Are people still moving out of Illinois?
People moving out of Illinois led to the 10th consecutive year of population decline, new Census Bureau data shows. Illinois' population declined by 32,826 residents from July 2022-July 2023, according to estimates released Dec. 19 by the U.S. Census Bureau.
Why is Illinois losing so many people?
The Illinois population decline of nearly 33,000 people in 2023 is due in large part to the net domestic migration of 83,839 people who left for other states, offset by net international immigration, which added 40,492 people, according to census data.
Why do people want to move out of Illinois?
The big picture: The exodus from major metros like Chicago comes as people seek lower living costs, or to pocket more income. Illinois has one of the highest tax burdens nationwide, NPR reports.
How fast is Illinois losing population?
Illinois had the fourth-worst decline, at 0.26%, among states that lost population in 2023. That's a step up from last year's results, when Illinois had the second-largest percentage decline, at 0.83%. It remains the sixth-largest state, with an estimated 12.5 million residents, according to the Census Bureau.
Is Illinois growing or Shrinking?
According to the figures released this week, Illinois' population has dropped to 12,549,689, representing a decrease of 0.26% from a year ago. By contrast, Illinois lost approximately 0.85% of its population between 2021 and 2022, according to the Bureau.
Is it worth living in Illinois?
Illinois offers a remarkable advantage in terms of affordability, particularly when compared to the national average. The state's median home sale price, at $272,200, stands significantly lower than the national median of $412,001. This makes homeownership more accessible and achievable for many residents.
Where are Illinois residents moving to?
Why it matters: Our survey is hardly scientific, but it appears to track with recent migration trends. State of play: Florida topped the states for Illinois residents to move, according to an analysis of 2022 data by MoveBuddha. The new data says Illinois residents are also moving to Texas and California.
Why is Illinois so rich?
34 Fortune 500 companies have made Illinois home, thanks to our world-class infrastructure, well-educated workforce, thriving technology and innovation ecosystem, and central location with easy access to global operations.
Why is Illinois declining?
The Illinois population decline of nearly 33,000 people in 2023 is due in large part to the net domestic migration of 83,839 people who left for other states, offset by net international immigration, which added 40,492 people, according to census data.
Why are people moving from Illinois to Florida?
The Sunshine State doesn't tax income, has hundreds of miles of beaches, and offers a slower pace of life in many places. It's led about 739,000 people to move to Florida between 2021 and 2022, Census data shows.
How many people move out from Illinois?
The latest Census Bureau data show that the Land of Lincoln is hemorrhaging people at an astonishing rate—and public policy is likely to blame. From July 2021 to July 2022, more than 142,000 people moved out of state than moved in.
Why is Illinois so popular?
Big cities, attractive towns, and farmland, highlight the landscape of the state. Illinois is probably best known for Chicago, a world-class city regarded as the cultural heart of the USA with a broad economic base.
Is it smart to move to Illinois?
No matter what, Illinois of course has a lot to offer residents: from a cost of living that's lower than the national average, to the high salaries it offers those in a variety of industries (including management, law, business, finance, and computer science and engineering), this state could be a win for not just you, ...
What state is shrinking the most?
The story of New York, the country's fastest shrinking state as of the latest Census release, is similar in this regard. New York lost 0.5% of its population between July 2022 and June 2023 and the previous Census had recorded a decreasing population in the state since 2016.
Is Chicago growing or Shrinking?
Chicago's population is declining, but it's still the nation's third most populous city, new census data shows.
Is Illinois economy improving?
In the 3rd quarter of 2023, the real GDP growth rate for Illinois was 4.1% per year. Source: Bureau of Economic Analysis. In the 3rd quarter of 2023, Illinois ranked 35th in economic growth.
What's the fastest growing city in Illinois?
#1: Schaumburg, IL
Taking the first spot on our list of the fastest-growing cities in Illinois is Schaumburg, a scenic Chicago suburb with a small-town atmosphere. The city currently has a population of around 77,100, which is an increase of 4% from 2017. There are many reasons why people are moving to Schaumburg.
Does Illinois have a strong economy?
The 2022 total gross state product for Illinois was $1.033 trillion, placing it fifth in the nation. The 2021 median household income was $72,205, one of the nation's highest.
Is Illinois or Florida better?
Florida has more water access, more coastline, more trees, more state parks, more national parks, more hiking trails, and more access to outdoor adventures than Illinois. In many cases, Florida doubles, triples, or even has 10x the number of outdoor features in certain categories.
Is Illinois too expensive to live?
Average Cost of Living in Illinois: $49,558 per year
The Bureau of Economic Analysis estimates personal expenditures by state, and on average, an Illinois resident spends $49,558 per year, as per the bureau's 2021 data.
