May 22, 2023

Can Massachusetts Overcome its Cost and Demographic Headwinds to Compete for Talent?

Who’s Leaving

  • U.S. Census: Suffolk and Middlesex residents, the two most expensive counties
  • IRS: Tax filers aged 26 to 35 dominate outflow; impairs talent pipeline

Why They’re Leaving

  • Cost and quality of living worsening; housing prices climb even faster in 2023
  • MBTA is unreliable, roadways are among the most congested in the world

Other regions offer more affordable housing, warmer weather, better business climate