Where High-Earning Households Are Moving – 2024 Study

SmartAsset examined the latest IRS data to find where households earning $200,000 annually or more are moving.

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Where High-Earning Households Are Moving – 2024 Study

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SmartAsset examined the latest IRS data to find where households earning $200,000 annually or more are moving.

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Where High-Earning Households Are Moving - SmartAsset

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SmartAsset identified the states where high-earning households are moving most. We examined the inflow and outflow of tax filers making at least $200,000.

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Where Are The ‘rich’ Millennials Moving To? Hint: NC Is Among Top …

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Sep 3, 2024 · High-earning millennials are leaving states like New York and California, according to a new SmartAsset report. See where they’re moving. ... up 20.2% of all households in the …

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Texas Ranks No. 2 For Where High-earning Households Are Moving, …

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Aug 4, 2024 · Further information from SmartAsset showed the adjusted gross income (AGI) for high earners moving to Texas was $579,207, while the AGI for high earners moving out was …

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Are Rich Gen Z Residents Leaving CA? Where Are They Moving ...

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Sep 25, 2024 · To determine where wealthy Gen Zers are moving, SmartAsset examined IRS data from the 2021 and 2022 tax years for households ages 25 and under earning $200,000 …

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Where High-Earning Households Are Moving – 2024 Study

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Oct 22, 2024 · With this in mind, SmartAsset examined the latest IRS data to find where households earning $200,000 annually or more are moving. ... North Carolina and South …

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10 States That High Earners Are Moving To The Most

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Aug 22, 2024 · Net inflow of high-earning households: 8,260; Number of $200,000-plus households moved in: 25,931; Number of $200,000-plus households moved out: 17,671; …

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Where In The U.S. Does Middle-Class Income Stretch The Furthest?

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Jan 28, 2025 · National Overview: The average middle-class family in the U.S. has $21,939 in available income after covering essential expenses, with housing, childcare, and healthcare as …

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Household Net Worth Is Highest In These States – 2025 Study

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Nearly 60% of households in the U.S. have a net worth of $100,000 or more after accounting for debts, with 29.2% having a net

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FAQs about Where High-Earning Households Are Moving – 2024 Study Coupon?

Why are high income families moving to different states?

With record-high inflation and increased cost of living, high income families are opting out of paying higher taxes and moving to different states. Florida and Texas are among the top two states with the largest influx of wealthy families. The Census Bureau found that about 12% of families in the US make $200,000 or more annually. ...

Where are America's high-wage earners migrating?

America’s high wage earners — those whose tax returns show an income of $200,000 or more — are migrating primarily to states in the nation’s Sunbelt region. A recent analysis from the personal finance website SmartAsset shows the Sunbelt boasts six of the top 10 states with the largest influx of high-wage households. ...

Which states have high earners?

The high-earning population is growing in the Southeast, including in Florida, North Carolina, South Carolina, Tennessee, Georgia, Alabama and Arkansas. High earners are leaving Washington D.C. at a fast pace. The nation’s capital lost a net total of 2,009 high-earning households between 2020 and 2021. ...

Which states have a net outflow of high-income families?

California’s net outflow of high-income families grew at 40%, compared to the previous year. Northeastern states lost high-earning households. New Jersey, Massachusetts, New York, and Pennsylvania experienced a net outflow of households making $200k or more. Wealthy families are leaving Washington D.C. ...

How does a high-earning American household affect taxes?

Despite cost of living challenges, the number of high-earning American households continues to grow. In 2021, 8.68 million tax returns indicated annual earnings exceeding $200,000 – up from 8.57 million returns just a year earlier. The migration of these high-earning households can have significant effects on a state’s tax base and finances. ...

How much money do high-income families make a year?

The Census Bureau found that about 12% of families in the US make $200,000 or more annually. The migration of high-income households can significantly impact a state’s tax base and finances. SmartAsset, a personal finance site, analyzed the migration patterns of households in the US making $200,000 or above. ...