A new map illustration by Tax Foundation of America, sheds light on the financial cost of years of outward migration from northern states to the south. As citizens packed up and moved, they took with them their financial assets, spending power and future earnings to their new locations.
The map below illustrates the financial winners and losers from 2000 until 2010. It's no surprise that Florida was the big financial winner, with a gain of $67.3 billion dollars from new residents, while New York state was the biggest loser--another expected finding. The Empire state lost $45.6 billion dollars.
Other losers were California and Illinois, while Arizona and Texas saw significant financial gain.
It is noteworthy that little Massachusetts placed 44th on the list of financial winners. In other words, 43 states lost less money than we did. With just a fraction of the land mass and population as the larger states posting losses, the Bay State's loss of $10.4 billion over the last ten years is not a good sign.
Check out the map and see if anything surprises you. Massachusetts was a bit of a surprise to me.