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Residents’ income

Business

New York and New Jersey Lose Nearly $700 Billion as Residents Move South

November 12, 2025

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New York and New Jersey are undergoing a major economic transformation as they face a massive outflow of residents’ income. Countless individuals and families are relocating to states with more favorable tax environments.

New York and New Jersey are undergoing a major economic transformation as they face a massive outflow of residents’ income.…