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Saturday, November 2, 2024

Pennsylvania lost $1.7 billion in 2019 due to migration, study finds

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The collective wealth of Pennsylvania residents decreased $1.7 billion in 2019 due to population migration trends, according to a new analysis of Internal Revenue Service data by the nonprofit Wirepoints website. 

As a percentage of the state’s total adjusted gross income in 2018, Pennsylvania lost 0.43 percent of its residents’ overall income as a result of shifting domestic population numbers, according to Wirepoints. The state lost 12,604 residents in 2019, according to the IRS data.

The migration wealth performance of Pennsylvania on a percentage basis was the 34th best among the 50 states, the authors said.

For those states attracting the most people and wealth, the result was economic growth and investment, as well as an expanding tax base. Those states suffering from migration outflows, however, experienced difficulties in paying down public debts as well as higher taxation, according to the study. 

A key downside for those states with continuing outflows of people and their wealth is that the losses affect not just the year when a resident leaves but subsequent years as well, according to Wirepoints.

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Domestic Migration Winners, Losers in 2019

StateNet Adjusted Gross Income Gained/Lost (in Millions of Dollars)2018 total Adjusted Gross IncomeNet Adjusted Gross Income Gained/Lost as % of 2018 AGIRank
Idaho$1,238$44,2102.80%1
Florida$17,690$661,0332.68%2
Nevada$2,119$91,3372.32%3
Arizona$3,848$185,9032.07%4
South Carolina$2,573$125,7002.05%5
Montana$481$28,7631.67%6
Delaware$353$29,2801.21%7
Wyoming$224$19,9811.12%8
Tennessee$1,876$173,7851.08%9
North Carolina$2,806$269,4691.04%10
Colorado$2,001$199,2271.00%11
Maine$334$36,8480.91%12
Utah$688$85,5390.80%13
South Dakota$157$24,8940.63%14
Oregon$781$124,8830.63%15
New Hampshire$321$51,5270.62%16
Texas$4,017$804,3120.50%17
Washington$1,130$277,5970.41%18
Alabama$261$110,4410.24%19
Georgia$421$271,4700.16%20
New Mexico$50$45,5540.11%21
Oklahoma-$28$90,040-0.03%22
Vermont-$13$19,406-0.07%23
Arkansas-$54$69,287-0.08%24
Wisconsin-$238$176,460-0.13%25
Kentucky-$190$101,169-0.19%26
Indiana-$343$174,205-0.20%27
Rhode Island-$78$33,807-0.23%28
Mississippi-$134$56,392-0.24%29
Missouri-$392$160,584-0.24%30
Hawaii-$169$42,161-0.40%31
Michigan-$1,135$280,214-0.40%32
Virginia-$1,170$288,513-0.41%33
Pennsylvania-$1,719$403,147-0.43%34
Nebraska-$246$54,854-0.45%35
Louisiana-$485$105,347-0.46%36
Massachusetts-$1,433$307,846-0.47%37
Minnesota-$922$194,407-0.47%38
Kansas-$391$80,662-0.48%39
Ohio-$1,621$317,380-0.51%40
West Virginia-$210$37,392-0.56%41
Iowa-$517$87,897-0.59%42
North Dakota-$144$23,606-0.61%43
California-$8,841$1,430,619-0.62%44
New Jersey-$3,107$367,941-0.84%45
Maryland-$1,838$216,006-0.85%46
Connecticut-$1,678$163,861-1.02%47
New York-$8,995$783,809-1.15%48
Alaska-$294$21,671-1.35%49
Illinois-$6,014$425,251-1.41%50
Source: Wirepoints.org

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