Moving trends can say a lot about an area and the demographics within. Where wealthy Gen Xers flock to can help identify factors most important to buyers that age. SmartAsset analyzed IRS data to find the states attracting the most people between the ages of 35 and 54 who reported $100,000 or more on their 2017-2018 tax filings. The South is highly attractive, with five Southern cities topping the list. On the other hand, the Northeast was found to have the highest amount of wealthy Gen Xers leaving. Which states made the list? Read more to find out.
1. Florida
Though Gen Xers haven’t quite made it to retirement age yet, it seems a lot of them are getting a head start on their way to the retirement-friendly Sunshine State. The net migration of rich Gen Xers to Florida from 2017 to 2018 was 9,283. That includes a total inflow of 22,321, more than 7,000 of whom earned at least $200,000.
2. Texas
The net migration of rich Gen Xers to Texas in 2017-2018 was 5,717. The total inflow of tax filers ages 35 to 54 making at least $100,000 was 23,092, which is actually the highest total inflow in our study. The total outflow of this demographic from Texas during this time period was 17,375.
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