residents than they gain this year.

"We're seeing one of the lowest mobility rates in a century," says Nathaniel Karp, chief economist for banking firm BBVA Compass. Karp says the recession has forced many people to stay put because they are unable to sell their homes, cannot find jobs or are unwilling to relocate for work if it means sacrificing a partner's stable position.

The slowdown makes the question of who's moving and why even more significant than in years past. Using 2010 projections by Moody's Economy.com, Forbes ranked the states in which people are leaving faster than they are arriving. Economists report several overlapping trends that may be forcing people out of certain states as much as they are pulling them toward others.








Top 5 States People Are Fleeing



No. 1: New York

Projected Loss: 49,000 people


Population: 19.7 million


Percentage Change: -0.25%


The Big Apple may lose more people than it gains in 2010 because of the depressed job market, high cost of living and an ongoing trend of retirees and job-seekers heading to the South and Southwest.



No. 2: Illinois

Projected Loss: 27,000 people

Population: 13 million

Percentage Change: -0.21%

Economist Nathaniel Karp says Illinois' tax structure and loss of manufacturing jobs may be pushing people out of the state this year


No. 3: Ohio

Projected Loss: 8,900 people

Population: 11.6 million

Percentage Change: -0.08%

Over the last five years Ohio has lost an average of about 30,000 people per year. This year its losses are projected to slow, but remain significant enough to put the state at No. 3.

No. 4: Nebraska


Projected Loss: 5,900 people

Population: 1.8 million

Percentage Change: -0.33%

Nebraska has seen steady losses since 2001. The projected number of people leaving the state this year is particularly high when considering its small population.




Projected Loss: 4,200 people

Population: 2.9 million

Percentage Change: -0.14%

The Census Bureau reports modest gains for Kansas since 2007. The losses expected this year are similar to those seen in the earlier part of the decade, when the state lost an average of 4,500 per year.

http://realestate.yahoo.com/promo/top-10-states-people-are-fleeing.html

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