In fact, just 12% of U.S. households earn $200,000 or more annually, according to Census Bureau data.
Recently, even high-earning families seem to be flocking to lower-cost states, especially in the South.
Florida lost 12,567 high-earning households during the same period, bringing its net migration to 27,567 households.
Five of the 10 states that saw the largest net migration of high earners are in the South.
Here's a look at the 10 most-popular states high earners flocked to between 2020 and 2021.
Persons:
It's
Organizations:
Sunshine State, IRS
Locations:
U.S, Florida, Southern