Young and wealthy Californians leaving the region for other states, study says

A recent study reveals that young and affluent residents are leaving California, New York, and Illinois, with Florida and Texas being the top destinations for relocation among this demographic.

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Relevant topic timeline:

8/24/2023

Wealthy millennials are flocking to Florida and Texas—and no one wants to live in New York or California

High-earning millennials are flocking to Florida and Texas, as these states with no income tax are the top destinations for young professionals earning at least $200,000 a year, while New York and California experience the biggest net losses in this demographic.

8/27/2023

Young, rich workers are fleeing New York and California—here's where they're going

Florida is the top state attracting and retaining young, wealthy professionals, followed by Texas and New Jersey, according to a study by SmartAsset.

9/17/2023

California Exodus: Soaring Home Prices and Congestion Push Californians to Texas for Affordable Housing and Conservative Values

The high cost of living, diminishing air quality, and political climate have driven nearly 108,000 people to migrate from California to Texas in 2021, where they find more affordable housing, better work-life balance, and a more politically tolerant environment.