2012-02-16 / Communities

More People Leaving Vt. Than Moving Inthe

Since 2005, more people have moved out of Vermont each year than moved in. And in 2010, for the first time, the total incomes of those moving in was less than the incomes of those moving away.

That’s the report this week from the Public Assets, a non-govern­mental think tank headed by for­mer Rep. Paul Cillo and former reporter Jack Hoffman. This and other reports can be accessed at publicassets.org.

This week’s report summary was as follows:

“Since the early 1990s, when the IRS started tracking migra­tion and income, people moving to Vermont have consistently reported higher average annual incomes than the Vermont resi­dents who were leav­ing. The most recent data for 2010 shows that trend has not contin­ued.

“The numbers of people com­ing and going over the past 18 years have seesawed. For 10 of those years more came; for eight, more left. But since the peak of in-mi­gration in 2001, when a little more than 17,000 people relocated to the state, the num­ber of newcomers has been de­clining. And since 2005, number of Vermont residents moving out each year has ex­ceeded the number of new arrivals.

“Those coming to the state still have higher average incomes. So, even in years when out-migration has exceeded in-migra­tion, the to­tal personal income in the state has in­creased. “That changed in 2010, however. Vermont saw a net loss of income for the first time since the IRS be­gan to publish this data.

“According to the latest report, 13,422 people moved into Ver­mont in 2010. Their total ad­justed gross income was $353.9 million. The same year, 14,071 Vermonters moved away. Their income added up to a bit more: $356.3 million.”

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