Rich millennials are fleeing California and New York for these sun-soaked states

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Rich millennials are fleeing California and New York for these sun-soaked states

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Thousands of wealthy millennials are abandoning California and New York for sunny states like Florida and Texas, a new study has revealed. SmartAsset, a personal finance company, analyzed 2021 and 2022 US tax return data to figure out the migration patterns of millennials, who are now in their late twenties to early forties. Southern states attracted by far the most millennial households who earn $200,000 or more - the IRS definition for high-income taxpayers - with nearly 6,200 of them moving to Florida and more than 5,100 relocating to Texas.
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