Study: Young Wealthy Professionals Flee NY, CA, DC
View Source | October 8, 2022 9:14 am
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- A recent study by Smart Asset found that people under 35 years old with a minimum adjusted gross income of $100,000 are moving out of New York, California, and Washington, D.C.
- Between 2019 and 2020, New York saw the most wealthy young people move away, with a net outflow of 15,788 professionals, while in California, the net outflow of these young professionals totaled 7,960.
- Proportional to population size, Washington, D.C., had the most wealthy young people leave.
- Texas and Florida are the most popular spots for financially successful young people to move.
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