Episode Details

New Jerseys Middle Class Flees: A Surge in Exodus as Housing Costs Soar

New Jersey is experiencing a significant middle-class exodus, with a net loss of 35,000 households in 2022-2023 alone. Despite having one of the highest median family incomes in the nation, the states sky-high housing prices and property taxes are pushing middle-income families out. Over the past decade, this trend has resulted in over 520,000 people leaving, taking more than $30 billion in household income with them. The top destinations for these families are Pennsylvania, Florida, North Carolina, Indiana, and Idaho, all offering more affordable housing and lower taxes. This mass migration is set to significantly impact New Jerseys economy and communities, prompting discussions on affordability solutions.

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