While the trend in both inbound and outbound household AGI is upward, the Outbound AGI has been consistently higher adding to the complexity of the Migration stats. ($11,400 higher on average over these 10 years)
Where is the net AGI flow for Minnesota going to and coming from since 2011 by US State over that same time-frame?
This is one metric of many, but certainly one that is concerning.
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IRS Migration Data 2011-2021:
Net AGI Impact from Inbound vs. Outbound Minnesota population
Does 5 yrs defines a trend?
Multiple comments/articles over the past day or so stating that it is the "retirees" that need the focus with respect to Migration in/out of Minnesota.
The 65+ group has the lowest net AND % outbound migration and is 3rd for migration of net AGI... (hint: its the $100k+ earners)
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IRS Migration Data 2020-2021 - Net Migration Impacts by State: AGI/Households/Individuals
Request was to show a more relative value across the states that the "map" view was lacking due to outliers (e.g. Florida)
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IRS Migration to/from Florida/Minnesota by Florida County -
Adjusted Gross Income Totals
$511,610,000 MN to FL (2,335 Households)
$73,125,000 FL to MN (642 Households)
$438,435,000 net loss in AGI to MN
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IRS Migration to/from Colorado/Minnesota by Colorado County - Adjusted Gross Income Totals
$85,305,000 MN to CO (993 Households)
$51,775,000 CO to MN (642 Households)
$33,530,000 net loss in AGI
Another state with a material delta in the flow of AGI for MN is Colorado with a net loss of $33,530,000 in est. taxable AGI
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Here is the "flow" of reported household AGI from Minnesota to the destination Florida Counties (change from 2020 to 2021)
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Hennepin County Migration based on IRS Migration Reports 2020-2021
Where are they going?
"Who" is leaving?
Where are they coming from?
"Who" is coming?
The graphics are cool, but the data behind it is telling
Net Migration % are low ranging from -2.07% to 2.92% by county.
NET MIGRATION
If 2000 households leave with a 10,000 AGI and 2000 arrive with an 9,000 AGI, it's a net 0 migration, but a -$1,000,000 impact on est. taxable income.
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Here is something different than the geographical impacts of the IRS Migration Report. With the data that they provide, it is possible to see what age groups are migrating and the associated net impact on MN cumulative AGI.
Replying to @Loonbird1 @billglahn
Here are the 2020-2021 Numbers by state from the IRS Migration Report.
Here is the Net Household Migration into Minnesota by State for 2020-2021 based on IRS Tax filings.
Negative numbers mean that Minnesota lost households to that state and positives indicate gain from that state.
... and some of it just because its interesting to see what is going on in 2021.
Like this nationwide view of migration to (positives) and from (negatives) Minnesota.
(e.g. 395 MN households that filed as Minnesota residents in 2020, filed as Colorado residents in 2021)
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I'm just diving into the available data from 2020-2021 IRS Migration Data
Here is the "net change in Households" by county for Minnesota (Hennepin's scale makes the color indicators useless)
