What is the #1 place to live in Illinois?
In addition to Infrastructure, Education, Access to Capital and Cost of Living, Illinois ranked among the top 20 states for Life, Health, and Inclusion (17th) - which measures quality of life metrics such as health care, worker protection, voting rights and other data points.
Is Illinois the best state to live in?
Find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses. The cost of living in Illinois is 8% lower than the national average. Housing is 22% lower than the national average, while utilities are 10% lower.
Is Illinois affordable to live?
Louis-based United Van Lines, one of the largest moving companies in the country, found 54.2% of interstate moves involving Indiana were to the Hoosier State last year, while 45.8% were outbound. About 61.3% of moves from neighboring Illinois were outbound, while 38.7% were inbound.
Are people moving from Illinois to Indiana?
Poverty Rate: 11.90%
Illinois is a state in the Midwestern US with a median household income of $72,563.
Is Illinois a rich or poor state?
The No. 1 richest city in Illinois in our ranking is Kenilworth, a village with a total of 755 households. Kenilworth is a northern suburb of Chicago. In Kenilworth, the median household income exceeds $250,000, while its average household income of $384,288 is the second highest in Illinois.
What is Illinois richest city?
Overview of the Illinois Economy
The top three sectors by total employment are Manufacturing, Real Estate and Rental and Leasing, Professional, Scientific and Technical Services, while the unemployment rate across the state in 2023 was 4.4%.
What is Illinois biggest industry?
Illinois's population increased 4 out of the 12 years between year 2010 and year 2022. Its largest annual population increase was 0.9% between 2019 and 2020. The state's largest decline was between 2021 and 2022 when the population dropped 0.8%. Between 2010 and 2022, the state shrank by an average of 0.2% per year.
Is Illinois a growing state?
However, unlike the spending of the typical U.S. state, starting in the mid-1990s, Illinois's spending consistently outpaced its revenues (which have stayed low). In particular, the accumulation of pension liabilities has become a major source of Illinois's fiscal problems.
Why is Illinois in debt?
Following the release of initial census results in 2020, a Census Bureau survey designed to estimate overcount and undercount rates within states revealed that Illinois had in fact gained population in the prior decade contrary to reported population declines.
Is Illinois gaining population?
Illinois is a great state and Chicago is its gem. No one can deny that the living experience Illinois offers is exceptional and unique. And while comparing the pros and cons of living in Illinois, you also would have realized that the state also ranks high in outdoor entertainment, food scene, and natural beauty.
Why should I move to Illinois?
Texas ranked as the No. 1 state people moved to in 2023, according to U-Haul.
What state has the most residents moving to?
Illinois' central position in the American transportation network and general prosperity made it a magnet for immigrants. Many chose Illinois for its good prospects. Others settled down because fate, or at least a train, deposited them there.
Why did people move to Illinois?
The Paul Simon Public Policy Institute found 47% of Illinoisans wanted to leave the state, and “taxes are the single biggest reason people want to leave” with 27% of respondents citing taxes as the motive for departing in 2016. More recent polling conducted by Echelon Insights in 2023 substantiated those sentiments.
Why are so many leaving Illinois?
The Chicago region's growth can accelerate significantly, and sound planning policies will drive that growth. MPC is working diligently across our project areas to promote sound growth in the region and improve Chicagoland's ability to compete at the national and international levels.
Will Chicago grow again?
The same was true in 2021. Of the Illinoisans who hired United Van Lines, 64% were leaving the state. About 30% cited a job change as the reason, another 30% citing general lifestyle change and 25% for retirement. Nearly 141,500 people left Illinois for other states between the last two censuses.
Why do so many people leave Illinois?
Illinois was the first state to ratify the 13th Amendment to the Constitution abolishing slavery, 1865. Illinois was home to President Ulysses S. Grant, whose home is preserved in Galena. The Chicago Water Tower and Pumping Station were the only buildings to survive the Great Chicago Fire, 1871.
What's cool about Illinois?
Illinoisans can be proud of architectural, culinary, and agricultural achievements, among many.
What are 5 facts about Illinois?
While the U.S. population returned to a pre-pandemic growth trajectory this year, Illinois was one of eight states to see its numbers decline, a new 2023 census report showed. Illinois lost 32,826 people between July 2022 and July 2023, trailing only New York and California in total population decline.
What are people from Illinois proud of?
The big picture: The exodus from major metros like Chicago comes as people seek lower living costs, or to pocket more income. Illinois has one of the highest tax burdens nationwide, NPR reports.
Is Illinois growing or Shrinking?
