While some of this cohort moved out of Florida during this time frame, many more moved in, creating a net influx of 20,263 high-income households. That’s nearly four times the number of high-rollers the second most popular place attracted: Texas, which saw a net migration rate of 5,356 households.
Like Florida, Texas has warm weather and no state income tax. In fact, the majority of the top 10 states high-earners moved to are in the Sunbelt. And two others on the list—Tennessee and Nevada—also don’t have a state income tax. Both trends indicate that these high-earning migrants were looking for a more affordable cost of living.
Take a look at the top 10 list below, which includes net migration figures: