For every one person who left low-tax states in the last eight years, an average of four people moved into those same states, according to a new report from Redfin.
The trend is reversed in high-tax states, where an average of 2.5 people left for every one person who moved in.
The study encompasses migration to and from 48 U.S. states from 2013 to 2020, correlated with rates of sales tax, income tax and property tax in 2020. For the national average, the 15 states with the lowest taxes are considered “low-tax states” and the 15 states with the highest taxes are considered “high-tax states.”
Nevada, Florida, South Carolina and Texas top the list of low-tax states attracting new residents. Florida, specifically, has the seventh-lowest tax rate in the country and gained more residents than all but four other states from 2013 to 2020. For every seven people who moved into Florida, just one person left.
“A lot of people are…