Today we're going to take a look at why so many people are leaving New Jersey. The Garden State
is one of those states that is seen more people leave than actually move in like most States
though in 2022 and 2023 there's been a bit of a baby boom so it doesn't seem that bad
when you just look at the population growth New Jersey only dropped about one percent in
2022. the reason it isn't around three or four percent is the birth rate versus the death rate
we're in the middle of the covid baby boom when Americans are stuck at home and run out
of things to watch on Netflix it appears they start bumping Uglies at a much higher rate I
mean why not you don't live together just for the conversation right according to a few different
studies where every 10 moves that involve New Jersey Six will leave and only four will move
in to the Garden State so one of the reasons people are flooding out of New Jersey in this
video we'll explore the reasons most often given got it get it good let's take a look
number 10 the typical stuff now this one is a bunch of things that show up but really didn't
jump out and they're kind of the typical stuff people left because of crime which I mean it's
not that bad outside of Camden and some of the other cities that's all people that don't know
New Jersey that's what they think it is they think it's just like one big city now they do
have some pretty good sized city especially up near New York City like Newark Hackensack Edison
then down on the Delaware River you have Trenton and then even further Southwest you have Camden
which is right across from Philadelphia Camden's a nightmare but most the city is pretty decent
so I think all the people that listed crime are probably coming out of Camden Trenton someplace
like that they also listed lifestyle which is people that just want to change a pace and that
other people wanted to change a scenery maybe they moved to the desert maybe they moved to the
mountains of Colorado or Virginia something like that and of course family and politics showed up
none of these were enough to be their own place on this list so I just threw them in there as a
Lodge of reasons one interesting fact I did find was when they asked people of different
political parties 69 percent of Republicans said they wanted to move compared to only 47 percent
of Democrats said they wanted to move also like I said people listed family and that's usually
they just want to move closer to family maybe the kids moved out of state they got grandkids
so you know the grandparents move to be closer to the grandkids and their own kids stuff like that
number nine health reasons health reasons is normally this one can almost be lumped
in with one that's later on on the list but health reasons usually mean they want to move
to a warmer climate maybe they're getting older the arthritis things like that maybe
lung problems because New Jersey doesn't have the best air quality especially around
the cities obviously now New Jersey does have some incredible hospitals
so it's not like a lot of people are leaving because they can't get a good neurosurgeon or
something like that they can get all that in New Jersey and they're right across from New
York I think it has more to do with the air quality and want to move to a warmer climate
number eight traffic and crowds obviously this is another one that made it on the list because of
the Cities especially around New York City if you don't know just like so many other states
where they share a border and there's two big cities next to each other they're kind of the
same metro area well Newark Hackensack Jersey City they're really all kind of the New York
City metro area and if you don't know about the crowds there it's pretty bad especially
the traffic can get insane luckily they've had decades and decades to work on their
traffic system and their public transit it could be so much worse but yeah crowds and
traffic is what a lot of people leaving New Jersey listed is why they're leaving
number seven the taxes yes this is a big one for people in New Jersey they are the most tax state
in the country many of the middle class are the ones that are getting hit in the worst especially
when it comes to property tax the median property tax in New Jersey and this could change so don't
you know give me a hard time if you watch this a year down the line these are 2022 numbers but the
median property tax rate is about two thousand four hundred dollars for every one hundred
thousand dollars on your home so if you've got a five hundred thousand dollar home roughly you're
gonna be paying about twelve thousand dollars in property tax every year that is the highest
rate in the country top of that you got a lot of sales tax and income tax both are about average
for the rest of the country but when you stack that up with the highest property tax in the
United States it's pretty rough a lot of people in New Jersey just feel they're being taxed to death
number six jobs now a lot of people move from every state because of jobs and when you have
different things like high taxes traffic crime and unfavorable lifestyle it makes it easier
to choose a new state if offered a job there with States like New Jersey and California and New York
are seeing this also it's very expensive so a lot of companies in other states are offering jobs to
these people and they look and go you know what I'm getting paid about the same but my taxes are
lower like Kansas has less of the stuff I hate why not move there that's what's been drawn people to
Nevada for so long from California it's like look we don't have half the crime half the crowds and
it's half the expenses why not come to Nevada and work I think it's slowed down now but for
many years people are just flooding out of Los Angeles for the Las Vegas metro area that's sort
of what's happening in New Jersey the grass is always greener on the other side of the septic
tank you know there's three main states that are luring a lot of New Jersey residents away
Iowa Utah and in Idaho it's like people in New Jersey have just given up on the Eastern seaboard
number five education a major reason people are leaving New Jersey is they want to attend
a college in a different state in the last five years New Jersey has been one of America's top
exporters of college students I find that one a little strange but this is a very common thing
in New Jersey a lot of states don't have nearly as high a rate especially like Wisconsin almost
