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America's Rich Gen Zers Are Moving To One State In Particular | Digg

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America's Rich Gen Zers Are Moving To One State In Particular

America's Rich Gen Zers Are Moving To One State In Particular
More than half of the country's states lost wealthy Gen Z households to emigration in 2022.
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When it comes to wealthy Americans' favorite places to live, the young and millennial cohorts have chosen Florida and Texas over anywhere else in the US β€” but the country's affluent Gen Zers are after something different.

To find out where in the US is most popular with rich Gen Z Americans, SmartAsset analyzed IRS data for the 2021 and 2022 tax years and ranked the US states based on the net inflow of households aged under 26 with incomes of $200,000 or more.

New York gained by far the most wealthy Gen Zers overall, with a net inflow of 773 qualifying households. In second and third place were Florida and Tennessee, who welcomed 89 and 33 high-earning Gen Z households, respectively.

With a net loss of 80, Illinois said goodbye to more wealthy Gen Z households than anywhere else in the country. Washington (-78) and Massachusetts (-76) followed closely behind.

A handful of states β€” including Montana, South Dakota, North Dakota and Alaska β€” saw no movement of rich Gen Zers at all.




Via SmartAsset.

[Image credit: Daryan Shamkhali]

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