How America Moves

New Jersey vs Florida

Net migration of people and income, 20222023 filing years

How they compareNew JerseyFlorida
Population
Census estimate
9,395,31522,929,248
Net migration rate
net people per 1,000 residents
-3.4+5.0
Per-capita income
BEA, nominal
$81,584$70,057
Cost of living
100 = U.S. average prices
108.9103.6
Unemployment rate
BLS annual average
4.3%2.9%
Major disasters
federal declarations, 2023
12
State tax per resident
Census STC
$5,399$2,701

Bold marks the higher number, which is not always the better one (cost of living, unemployment, and disasters are here too). Sources: Census, BEA, BLS, FEMA. A different universe from the IRS filer figures below.

New Jersey
Net income (AGI)
-$2.8B
nominal dollars
Net households
-20,990
tax returns
Net people
-32,182
exemptions

Income (AGI) in and out

Moved in$11.2B
Moved out$14B
Net -$2.8B (nominal)
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Net migration by year

Net 2012–2023: -$36.4B (-425,223 people)
20122023
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Net AGI and net people by year (nominal dollars)
YearNet AGINet people
2012-$2.2B-34,396
2013-$1.8B-35,880
2014-$3.1B-46,563
2015-$2.5B-34,590
2016-$3.5B-47,395
2017-$2.8B-47,031
2018-$3.2B-32,888
2019-$3.1B-26,853
2020-$2.3B-23,306
2021-$3.8B-26,069
2022-$5.3B-38,070
2023-$2.8B-32,182
Florida
Net income (AGI)
+$20.6B
nominal dollars
Net households
+54,902
tax returns
Net people
+113,945
exemptions

Income (AGI) in and out

Moved in$44B
Moved out$23.4B
Net +$20.6B (nominal)
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Net migration by year

Net 2012–2023: +$224.5B (+1,768,649 people)
20122023
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Net AGI and net people by year (nominal dollars)
YearNet AGINet people
2012+$7.5B+43,486
2013+$8.3B+74,094
2014+$10.7B+115,721
2015+$11.6B+116,033
2016+$17.4B+190,944
2017+$15.5B+192,338
2018+$16.2B+121,224
2019+$17.6B+128,214
2020+$23.7B+169,063
2021+$39.2B+257,487
2022+$36.1B+246,100
2023+$20.6B+113,945

Direct moves between them

New Jersey Florida
20,113households$3B AGI
Florida New Jersey
9,047households$785.3M AGI

Counts are returns (households) with associated AGI, where the IRS published the flow above its disclosure threshold.