Thank you Peter Santanello for shooting an episode with me:Inside Wealthy Miami – Why Are So Many Americans Moving Here? Thank you Wall Street Journal for using my data and quoting me in this excellent article: Million-Dollar Homes Skyrocket in Miami, as Starter Properties Go Extinct.
NEW CENSUS DATA: blue states continue to lose population!
I made the table after downloading and processing newly released 2023 interstate census data.
Source: https://www.census.gov/newsroom/press-releases/2024/state-to-state-migration-flows.html
The pattern is very clear.
High tax, blue states are losing population due to interstate migration.
And as I keep saying, I do not see this reversing.
I do not see a sudden net flow into high tax states.
The political leanings of the state seem to be correlated to the tax levels.
Download my full Q3 2024 Miami Real Estate Report
The Key Points
-> Migration is flowing towards new 21st century epicenters, of which Miami is one
-> Entrepreneurship and creation flow towards the paths of least resistance
-> I do not see a reversal or large net migration back to high tax states.
The pattern is very clear.
As the country reshapes around 21st century realities and shift in economic focus continues, high tax states are clearly losing population.
The two winners, TX and FL, have 0% state tax.
The two losers, CA and NY, are at over 10%.
I added a column for Governor, Republican or Democrat.
And a pattern emerged: 8/10 winning states had Republican governors.
9/10 losing states had Democratic governors.
I am simply observing. It is what it is.
America is reshaping.
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