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Why Are Illinoisans Fleeing to Indiana by the Tens of Thousands
Illinois residents have been moving to Indiana in increasing numbers in recent years, with an estimated 31,015 moving in 2022. Some reasons for this include low cost of living, affordable housing, low taxes, friendly people, welcoming new businesses with tax incentives, proximities to large cities, great schools, and great healthcare. Cost of living. Indiana is considered one of the most affordable states in the US, with U.S. News ranking it #2 in overall affordability and #3 in housing affordability. For example, moving from Indianapolis to Chicago could increase the cost of living by more than 20% . Job opportunities: Indiana’s manufacturing and agriculture industries offer many job opportunities. Schools: Indiana’s Four Star School program ranks schools for excellence and accountability. Proximity to cities: Indiana is close to major cities like Chicago and Louisville, which offer access to entertainment, culture, and more jobs. Popular cities throughout the state of indiana: Some Indiana cities that are popular with Illinois residents include Indianapolis and Fort Wayne. Indianapolis offers a low cost of living, walkable downtown, and attractions, while Fort Wayne has affordable cost of living, family-friendly neighborhoods, and good schools.
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Reasons why Illinois taxpayers are moving to Indiana: There are several reasons why Illinois taxpayers might choose to move to Indiana. Here are some key factors:
Lower Taxes:
Property Taxes: Illinois has some of the highest property taxes in the nation, whereas Indiana’s property taxes are significantly lower.
Income Taxes: Indiana has a flat state income tax rate of 3.23%, while Illinois has a higher flat income tax rate of 4.95%.
Sales Tax: Although both states have similar sales tax rates, Indiana’s overall tax burden is generally lower.
Lower Cost of Living:
Housing Costs: Home prices in Indiana are generally lower than in Illinois, making housing more affordable.
General Expenses: Costs for groceries, utilities, transportation, and healthcare tend to be lower in Indiana compared to Illinois.
Economic Opportunities:
Job Market: Indiana offers diverse job opportunities, especially in manufacturing, healthcare, education, and technology.
Business Environment: Indiana is often viewed as having a more business-friendly environment, with fewer regulations and lower corporate taxes than Illinois.
Quality of Life:
Community and Safety: Many parts of Indiana boast lower crime rates and a strong sense of community, contributing to a higher perceived quality of life.
Education: Indiana has several highly regarded public and private schools and reputable higher education institutions.
Political Climate:
Governance: Some residents may prefer Indiana’s political climate and policies over those in Illinois, including perceptions of better fiscal management and governance.
Infrastructure and Transportation:
Traffic and Commutes: Indiana often experiences less traffic congestion than the major metropolitan areas of Illinois, leading to shorter commute times and less stress.
Infrastructure Development: Investments in infrastructure and transportation in Indiana can make living and commuting in the state more convenient.
Rural and Suburban Appeal:
Rural Living: Indiana offers ample opportunities for a more rural lifestyle with its vast farmlands and smaller towns.
Suburban Growth: Many suburbs in Indiana balance urban amenities and suburban tranquility, which can appeal to families and individuals seeking a quieter lifestyle.
Proximity:
Geographical Proximity: For those who work in Illinois but prefer the benefits of living in Indiana, the proximity between the two states makes it feasible to live in Indiana and commute to Illinois. Lower taxes, a reduced cost of living, economic opportunities, quality of life, political preferences, better infrastructure, and the appeal of rural or suburban living can influence the decision to move from Illinois to Indiana. These factors collectively contribute to Indiana’s attractiveness as a destination for Illinois taxpayers seeking a more affordable and appealing living environment.