Wealthy Young Professionals Are Leaving Illinois By The Thousands

ILLINOIS — Illinois misplaced extra rich younger professionals than nearly every other state between 2019 and 2020, in line with a current research.

The Prairie State had a web lack of almost 3,000 younger and prosperous residents through the research interval, monetary web site SmartAsset reported in a abstract of its evaluation, which in contrast tax returns from 2019 and 2020 for residents youthful than 35 who make a minimum of $100,000.

The one states that outpaced Illinois in inhabitants loss for the thought-about demographic have been New York, which noticed a web outflow of virtually 15,800 high-earning younger professionals, and California, which had a web departure of seven,960 such residents.

Illinois got here in third, gaining 6,527 prosperous professionals underneath 35, however dropping 9,386, for a web outflow of two,859, in line with SmartAsset. The District of Columbia and Massachusetts have been fourth and fifth for web loss, respectively.

The research outcomes come amid the departures of a number of giant corporations which have in current months introduced plans to maneuver staff out of Illinois, together with Tyson Meals, Citadel, Caterpillar and Boeing.

So, the place are all these high-earning younger professionals going? In response to SmartAsset, Texas had the very best web influx of such residents, with 3,823, adopted by Florida, Washington, Colorado and New Jersey.