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These States are Attracting High-Earning Households

High-earning households are heading out of New York and California.

By Kristen Smithberg | August 20, 2024 at 04:20 AM

High-earning households are moving away from New York and California to markets including Florida, Texas, the Carolinas and even Wyoming. This is according to a SmartAsset examination of the latest IRS data to find where households earning $200,000 or more per year are moving and taking their money with them.

According to the study, Florida gained nearly 30,000 high-income households, topping the list of destinations where high-income households are moving. Texas ranked second with more than 8,200 new high-earning households. North Carolina and South Carolina ranked third and fourth for most, with a net gain of 5,792 and 5,270 households, respectively. The average household income of those households moving in is $456,000 for North Carolina and $501,000 for South Carolina.

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