New York State is losing more than residents. As residents flee the state, the Empire State is losing hundreds of billions in income.

Here's why it impacts those who stay.

New York Losing Over 500 Billion loading...

According to a new report from Unleash Prosperity, between 2013 and 2022, the Empire State lost $517.5 billion in resident income as New Yorkers flee to states with lower taxes.

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Neighboring New Jersey lost $170.1 billion over the same period.

Unleash Prosperity looked into Census and IRS data to uncover gains and losses as residents move their income and spend their money in a new location.

New Yorkers Fleeing To Low

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