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☆ People making $200,000 or more are flocking to these 10 states: Florida is No. 1
▼ + stars: | 2024-08-12 | by ( Jade Thomas | ) www.cnbc.com time to read: +2 min

Florida had the biggest net gain of high-earning households, according to a recent SmartAsset study . Using $200,000 of adjusted gross income as a threshold, the study examined the number of high-income households moving into and out of each state to determine the net inflow. More high-income households have left California and New York than moved in, but some states saw the opposite. "I would say that's a little unique, that these smaller-population states are really pulling their weight in attracting or pulling above their weight in attracting high-earning households," DeJohn says. Here are the states that saw the biggest net inflow of high-earning households:

Persons: SmartAsset, Jaclyn DeJohn, SmartAsset's, DeJohn, David Tinsley, Charlie Dougherty, Dougherty, There's Organizations: New Hampshire —, Bank of America Institute, Wells, Wells Fargo Economics Group Locations: North, South Carolina, Arizona . Florida, California, New York, Florida , Texas , Tennessee , Nevada, New Hampshire, Southern, Wells Fargo, Texas, Florida, Area, Los Angeles, Portland, Seattle, Austin, , Texas, United States, Tinsley

☆ New Yorkers who make six figures won't save as much moving to Texas and Florida anymore
▼ + stars: | 2024-03-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

New Yorkers have historically moved to Florida and Texas to save money on taxes and other expenses. AdvertisementIn December, Rahul Sen Sharma told Business Insider that he was moving from New York to Miami — and bringing his company with him. New Yorkers moving to Texas for many of the same reasons will also face sticker shock. The savings gained by moving to Florida and Texas are dwindlingUtilities, gas, and housing are just a few expenses that have gotten pricier in Florida and Texas since 2019. "The property-tax percentage rate is higher," Marie Bailey, a Texas real-estate agent who moved from California, told Business Insider's Alcynna Lloyd.

Persons: —, Rahul Sen Sharma, Sen Sharma, BI's Phil Rosen, Jeff Bezos, Ken Griffin, SmartAsset, Dallas, Alexander Spatari, Realtor.com, Jaclyn DeJohn, SmartAsset's, Wager, Robert Walsh, Marie Bailey, Insider's Alcynna Lloyd Organizations: Service, Miami —, Bloomberg ., New, Miami, relocators, Miami . Miami Beach, Bloomberg, Business, Sunshine State, CBS, Fort Locations: Florida, Texas, New York, Miami, NYC, Austin, Florida and Texas, Dallas, Miami ., Manhattan, Fort Lauderdale , Florida, Fort Lauderdale, California

☆ 10 cities where millennials are moving
▼ + stars: | 2023-11-27 | by ( Noah Sheidlower | Jordan Pandy | ) www.businessinsider.com time to read: +5 min

One in four millennials moved to a different city in 2022, many for work or cost of living concerns. Nearly 17,300 millennials relocated to Cambridge in 2022, bringing the total percentage of millennials to 38% of the total population. Seattle and Sunnyvale, California, also saw comparable moves, as millennials who moved in 2022 made up about 12.5% of the total population for both cities. When looking at the top cities by percentage of total millennials compared to the total population, Jersey City, New Jersey, ranked first at 41.5%, followed by Seattle, Denver, and Austin. However, Port St. Lucie in Florida had the lowest rate of millennials moving in compared to the total population at 4.8%, followed by Brockton, Massachusetts.

Persons: —, Jaclyn DeJohn, millennials, Millennials, DeJohn, SmartAsset, Gen Xers Organizations: Cambridge, Service, Survey, Business, Harvard University, Massachusetts Institute of Technology, Intel, Nvidia, Lone Star State, Waco, Fort Hood, Fontana Locations: Santa Clara , CA, Seattle, Cambridge , Massachusetts, Santa Clara , California, Boston, Cambridge, Santa Clara, Silicon Valley, Santa Clara's, Georgia, Sandy Springs, Sunnyvale , California, Denver, Bellevue , Washington, Arlington , Virginia, millennials . Arlington, Hialeah , Florida, Arlington, Killeen , Texas, Austin, Jersey City , New Jersey, Port St, Lucie, Florida, Brockton , Massachusetts, Cities, California, Santa Ana, Moreno, Surprise , Arizona, Bend , Oregon, Scottsdale , Arizona, Orlando . Florida

