Massachusetts once again ranks in the bottom five in the U.S. when it comes to net inbound migration, meaning the state sees more people leaving than moving in.
What's happening: The Bay state had the fifth-lowest net inbound migration rate, with -9%, according to data from Moody's Analytics.
- Of note: Moody's based each state's ranking on the net difference between January 2021 and February 2022.
- During that time 185,360 people moved into Massachusetts, while 220,080 moved out.
Why it matters: While the data doesn't indicate why so many people left, the state has one of the highest costs of living in the country.
- Massachusetts not only has some of the highest rents, but also among the highest costs for a nanny or daycare.
Zoom out: We ranked above only Louisiana, Illinois, California and New York.
- The top state for net inbound migration was Montana. Maine ranked fourth, while New Hampshire ranked 17th.
Our thought bubble: This is yet another sign that the rent here is too damn high.
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