I am really hoping these mentally unstable Californians don't come to florida .......there is enough cunts here already........ and it's full of cunts we do not need more cunts ....... its already the cunt capital .......south flodida that is .....its a sandbar of servile ........ignorant ....repugnant .....low life .....dirtbags...........let them go to hawaii......or somewhere apart form here we do not need more fucking fuckers .....here .just saying !!!!!!!!!
Young professionals who make more than $100,000 are fleeing California and New York, and the prices that go with them.
As the cost of living continues to climb, these young adults who once fled the nest are now returning home to roost, according to a study done by SmartAsset. In fact, analysis by the Census Bureau and Harvard University earlier this year found that 80% of young adults now live less than 100 miles from where they grew up.
Looking at adults under 35 who earn $100,000-plus per year, SmartAsset examined the inflow and outflow of wealthy young professionals from state to state between 2019 and 2020: Where did they leave? And where did they go?
It’s time to pull up the map app and take a closer look.
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In 2019-2020, Texas ranked the most popular destination. Roughly 15,000 came into the state and only about 11,200 left for a net inflow of about 3,800, according to SmartAsset.
The Lone Star State benefits from the lack of income tax. Instead, Texas relies on high sales and use taxes, and property taxes, to pick up the revenue slack. In fiscal 2019, 26.6% of the state’s net revenue came from the $34 billion collected from sales taxes alone.
Which means high earners definitely have good reason to weigh the income tax advantages and tradeoffs in this state.
Coming in second was Florida, which also boasts no income tax. The state experienced a 3,400 net inflow of wealthy young professionals, according to SmartAsset. And just like Texas, Florida has a moderate sales tax of 6%. California’s is 7.25%, while New York’s is 4% but in combination with city taxes comes out to 4.5%.
True, counties in Florida can levy a discretionary sales surtax of between 0.5% and 1.5%. However, for many years now, Florida has maintained one of the lowest tax burdens in the country.
Washington state’s net inflow of 3,400 young professionals met a mixed economic reality: no income taxes, high sales taxes (6.5% plus local levies); overall affordability but sky-high housing costs in hot metro areas like Seattle.
As the influx continues, Washington now hosts the fourth highest percentage of millennials of any state, according to WalletHub. The state also finished tops in the United States on a composite score that factored in affordability, quality of life, education and economic health.
Colorado saw a net inflow of 2,641, with relatively few wealthy young professionals leaving the state — just shy of 4,700. Millennials make up the largest proportion of the population as of 2022. Again, this revolves around overall quality of life, with affordability also a factor.
The Centennial State also beckons with promising job opportunities (especially in Boulder, a high-tech hotbed), pleasant weather and plentiful options for outdoor activities. These points came into sharp focus during the pandemic as millennials searched for a better quality of life.
While more Americans came to New Jersey than Colorado, more left as well, which explains why it placed fifth. About 2,500 wealthy young professionals moved to New Jersey during the time period covered by the study.
In this case the answer as to why New Jersey seems clear: If you want a glitzy Manhattan job, great wages and plentiful opportunities without the Big Apple prices, New Jersey is your place.
Many South Jersey communities also boast much shorter commutes to Philadelphia than Chicago suburbs do to the Loop. And it’s an easy commute across the Hudson or Delaware River to find affordable housing.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.