Illinois

Economic Death Spiral? 

Illinois a national outlier when it comes to losing residents

Illinois lost nine residents per 1,000 in population in 2018, third only to Alaska (-14.6) and New York (-9.2). Hawaii and Rhode Island rounded out the nation’s five-worst losers of residents to outmigration. 

In contrast, 22 states netted resident gains from other states. The biggest winner in the nation was Nevada, which added 15 residents for every 1,000 it had in population in 2018. Idaho, Arizona, South Carolina and Colorado rounded out the nation’s best performers.

DYI:  The State of Illinois with chronic population loss eventually will end up with abandoned properties.  Currently they are in the trend of lower housing costs that are purchased by those of lesser income; as this spiraling down continues more and more of the residents income levels – those remaining in Illinois – will drop into the poverty level.  Unless the State of Illinois finds the political will to deal with their vast problems and their 300 pound gorilla – Chicago metroplex – they will continue to spiral down at an accelerating rate.

For those of you who are young and looking for employment opportunities the opposite end of Wirepoint’s chart are the States to try your luck.         

In contrast, 22 states netted resident gains from other states. 

The biggest winner in the nation was Nevada, which added 15 residents for every 1,000 it had in population in 2018. Idaho, Arizona, South Carolina and Colorado rounded out the nation’s best performers.

DYI