Tuesday, January 5, 2010

N.J. holds second-highest exit rate

Steeper estate taxes. Fewer jobs. Higher property taxes.

For a variety of reasons, people are still leaving New Jersey.

The state saw 2,356 households move out last year, while 1,480 households moved in, according to the latest migration trends released yesterday by Atlas Van Lines.

In the Northeast, the size of New Jersey’s exodus trailed behind only Connecticut, which had the region’s highest percentage of outbound (68.5 percent) to inbound (39.5 percent) traffic for the year.

Migration patterns tracked by Atlas showed the Southwest states of Texas, New Mexico and Oklahoma attracted the largest number of inbound moves. In the Northeast, Washington, D.C., had the highest percentage of inbound moves for the fourth year in a row, according to Atlas.

Only a handful of residents left New Jersey for Oklahoma — one of those was a move to Vance Air Force Base from McGuire Air Force Base — but many headed for Texas, Maryland and Georgia. Despite a worsening economy, California also continued to attract residents from the state.

New Jersey isn’t the only state watching high numbers of residents leave. Michigan is among the states with the highest outbound moves, and this year, North Dakota and South Dakota saw a jump in the number of residents exiting their states.

The number of people moving from New Jersey dropped 11 percent in 2009, representing the smallest wave of departures in six years. Between 2003 and 2007, the number of outbound moves hovered around 3,000 or more, according to Atlas.

In 2008, 2,661 households left the state.

Atlas attributed the drop in moves, generally, to the nation’s economic woes.

Total interstate and cross-border moves were down nearly 16 percent from 2008 when Atlas moved 84,447 households. Last year, the total reached only 71,301

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