Posted on 09/25/2019 12:23:54 PM PDT by DUMBGRUNT
There’s a lot of talk about an ‘Illinois exodus.’ We took a closer look at the reality behind the chatter.
During that time, the gap between the number of people leaving the state and those arriving has widened. Those losses were formerly offset by gains from international migration and births, but these numbers have also decreased recently. As a result, the overall state population began to fall in 2014.
The latest number puts Illinois 49th out of the nation’s 50 states on net migration loss. Only Alaska had a worse rate, with a loss of 11 people per 1,000 residents.
Where Illinois really lags, the data shows, is in attracting new residents. In 2017, Illinois’ rate of in-migration was third-to-last nationally, even when factoring in people who moved to Illinois from other countries.
Of about 339,000 people who reported moving from Illinois to another state in 2017 — roughly 3% of the state’s population — most had been living in Cook County or one of its suburban counties.
Cook County, by comparison, had an estimated 26 people per 1,000 residents leave the state.
Those who left the area were more likely to be young; the largest group, 28%, were in their 20s when they moved away.
“It’s the best,” Thacker said of her new home. Toward the end of their time in the city, Thacker said she found herself thinking, as she searched for street parking: “This is the last straw. I can’t do it anymore.”
“I tell people we spent $3,000 more but got three times the amount of space (a four-bedroom home vs. a three-bedroom condo),” said Wilson, 49, who works at the Indiana University Northwest campus in Gary.
(Excerpt) Read more at chicagotribune.com ...
If it weren’t for the whole Wisconsin Winter thing we would!
LOL
Understandable, though we love our snowmobiles and our cross country skis! :)
The transfer-tax hike is one of dozens of changes in city policy the group would like to see, including boosting use of South and West Side Metra lines, revamping density bonuses some developers get to encourage more work in low-income neighborhoods, and developing plans to phase out the use of lead water-feeder lines.
Like the Romans of old, they've all gone nuts!
In 1998 I paid 163K for a house in Chicago which I did 40K improvements and paid $2413 per annum property taxes my last 2 years. In 2003 I sold this house for 325K. Today Zillow makes a zestimate of 337K and looking at comparable sales this looks about right. The 2017 property taxes is $5953. The State income tax rate has gone from 3% to 5%. The Sales Tax rate has gone from about 8.25% up to 10.25%. And salaries have remained flat while prices are going up, up, and up. Families in Chicagoland have been getting squeezed the past 16 years bigtime. And now the pension crisis is well-known and not going to disappear.
Its absurd to have any pension plan having an Assumed Return Rate over 3x the 10Y treasury rate. But that’s what we have in Chicago now. If they were to get realistic then they’d be shown to be even tens of billions more in the hole than they are presently.
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