New York and New Jersey lose hundreds of billions in resident income as Americans flee to low

A new analysis finds that the states of New York and New Jersey have lost billions of dollars from their tax base amid an exodus of residents in recent years.

Unleash Prosperity released a report on Tuesday that found New York lost $517.5 billion in resident incomes from 2013 to 2022, while New Jersey lost $170.1 billion in that period, according to data from the Census Bureau and IRS.

The report covers cumulative gains and losses in each state's resident income, as a mover takes their income to another state for subsequent years – not just the first year after their move. The report was first covered by the New York Post .

" New York and New Jersey combined have lost two-thirds of a trillion dollars in net income and purchasing power over the last decade due to moving van