Texas Gained a Net $5.5B in Income From Other States
IRS data: Texas took in a net $5.5B of adjusted gross income from other states in 2022-23, second best in the country.
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Texas took in a net $5.5 billion of adjusted gross income from other states in 2022-23, the second-largest gain of any state, according to our analysis of Internal Revenue Service (IRS) state-to-state migration files. Only Florida, at $20.6 billion, gained more.
Why it matters
Texas developers, lenders and brokers in Dallas-Fort Worth, Houston, Austin and San Antonio are selling to a market that is still adding households and income from other states. In dollars the gain is about a quarter of Florida’s $20.6 billion, even though Texas had the larger net headcount, 112,481 people.
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The numbers
The IRS counts the adjusted gross income (AGI) on tax returns that changed state between filing years. Texas’s inflow exceeded its outflow by a net $5.5 billion, behind Florida ($20.6 billion) and ahead of South Carolina ($4.1 billion) and North Carolina ($3.9 billion). Our companion migration story shows 553,369 people moved to Texas from other states in 2022-23 while 440,888 moved out, a net gain of 112,481 people. California sent the most, followed by Florida, Louisiana, Colorado and Illinois. The series covers domestic moves only.
What’s next
The IRS has not published 2023-24 files, so 2022-23 is the latest year. We will update when the next file is released. More local coverage is on the Dallas market page.
Method note: net income is the IRS state inflow file minus the state outflow file for 2022-23, adjusted gross income in billions of dollars, domestic moves only. The IRS counts tax filers and their claimed dependents, so it does not cover every mover. The data is public: IRS Statistics of Income migration data.
On the record
Net adjusted gross income moved between states in 2022-23, computed by subtracting IRS state outflow from state inflow ('Total Migration-US' rows), Texas +$5.5B in billions
Our data · irs.gov
Primary record
- Internal Revenue Service, Statistics of Income migration dataState-to-state and county-to-county migration data, 2022-23