☆ This Montana college town ranks No. 1 as the most fun city for young people—what it's like to live there
▼ + stars: | 2023-09-21 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +5 min

The metro area around Missoula, Montana, ranked No. Tucked away in western Montana is America's most fun city for young adults. "There are so many big names, it doesn't make sense for how big the area is," Tong says. Don't miss: These are the top 10 states for young workers to find jobs, live affordably and have funMissoula ranks No. Tong says one big misconception of living in Missoula is that college students are everywhere, but she hasn't found that to be the case.

Persons: DeJohn, Jaclyn DeJohn, Sturgell, Tong, Brandon Sturgell, Summer Tong, Bon Iver, Jimmy Eat, Elton John, hasn't, we've Organizations: University of Montana's, MIT, Wilma Theatre downtown, Missoula, CNBC Locations: Missoula, Missoula , Montana, Montana, U.S, Tulsa, Okla, Mont, Portland ,, Denver

☆ This is the state with the highest share of young, rich workers—it isn't New York or California
▼ + stars: | 2023-09-08 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +1 min

Young, rich Americans are leaving places like New York and California for more affordable living in Florida and Texas. But to find the highest concentration of wealthy young people, Washington is the place to be. The state just edges out California, where 10% of high-earners are young professionals. New York, Massachusetts and New Jersey also have high rates of high-earning young people. Washington's young and wealthy demographic is buoyed by Seattle, where early-career workers can earn a lot in the high-paying tech and health care sectors.

Persons: Young, Jaclyn DeJohn, SmartAsset's, DeJohn Organizations: U.S, Washington Locations: New York, California, Florida and Texas, Washington, New York , Massachusetts, New Jersey, Seattle, U.S, Manhattan, San Francisco

☆ Young, rich workers are fleeing New York and California—here's where they're going
▼ + stars: | 2023-08-27 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +1 min

Florida might be known as a retirement destination, but it's attracting plenty of young — and wealthy — newcomers. 1 state bringing in and keeping the young and rich, according to a recent analysis from SmartAsset, which ranked states based on net migration. 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 (over 2,000 taxpayers), resulting in a net migration of 1,909.

Persons: —, Jaclyn DeJohn, SmartAsset's Organizations: SmartAsset, Lone Star State Locations: Florida, , Texas, California, U.S, New Jersey

☆ This map shows how much you need to make to be in the top 1% in every state
▼ + stars: | 2023-07-14 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +3 min

You need to make over $650,000 to be considered in the top 1%, according to new data. Most states had a higher income floor this year than last year, though New York stayed stagnant. New data released Thursday from financial information company SmartAsset broke down how much money people need to make to be among the top 1% of highest earners in each state. This map shows how much you need to make in each state to break into this elite demographic. A news release from the Bureau of Labor Statistics on Wednesday further revealed real average hourly earnings rose by 0.2% month over month in June.

Persons: SmartAsset, Jaclyn DeJohn, SmartAsset's, Charles Schwab Organizations: Service, IRS, of Labor Statistics, Congressional, Office, Bloomberg, Bureau of Labor Statistics, Logica Research Locations: Connecticut , Massachusetts, California, New York, Wall, Silicon, Connecticut, West Virginia, Massachusetts, Northeast

☆ These are the top 3 cities for new grads to launch their lives and careers: 'I can afford the house I want and the life I want'
▼ + stars: | 2023-05-15 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +9 min

1 best metro area for new grads in 2023 is the area surrounding Lubbock, Texas. Data is one thing, but what is it actually like to be a young person living in these areas? "Other cities did great in one or two areas max, but Lubbock offers the whole package," DeJohn says. Many of the clients Douglas works with are young homebuyers around her age and just out of college or grad school. "Here, I know I can afford the house I want and the life I want," she adds.

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