A lot has to do with an ageing population and retirement as well as taxation.
Pennsylvania is popular with alot of folks who work in central and western New Jersey, but want low property taxes.
Nawth Carolina is a combination of both. You have alot of retirees moving to Ashville and the coast, with many financial professionals relocating to the Charlotte area to work for Wachovia and B of A.
1. Folks from NJ who move to Florida are typically retirees.
2. Folks from NJ who move to Pennsylvania are typically middle-income types who are looking for less expensive homes and lower property taxes.
3. Folks from NJ who move to North Carolina are typically upper-income types who work in the banking, pharmaceutical/biotech and high-tech industries and are following the jobs there.
4. Folks from New York who move to New Jersey are those who see a corrupt, expensive, high-tax climate as an improvement over the place they're coming from.
Really? Is there a disproportionately high number of older people in the state? I would have assumed it's similar to the other states.
“A lot has to do with an ageing population and retirement as well as taxation.”
Yeah and persons over the age of 65 own approximately 70% of all the wealth in the country.