People making $200,000 or more are flocking to these 10 states: Florida is No. 1
17th August 2024
More high-income households have left California and New York than moved in, but some states saw the opposite.
Florida had the biggest net gain of high-earning households, according to a recent SmartAsset study. SmartAsset analyzed the latest available IRS data from the 2021-2022 tax year. Using $200,000 of adjusted gross income as a threshold, the study examined the number of high-income households moving into and out of each state to determine the net inflow.
Texas came in second in terms of net inflow, followed by North and South Carolina and Arizona.
UPDATE: Map Shows Most Popular States for High Earners (Newsweek)
UPDATE: Here’s where the young and rich are moving – and it’s not New York or California (Fox)
UPDATE: California and New York are losing rich Americans at the highest rate in America — here’s where the money’s moving instead (MoneyWise)