Residents who fled Multnomah County, Oregon, in 2020 took over $1 billion in income as they searched for a better life in other areas.
Multnomah County, Oregon, in 2020 took over $1 billion in income as they searched for a better life in other areas.reported“Numbers gleaned from annual income tax returns provide the most detailed information available on where Americans are moving — and taking their money,” the outlet said:
The latest figures, based on income tax returns filed in 2020 and 2021, show that Multnomah County lost a net 14,257 tax filers and their dependents. The county’s resulting net income loss topped $1 billion for the first time in the decade that the IRS has tracked moving data. The pandemic appeared to prod relatively higher earners — more likely to hold jobs that can be done remotely — to relocate than in pre-pandemic years. The average income of Multnomah County residents who moved away in 2020, the most recent figure available, was 14% higher than of those who moved the year prior, according to The Oregonian/OregonLive’s analysis.
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