The most popular states for college-educated Americans were revealed after HireAHelper looked at where the net gains and losses of citizens earning a degree are greatest.
The goal was to track the effect of the “brain drain” in the U. S. The U. S. economy is facing a historic housing shortage, peak interest rates, and an emerging living burden in some urban areas.
“Brain drain” refers to the procedure of migration of the most informed citizens of a region or country, which can occur for a variety of reasons.
Washington state, the biggest gainer in terms of influx of college-educated Americans, saw a 169 percent increase. The state gained more than three times as many graduates as it lost.
The second most popular is South Carolina, with net growth of 137 percent.
Nevada is the third most popular state among graduates. The Silver State saw a net increase of 111 percent of college-educated Americans.
Wisconsin largely followed with a 1 percent turnout.
South Dakota, Mississippi, Louisiana and Oklahoma are the states with the largest exodus of graduates.
South Dakota posted a net loss of -72%, -67% for Mississippi, while Louisiana and Oklahoma posted a net loss of -62%.
As for why so many college-educated Americans moved, “new job” was 73% most likely to be cited among this organization as a reason.
State tax structures may also contribute to trends in graduate relocation.
Of the three most sensible destination states for school graduates, two (Washington and Nevada) had no source of income taxes at all.
They were based on 2023 data from the U. S. Census Bureau’s Current Population Survey. and the annual social and economic supplements.
Mass outflows can also be similar to rents, goods, and the overall cost of living.
A 2023 New York Times investigation found that traditionally popular but notoriously expensive cities, such as New York and San Francisco, were experiencing a hemorrhage of highly informed residents.
According to Redfin data, the median rent in New York currently stands at more than $4,000 per month, while Zillow estimates that the average home in the city is over $746,000.
The price of rents and homes in San Francisco exceeds $3,400 and $1. 2 million, respectively.
Cost-of-living issues may also be compounded by new tuition rates in several U. S. states.
Connecticut, Massachusetts and Virginia are among the states with fee increases for public universities.
Newsweek reached out to Miranda Marquit, a customer advocate and spokesperson for HireAHelper, to learn more about the report’s findings.
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Joe Edwards is a reporter for Newsweek’s London bureau.
Joe Edwards is a reporter for Newsweek’s London bureau.
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