Illinois drives out residents of every age and income group – Wirepoints

By: Ted Dabrowski and John Klingner

Long-time readers of Wirepoints’ IRS out-migration work will know Illinois is a net loser of households in every single income and age bracket the IRS tracks. The latest 2022 tax year data is no exception, showing Illinois lost thousands of households in each of the 12 brackets.

Now a new cut of the data shows Illinois ranks near-last nationally in almost every one of the brackets, revealing just how repellent the state’s policies are for Illinoisans across the board.

Start with the big money earners. Illinois gained from other states 7,100 households earning $200,000 or more in tax year 2022, but it lost over 16,400 such households to other states. In other words, Illinois gained only 0.43 households for every one it lost – the worst in the country. 

Contrast that with the nation’s biggest winner, Florida. Nearly 47,000 households earning more than $200,000 moved into Florida from other states, but it lost only 17,100. The net result was a gain of 2.74 wealthy households for each one that left. 

Below we lay out the gains and losses for each state for the $200,000-plus income bracket.

It’s the same story for Illinois across all the income brackets – the state’s households-gained-to-households-lost ratio ranked between 46th and 50th nationally. 

In the $25K to $50K bracket, for example, Illinois gained just 0.8 households for every one it lost, the 4th-worst ratio behind only New York, California and Louisiana (see appendix below).

And for households in the $100K to $200K bracket, Illinois gained just 0.56 households for every one it lost – the absolute worst in the nation.

 Equally problematic is the bleed of Illinois households from every age group. Except for the under 26 and 26 to 35 brackets (both of which still lost households on net), Illinois’ households-gained-to-households-lost ratios were the nation’s 3rd-worst.

For households headed by individuals age 55 to 65, for example, Illinois gained just 0.47 households for every one it lost – again the 3rd-worst.


Illinois’ leaders continue to deny the state’s population woes – and that their failed policies are driving people of all types away. But the numbers show the losses are real, no matter how you cut them.

Appendix

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Patrick
1 year ago

Especially the young women. Fifteen or twenty years ago, Lincoln Park was nothing but young women. Now when I go to a bar in that area, there are none to be found.

Aaron
1 year ago

Illinois is nice. I miss it sometimes…NOT!

A neighbor
1 year ago

illinois is too expensive for anyone who was not born wealthy. very glad i do not live there and i envy those of you who can afford to call IL your home

Free at Last
1 year ago

And the Illinois slaves say, “good riddance. Who needs them? Please raise taxes even further, just not mine. Vote democrat.” If you ever voted for a democrat in Illinois, please stay there and enjoy what you created.

Leaving Soon, just not soon enough
1 year ago

Florida is growing with high income earners because of the great quality of life.
Many of the pensioners from all over the country are pouring into the state.
It is now the land of opportunity; the streets are paved in gold.
A young person can buy a house with what they save in state income tax.

S.G.
1 year ago

Men can marry other men in Florida. You can keep it.

Admin
1 year ago
Reply to  S.G.

SG, you have some catching up to do. Gay marriage has been a protected right for nine years since the Supreme Court so ruled.

S.G.
1 year ago
Reply to  Mark Glennon

You say this as though it’s a good thing, Mark.

Admin
1 year ago
Reply to  S.G.

Yes, I say it’s a good thing.

Leaving Soon, just not soon enough
1 year ago
Reply to  S.G.

The price of Freedom is not Free.
You are living in the past. If everyone is not free none of us are free.

Freddy
1 year ago

There is a big downside. Home/auto and deductibles on insurance rates are sky high if you can get a policy. The monthly insurance cost can be higher than the mortgage in some cases.
Here in Rockford property taxes for a long time were more than the mortgage with little appreciation on home values. Always a trade off.

Leaving Soon, just not soon enough
1 year ago
Reply to  Freddy

You are partially correct, but the house values increase every year. Property taxes are lower in Florida, no State Income tax and services are good (schools). In Illinois the schools are doing poorly so private schools are a choice for many (pricey).

Frank C
1 year ago

Property taxes in Illinois were $10,500 in 2021, this year in Georgia we paid $1,050. Illinois works for people working great jobs as the pay scale is somewhat elevated but others struggle to pay the freight. I would love to know how many state pension checks are being sent to FL, TN and other states that manage the citizens money better.

Gerald
1 year ago
Reply to  Frank C

I enjoyed my time in Florida, although the “spicier” culture was repellent enough to drive the Mrs. and I out and up to Georgia.

John Proud Maga
1 year ago

Really makes you wonder who the morons were that moved into Illinois. They must not have done the research.

Morgs
1 year ago

Who lives in Illinois? Well, the Wirepoints team for starters. I wonder what they know that we don’t.

Former Illinois Wimp
1 year ago

Once again, I’ll point out that western Tennessee to Chicago is a one-day drive, in case you consider moving here and anticipate going back for frequent visits after leaving Illinois. If you are a homeowner, the move will probably save you between 5-10 thousand dollars annually in property taxes. Next, look at what you paid last year in Illinois income tax. Whatever that dollar figure is, you won’t pay any of it in Tennessee. (And wouldn’t it be nice to get away from those pushing for a progressive state tax? Do you know how insane that sounds to those living… Read more »

FJB
1 year ago

Property taxes are laughably low, although sales tax is 9.75% and all food is taxed at 6% or so. But your insurance premiums will go down as well. There’s one house I was looking at with an assessed market value of 554K and taxes are 2248 per year. 3 acre lot on a mountain top.

Larry Canfield
1 year ago
Reply to  FJB

Sales tax at 9.75% is still a (slight) discount to the typical 10% to 11% in Crook County.

Daskoterzar
1 year ago

First…amazing information. Thanks. Second, wait, but wait…the Fat Man just told us all was well and no way did Illinois lose residents and the economy is fine, unemployment is down…all is well. Wait a minute – could this schmuck be lying to us? This state will not continue if something doesn’t change. This trust fuind douche bag doesn’t give a damn about Illinois or this Country. He, like kamamamala are snakes and will say and do anything to win and serve their egos.

Old Joe
1 year ago

Another good read from WP. Good job.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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