Madison County, NC

Migration of people and income, 2022–2023 filing years

Between the 2022 and 2023 filing years, Madison County, NC saw a net gain of 146 tax-filing households and a net gain of 258 individuals. On net, the area gained $14.8M in associated adjusted gross income (AGI, nominal dollars). The largest inflow came from Buncombe County; the largest outflow went to Buncombe County. These figures cover federal income tax filers only and do not indicate why people moved.

Net income (AGI)

+$14.8M

nominal dollars

Net households

+146

tax returns

Net people

+258

exemptions

Income (AGI) in and out

Moved in$49.8M

Moved out$34.9M

Net +$14.8M (nominal)

Where movers came from

1Buncombe County, NC328$20.1M
2Yancey County, NC27$1.0M

Where movers went

1Buncombe County, NC203$12.4M
2Yancey County, NC31$1.5M

Net migration by year

Net 2012–2023: +$139.1M (+2,495 people)

20122023

Net AGI and net people by year (nominal dollars)
Year	Net AGI	Net people
2012	+$2.3M	-48
2013	+$7.9M	+100
2014	+$7.8M	+237
2015	+$691.0K	-90
2016	+$8.4M	+285
2017	+$16.2M	+429
2018	+$6.4M	+144
2019	+$14.5M	+231
2020	+$16.3M	+259
2021	+$23.6M	+335
2022	+$20.3M	+355
2023	+$14.8M	+258

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Source: IRS Statistics of Income migration data (public domain). Covers federal income tax filers only; AGI is nominal (not inflation adjusted). These numbers describe movement of filers and their reported income, not why people moved or economic loss. Methodology and caveats.