Illinois

Analysis of state-to-state migration patterns and economic indicators for Illinois, focusing on the 2022–2023 tax filing years.

Overview

• Net loss of 29,506 tax-filing households and 55,609 individuals between 2022 and 2023.
• Net outflow of 4.4 people per 1,000 residents (population: 12,549,689).
• Net loss of $6.1 billion in adjusted gross income (AGI).
• Largest inflow from Indiana (10,141 households), largest outflow to Florida (14,834 households).

Migration Data

• Net Income (AGI): -$6.1 billion (nominal dollars).
• Net Households: -29,506 tax returns.
• Net People: -55,609 exemptions.
• Income Movement:
  • Moved in: $9.4 billion.
  • Moved out: $15.6 billion.

Top Origin and Destination States

Top Origin States (Inflow)

• Indiana: 10,141 households, $568.2M AGI.
• Florida: 9,299 households, $898.9M AGI.
• California: 9,063 households, $945M AGI.
• Texas: 8,236 households, $759M AGI.
• Wisconsin: 8,111 households, $546M AGI.

Top Destination States (Outflow)

• Florida: 14,834 households, $3.3B AGI.
• Indiana: 12,570 households, $846.8M AGI.
• Texas: 12,078 households, $1.2B AGI.
• Wisconsin: 11,331 households, $915M AGI.
• California: 10,407 households, $1.1B AGI.

Churn by State

Two-way exchanges of filing households (2022–2023):

• Florida: 9,299 in, 14,834 out, net -5,535 households, -$2.4B AGI.
• Indiana: 10,141 in, 12,570 out, net -2,429 households, -$278.7M AGI.
• Texas: 8,236 in, 12,078 out, net -3,842 households, -$488.2M AGI.
• California: 9,063 in, 10,407 out, net -1,344 households, -$185.1M AGI.
• Wisconsin: 8,111 in, 11,331 out, net -3,220 households, -$369M AGI.

Net Migration by Year

Net AGI and net people (nominal dollars):

• 2012: -$2.6B AGI, -52,328 people.
• 2013: -$3.8B AGI, -68,943 people.
• 2014: -$4.1B AGI, -82,881 people.
• 2015: -$3.5B AGI, -50,994 people.
• 2016: -$4.8B AGI, -87,837 people.
• 2017: -$6.8B AGI, -133,769 people.
• 2018: -$5.6B AGI, -87,673 people.
• 2019: -$5.9B AGI, -82,107 people.
• 2020: -$8.5B AGI, -100,858 people.
• 2021: -$10.9B AGI, -104,990 people.
• 2022: -$9.8B AGI, -87,286 people.
• 2023: -$6.1B AGI, -55,609 people.

Migration in Context

• Population (2023 estimate): 12,633,389.
• Net migration rate: 4.4 net people per 1,000 residents.
• Net income per resident: -$487 (≈ -$6.1B total).

Components of Population Change (2023)

• Births: +127,000.
• Deaths: 116,926.
• Net domestic migration: -79,784.
• Net international migration: +94,146.
• Total change: +23,812.

Income and Cost of Living

• Cost of living: 1% below the U.S. average.
• Income per person: $71,761 (3% above U.S. average).
• Price level index: 98.8 (U.S. average = 100).
• Adjusted income: $72,668 (4% above U.S. average).

Cost Breakdown by Category

• Housing & rents: 92.4 (index).
• Goods: 101.6.
• Utilities: 80.4.
• Other services: 99.8.

Demographics

• Median age: 38.9 years.
• Median household income: $81,702 (4% above U.S. median).
• College degree: 37% of adults 25+.
• Poverty rate: 11.7%.
• Average commute: 28 minutes.
• Broadband at home: 89% of households.
• Race and ethnicity:
  • White: 59%.
  • Hispanic: 18%.
  • Black: 14%.
  • Asian: 6%.
  • Other: 3%.

Housing

• Median home value: $250,500 (17% below U.S. median).
• Median rent: $1,227 (9% below U.S. median).
• Homeownership rate: 67%.
• Home-price appreciation:
  • Past year: +7.5%.
  • Past 5 years: +35%.
• New home construction (2023): 16,863 units (57% single-family, 43% multifamily).

Local Economy and Risk

• Unemployment rate (2023): 4.5%.
• Labor force: 6,525,710 (6,232,866 employed).
• Disaster declarations (2023): 2 major federal (most common: Severe Storm).

Migration by Income Bracket

Net migration of tax-filing households by adjusted gross income (2022–2023):

• $1–$10k: +1,455 households, -$7.9M AGI.
• $10k–$25k: +3,206 households, -$55.5M AGI.
• $25k–$50k: +3,867 households, -$141.4M AGI.
• $50k–$75k: +2,719 households, -$169.4M AGI.
• $75k–$100k: +2,854 households, -$249.5M AGI.
• $100k–$200k: +7,823 households, -$1.1B AGI.
• $200k+: +7,090 households, -$4.4B AGI.

Goods Trade

• Ships to other states: $534.6B (+17% since 2017).
• Receives from states: $458.9B (+22% since 2017).
• Net balance: +$75.8B.

Top Goods Shipped Out

• Electronic and other electrical equipment and components, and office equipment: $93.0B.
• Pharmaceutical products: $75.6B