The
Sunshine State had a net gain of 1,786 young households earning at least $200,000 in 2022, making it the state with the highest net migration of wealthy Americans from ages 26 to 35, according to a SmartAsset
analysis of IRS data.
...
Four other
Southern states — Texas, North Carolina, South Carolina and Tennessee — join Florida in SmartAsset’s top 10 states seeing the highest net migration of young high earners.
...
On the flip side, young rich Americans are fleeing
states with high living costs in droves. California saw the largest net decline of young households earning $200,000 or more in 2022, losing over 3,200 more high-earners than it gained over the year.