Wealthy Americans Are Fleeing From These 10 States

Many wealthy Americans are self-employed business owners who have the freedom to live wherever they choose — especially in an increasingly digital world. If they’re not tethered to a particular place, these Americans can choose to relocate for business incentives, tax benefits or simply for a better quality of life.

To find the states wealthy Americans — defined as households earning $200,000 annually or more — are leaving, SmartAsset examined the latest IRS data. Here are the top places the wealthy are moving out of.

• Net inflow of high-earning households: -24,670
• Number of $200K+ households moved in: 24,205
• Number of $200K+ households moved out: 48,875

• Net inflow of high-earning households: -12,040
• Number of $200K+ households moved in: 17,829
• Number of $200K+ households moved out: 29,869

• Net inflow of high-earning households: -9,292
• Number of $200K+ households moved in: 7,071
• Number of $200K+ households moved out: 16,363

• Net inflow of high-earning households: -4,392
• Number of $200K+ households moved in: 7,418
• Number of $200K+ households moved out: 11,810

• Net inflow of high-earning households: -3,863
• Number of $200K+ households moved in: 11,798
• Number of $200K+ households moved out: 15,661

• Net inflow of high-earning households: -2,417
• Number of $200K+ households moved in: 8,533
• Number of $200K+ households moved out: 10,950

• Net inflow of high-earning households: -2,375
• Number of $200K+ households moved in: 6,300
• Number of $200K+ households moved out: 8,675

• Net inflow of high-earning households: -2,375
• Number of $200K+ households moved in: 10,316
• Number of $200K+ households moved out: 12,691

• Net inflow of high-earning households: -1,784
• Number of $200K+ households moved in: 3,145
• Number of $200K+ households moved out: 4,929

• Net inflow of high-earning households: -1,579
• Number of $200K+ households moved in: 11,814
• Number of $200K+ households moved out: 13,393

Data is sourced from SmartAsset and is accurate as of July 30, 2024.