October 12, 2024

Americans who earn more than $200,000 have flocked to states concentrated in one region of the U.S.
Advertising Disclosure
Americans appear to be fleeing the taxman. As we reported in early 2022, many people are fleeing high-tax states for low-tax havens.
Recently, financial website SmartAsset looked at inflow and outflow patterns of tax filers who made at least $200,000 between 2019 and 2020. It found that wealthy people primarily are moving to states that have low or no state income taxes — and happen to be concentrated in the Sun Belt.
Following are the states that have attracted the biggest numbers of new residents who make at least $200,000 annually.
State’s net gain of high-earning households: 20,263
Everybody wants to move to Florida these days. That fact has caused housing values to explode.
Sunshine State cities make up six of the “20 Housing Markets Overvalued by More Than 50%.”
State’s net gain of high-earning households: 5,356
Nobody ever does anything small in Texas, so people with big incomes should feel welcome here. Even foreign homebuyers can’t get enough of the Lone Star State.
State’s net gain of high-earning households: 5,268
Wealthy folks clearly gravitate toward warmer climes, as Arizona is the third state with temperate weather to make this list.
The state’s biggest city — Phoenix — also made the list of “10 Cities Where Remote Workers Drove Up Home Prices.”
Other states that round out the top 10 of those with the largest net gains in wealthy residents are:
Planning to buy a home of your own in a new state? Stop by the Money Talks News Solutions Center and search for a great mortgage rate.
Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.
  Like Article   Add a Comment
Simple ways to make, save, and grow your money daily:
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Every week our podcasts bring you lively money discussions that will give you a few laughs along with advice that will make you richer.
Money with Stacy Johnson
Listen/Subscribe
Some of our favorite stories for you to read next.
Join our free newsletter subscribers building wealth and destroying debt:
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Do Not Sell My Personal Information
© 2022 Money Talks News. All Rights Reserved.
‭1 (833) 669-8557 | 1732 1st Ave #26661, New York, NY 10128

Advertising Disclosure: This site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.
Help us produce more money-saving articles and videos by subscribing to a membership.
Get Started
Help us produce more money-saving articles and videos by subscribing to a membership.
Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.
Please enable JavaScript to view comments.
Join happy subscribers and sign up for our free newsletter! You’ll get:
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

source

About Author