70 percent of the students that leave high school for college in Wisconsin will stay in Wisconsin
only about 45 percent of high school students in New Jersey choose to attend college in New
Jersey but it is kind of strange New Jersey has some top-rate schools Rutgers is phenomenal Seton
Hall is good they even got an Ivy League college Yale is in New Jersey stop typing it's actually
Princeton Yale's actually in New Haven Connecticut how many of you were leaving the comment but that
one does surprise me a little bit because they do have some great universities and colleges in New
Jersey I don't know why someone wouldn't just pick one of those maybe just because it's New Jersey
number four the weather yeah the weather in New Jersey kind of sucks mostly in the winter Summers
aren't terrible it gets a little warm and in the rural areas it does get pretty humid but
not like you know deep south humid we're not talking humidity like Mississippi where you
got mosquitoes that fly off with your children because of the weather you find a lot of people
moving out west to Arizona maybe New Mexico Texas California Nevada Utah and they also go down to
Florida quite often New Jersey is actually the second highest exporter of snowbirds to Florida
like I've mentioned in a lot of other videos recently A lot of people are choosing South
Carolina over Florida in the last handful of years which I mean if I was a Southern state I
would be doing everything I could to get retirees in most retirees that move have an income coming
in whether through a pension retirement plan or just Social Security so when they move someplace
they don't take up a job that maybe a Florida or South Carolina or whatever States resident may
be doing they're just bringing their money down and buying things and being part of the community
that's a win-win sort of like for the remote workers if I was running a state I would do
everything I could to get remote workers in one of the biggest problems any state faces is jobs
for all the residents if you're moving to my state you're bringing a job with you and you're paying
taxes you're like gold if I was like the mayor of Iowa it's like day one I would build the internet
infrastructure make sure we have the fastest internet in the country and then I would start
running ads to people in New York City New Jersey California about how you could come here get free
internet maybe and work from home yeah I'd give remote workers free internet just move to the
state and pay your taxes but back to the weather this is one of the major things that people listed
up why they're moving out of New Jersey snow could get pretty thick in New Jersey and if
you've ever had to shovel snow a couple Winters in a row you kind of start looking for warmer
climates when it's not snowing in the winter of course you got the cold and dreary weather and
this you know affects people's attitude and their emotions and their mental well-being
number three cost living New Jersey has a High Cost of Living throughout the state
the cities obviously are going to be higher but the state pretty much is a pay to stay
type State depending on the study New Jersey has anywhere between the 12th and the seventh
highest cost living in the country if you were to compare them to the state with the
lowest cost of living which is Mississippi overall New Jersey is estimated to be about
49.9 percent more expensive than Mississippi to give you an idea what that looks like if
you go to a restaurant and take your whole family and it costs a hundred dollars in
Mississippi it's 125 dollars in New Jersey groceries are about 30 percent higher child
services are only about 2.4 times higher than Mississippi now Mississippi is just
the extreme lowest I'm just trying to give you an idea how high they are compared to the lowest
number two housing costs New Jersey is ranked 13th in the nation when it comes to housing
costs the median home price in 2022 was 424 000 in New Jersey it was 455 000 at the same time the
average rent price in the United States was about 900 while in New Jersey it was 1 369 now that's
what they call the median and that's kind of the middle and it's something that just economists and
real estate agents look at the average person wants to know what the average price is now
it's sort of hard to nail it down for an entire State cities are much easier but the average home
is sold in New Jersey for about five hundred and twenty thousand dollars 2022. at the same time the
average rent is in between 22 and 2800 the average home price at that same time for the United States
is about a hundred thousand dollars less and rent is about a thousand dollars less now on
top of that you just feed into the fact that they have that incredibly High property tax it's just
ugly to buy a home or rent in New Jersey all right before we get to number one if you're thinking
about moving to another state another city there's a link for home and money it's a website that'll
help you with a bunch of things but one of the things is get you in touch with a real estate
agent in the area you want to move to there's a link for that below alright on to number one
and number one retirement yep that's right people are retiring outside of New Jersey of course you
got the snowbirds that once they retire they just put New Jersey in their rear view mirror
and they head to South Carolina Arizona or Florida about two-thirds of the people leaving
New Jersey we're 55 years and older now a lot of the reasons we already mentioned play into
this higher cost of living drives retirees out of a state higher housing costs Drive
retirees out of the state cold weather drives retirees out of the state and families also
send retirees packing health reasons also send retirees out of state I mean nobody wants to
shovel snow with a bad back in a house that's far too expensive for their fixed income am I
right or am I right but like I had mentioned earlier a lot of retirees are choosing other
states than Florida Florida has always been the go-to one it is still the most popular but you're
starting to see more going to South Carolina like I said Utah Arizona and Idaho maybe Idaho
will quit complaining about Californians and start complaining about New Jersey residents
all right that's today's video if you guys have guys haven't give this video a big
thumbs up I really appreciate it everybody have a great day be nice to each other