By Ted Dabrowski, President, Wirepoints -
A Wirepoints analysis of the Internal Revenue Service’s just-released migration data shows Illinois lost, on net, another 101,000 residents to other states in 2020. The state ranked third-worst nationally for net resident losses, both in number of people and per capita.
Illinois’ tax base also took a hit as a result of that flight, losing a net $8.5 billion in taxable income (AGI) to other states in 2020 – a new record. That, too, was the third-worst performance in the country. But when measured as a share of total income, Illinois’ losses were the nation’s 2nd-worst.
In all, Illinois lost people, on net, to 44 other states.
However, this new IRS data does help confirm what the recent 2021 U.S. Census Bureau population estimates for Illinois showed: the state is a severe loser in the competition of people and their wealth. The Census reported Illinois’ population declined by 114,000 in 2021 – more than any other state other than New York and California.