"After Tax Law, Florida Sees Movers but Not From New York"
A measurable move by people from the New England region to Florida occurred shortly after a new federal tax law change. Florida has no income tax and relatively low property taxes. Susan Strate, from our Pop. Estimates Program, helps understand the possible connection of the tax law change & increased moving by MA and CT residents to Florida.
But the year-to-year jump in New Englanders may have more to do with Baby Boomers retiring than a change in the tax law, said Susan Strate, senior manager of Population Estimates Program at the University of Massachusetts Donahue Institute.
The biggest age groups represented by the New England migrants were just past the retirement age of 65 or were approaching retirement age. The biggest age group represented among the former New Yorkers was early 30s, according to Strate's analysis.
"Over these years, we can expect to see increasing migration from those states that send more retirees, versus young people, to Florida, including many of the typical 'snowbird' New England states," Strate said.
A localized version appeared in the Hartford Courant.
Read article: After Tax Law, Florida Sees Movers but Not From New York
November 05, 2019