Record Number of New Jersey Residents Want to Leave State

New Jersey Residents Want to Leave State in Record Numbers

A new poll by Monmouth University found that a record 59% of New Jersey residents want to leave the state at some point. This is up from 49% in 2007 and 53% in 2017. The poll also found that 36% of residents consider it "very likely" they actually will leave the state, also a new high.

The poll found that the top reasons why New Jersey residents want to leave are:

  • Property taxes (28%)

  • High cost of living (19%)

  • Other state taxes (5%)

  • Housing costs (6%)

The poll also found that a majority of residents who want to leave the state (50%) would like to move to the southeastern portion of the country, with Florida (15%) and North Carolina (14%) being the two most popular states.

The reasons for the high number of New Jersey residents who want to leave are complex. However, the high cost of living and property taxes are two of the most common factors. New Jersey has some of the highest property taxes in the country, and the cost of living is also higher than in many other states. This can make it difficult for people to afford to live in New Jersey, especially if they are young or have a family.

The high cost of living is not the only reason why New Jersey residents are considering leaving. Some people are also unhappy with the state's taxes and regulations. New Jersey has a reputation for being a bureaucratic state, and some people feel that the government is too involved in their lives.

The poll's findings suggest that the trend of New Jersey residents leaving the state is likely to continue. The state's high cost of living and taxes are major factors driving this trend, but other factors, such as the state's political climate, may also be playing a role.

If you are a New Jersey resident who is considering leaving the state, there are a few things you should keep in mind. First, you should make sure that you have a plan. This includes finding a new place to live, finding a new job, and making sure that you can afford to live in your new state. You should also research the state you are considering moving to to make sure that it is a good fit for you.

Moving to a new state can be a big decision, but it can also be a great opportunity. If you are unhappy with your current situation in New Jersey, you may want to consider moving to a state with a lower cost of living and less taxes.

Kevin Hill

Kevin Hill is a 20 year+ real estate professional with Keller Williams Valley Realty in Woodcliff Lake, NJ who escaped to sunny South Florida for 5 years but “Just when I thought I was out, they pulled me back in!” and moved back to the Garden State. If you have any questions or want to see a topic covered in my blog, contact me at Kevin@escapefromnewjersey.com or 201-214-1349.

https://www.escapefromnewjersey.com
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