Why it matters: Our survey is hardly scientific, but it appears to track with recent migration trends. State of play: Florida topped the states for Illinois residents to move, according to an analysis of 2022 data by MoveBuddha. The new data says Illinois residents are also moving to Texas and California.
Why do people want to move out of Illinois?
A Storage Hub analysis of 2022 census data revealed there were 33 states where more people moved into than left, while 18 states lost more residents than they gained. The top five states that Americans moved out of were Alaska, New York, Illinois, California and Wyoming.
Where do people from Illinois move to the most?
Texas experienced the largest numeric change in the nation, adding 473,453 people, followed by Florida, which added 365,205 residents. South Carolina and Florida were the two fastest-growing states in the nation, growing by 1.7% and 1.6%, respectively, in 2023.
What is the fastest declining city in the US?
A MacArthur Foundation/UIC data report analyzing Chicago Metro population trends also found that the lack of racial and economic equity and lack of affordable loans have caused people to move out of the region. Florida and Texas are top destinations. Black residents are mostly heading to Georgia.
What states are being left the most?
The reasons range from the aging of the local population to a continuing loss of factory jobs. But data also suggest that African-Americans are now leaving the region at a significantly faster rate than whites, Paral added.
What is the fastest growing state in USA?
Study: Illinois #2 state people are leaving
CHICAGO - A new study by United Van Lines reveals that more people are leaving Illinois, making it the second-highest state for outbound moves in 2023. The National Movers Study showed that 61% of moves in the state were outbound, with 39% being inbound.
Why Chicago is losing population?
Illinois offers a remarkable advantage in terms of affordability, particularly when compared to the national average. The state's median home sale price, at $272,200, stands significantly lower than the national median of $412,001. This makes homeownership more accessible and achievable for many residents.
Why is Chicago losing residents?
Chicago's population is declining, but it's still the nation's third most populous city, new census data shows.
Are more people leaving Illinois?
According to SmartAsset's analysis, seven Illinois cities saw their populations decrease between 2017 and 2022. The hardest hit was Aurora, which saw a 10% decrease in population over the analyzed time frame. Nearby Elgin's population decreased by just over 4%, while Peoria saw a 5.5% dip in population.
Is it worth living in Illinois?
No matter what, Illinois of course has a lot to offer residents: from a cost of living that's lower than the national average, to the high salaries it offers those in a variety of industries (including management, law, business, finance, and computer science and engineering), this state could be a win for not just you, ...
Is Chicago growing or Shrinking?
Florida has more water access, more coastline, more trees, more state parks, more national parks, more hiking trails, and more access to outdoor adventures than Illinois. In many cases, Florida doubles, triples, or even has 10x the number of outdoor features in certain categories.
What is the fastest shrinking city in Illinois?
In addition to Infrastructure, Education, Access to Capital and Cost of Living, Illinois ranked among the top 20 states for Life, Health, and Inclusion (17th) - which measures quality of life metrics such as health care, worker protection, voting rights and other data points.
Is it smart to move to Illinois?
Overall, Chicago is 42.9% cheaper than New York.
Is Illinois or Florida better?
With strong wages and lower costs for things like groceries, utility, and healthcare, you can enjoy a higher standard of living in the Lone Star State. Furthermore, there is no state income tax in Texas, which makes it even more affordable.
What is the #1 best state?
Find out what income you need to maintain your standard of living in a different city and how much more or less money you need to budget for basic expenses. The cost of living in Illinois is 9% lower than the national average. Housing is 20% lower than the national average, while utilities are 7% lower.
Is Illinois the best state to live in?
Migration between Illinois and other states in 2022. Illinois lost residents to 36 states and Washington, D.C. Illinois lost the most residents to Florida (21,184); Indiana (17,223); Wisconsin (14,605); Iowa (7,972); Texas (5,323); Arizona (5,246); and Tennessee (5,182).
Is Illinois cheaper than New York?
Why it matters: Our survey is hardly scientific, but it appears to track with recent migration trends. State of play: Florida topped the states for Illinois residents to move, according to an analysis of 2022 data by MoveBuddha. The new data says Illinois residents are also moving to Texas and California.
Is it cheaper to live in Illinois or Texas?
While the U.S. population returned to a pre-pandemic growth trajectory this year, Illinois was one of eight states to see its numbers decline, a new 2023 census report showed. Illinois lost 32,826 people between July 2022 and July 2023, trailing only New York and California in total population decline.
Is Illinois a cheap state?
Others sought out warmer states. About 25,200 went to Texas while 24,500 went to California. The least popular destinations for those on the move, according to Census estimates, were primarily to the west. Less than 30 former Illinois residents moved to South Dakota while about 130 went to Alaska.