We have previously discussed Meredith Whitney's book Fate Of The States and how she feels that the economic growth in the country will begin to shift inward, away from the coasts, as the pension and debt burdens of local and state governments begin to overwhelm coastal cities.
In addition to higher future taxes, lower quality of schools, and a lower quality of future infrastructure, one must also factor in the general cost of living into their decision on where they would like to set their roots down. The following infographic provides the stark difference between living in a city like New York and living in a state like Texas.
