Wealthy Millennials Are Now Moving To These States

Posted By on June 13, 2019

This makes sense, until a big earthquake hits the U.S. west coast.

According to a new SmartAsset study, wealthy millennials are moving to the coasts, but the Northeast isn’t one of them. We defined millennials as people under the age of 35 and looked specifically at millennials with adjusted gross incomes (AGI) of at least $100,000.

States People Moving To

To determine migration flows of wealthy millennials, SmartAsset examined data (IRS 2015 to 2016 tax year) from all 50 states and the District of Columbia. To calculate net inflow of each state, the study used inflow minus the outflow of wealthy millennials to find precisely which states wealthy millennials are moving to.

Seventy percent of the states in the top ten list of where wealthy millennials are moving to are located on the East and West Coast. With Texas on the Gulf Coast, and Colorado and Tennessee in the Heartland.

Sources: ZeroHedge.com

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