This state might be known as a retirement destination, but it’s attracting plenty of young — and wealthy — newcomers.
Florida might be known as a retirement destination, but it's attracting plenty of young — and wealthy — newcomers. Florida is the No. 1 state bringing in and keeping the young and rich, according toThe financial site determined the states netting the most young professionals, ages 26 to 35, who earn at least $200,000 per year in adjusted gross income, based on the most recent publicly available IRS numbers from 2021.
That year, some 3,391 high-earning young people moved to Florida; 1,216 left, leaving the state with a net migration of 2,175 wealthy young people, as determined by SmartAsset. In second place, Texas saw the second-largest wave of young and wealthy newcomers with 4,048 moving in over the course of a year. However, the Lone Star State also saw a large outflow of young wealthy people leaving , resulting in a net migration of 1,909.Sign up for NBC LA newsletters.
And in third-place New Jersey, while wealthy people of all ages generally left the state at a high rate, it also netted 1,048 new rich young professionals in the same year."This was the most dramatic reversal from the aggregate trends," Jaclyn DeJohn, SmartAsset's managing editor of economic analysis,States like Florida and Texas stand out to young wealthy people for a number of reasons, DeJohn tells CNBC Make It.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NFL preseason: How to watch today's New York Jets vs. New York Giants gameBig stars are back on the field for some seriously good Week 3 preseason football between the Jets and Giants.
Read more »
Tech Leaders Emerge Behind Plan to Build New City Near California Air BaseA group that’s spent nearly $1 billion to buy thousands of acres of land northeast of San Francisco plans new community with housing and clean energy.
Read more »
With coronavirus on the upswing in California, new vaccine coming sooner than expectedWith coronavirus transmission on the rise, the FDA said this year’s updated version of the COVID-19 vaccine is likely to come out by the middle of next month.
Read more »
Tech Billionaires Behind Secretive Plan for New California MetropolisA firm cloaked in mystery has bought up $800 million worth of land. Now the investors are unmasked.
Read more »
Valorant Revealed All-New California Map During VCT FinalsValorant fans got a taste of what's to come this afternoon as Riot Games unveiled a new California-based map coming to the game.
Read more »
Next Volkswagen California camper previewed with bigger interiorVolkswagen previewed the next-generation California camper with a close-to-production concept based on the Multivan.
Read more »