10 States Where Wealthy Generation Xers Are Relocating

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Editor’s Note: This article first appeared on SmartAsset.com

According to a report published by the National Association of Realtors in 2021, Gen Xers account for 24% of homebuyers from the previous year, the highest percentage of any generation during that time period.With a median income of 113300 in 2021, the age group is also the highest-earning generation among all other homebuyers, according to the report.Having a higher income allows you to invest more money and plan for retirement more effectively.In recent years, some states have attracted more high-earning Gen Xers, according to a new SmartAsset study that analyzed data to identify the top states where Gen Xers earning at least $100,000 per year are relocating.

We looked at inflows and outflows of Gen Xers earning at least $100,000 in each of the 50 states and the District of Columbia for this study.Check out the Data and Methodology section at the end for more information on our data sources and how we put everything together to create our final rankings.

This is the SmartAssets 2021 edition of our study on the whereabouts of wealthy Gen Xers.Here’s the link to the 2021 version.

Florida is a state in the United States

Pensacola Florida

Shutterstock/Matt Buikema

From 2021 to 2021, Florida gained a net of 9529 Gen X residents earning at least $100,000 per year.The largest influx came from people aged 45 to 54 who earned between $100,000 and $200,000 per year. During that time, 7772 people in that demographic moved to Florida.

Texas is a state in the United States

Midland, Texas skyline

Shutterstock, NaturallyKristina

From 2021 to 2021, Texas gained a total of 7133 well-paid Gen Xers.A total of 24340 Gen Xers with incomes of at least $100,000 moved to the state, while 17207 left.

North Carolina is a state in the United States.

Kevin M. (Kevin M.)courtesy of McCarthy Shutterstock

During the years 2021-2021, more than 8000 wealthy Gen Xers left North Carolina, while 11189 moved in.For that time period, the state saw a net in-migration of 3121 Gen Xers.

Arizona is a state in the United States

Scottsdale, Arizona

Shutterstock/Ray Redstone

During the time period we studied, Arizona attracted 8482 new wealthy Gen Xers, while 5556 left.From 2021 to 2021, the state gained a net of 2926 Gen Xers earning at least $100,000 per year.

South Carolina is a state in the United States.

Mount Pleasant, South Carolina

Shutterstock/Kevin Ruck

From 2021 to 2021, South Carolina gained a total of 2301 wealthy Gen Xers.The influx of Gen Xers earning at least $100,000 but less than $200,000 per year was the largest.

Tennessee is a state in the United States

Chattanooga, Tennessee

Shutterstock/Kevin Ruck

Between 2021 and 2021, the Volunteer State gained 6854 Gen Xers with annual earnings of $100,000 or more, while 4671 Gen Xers left the state.Tennessee now has a net gain of 2183 for the time period.

Idaho is a state in the United States

Homes on Bear Lake in Idaho

Shutterstock/Chase-Karli Willden

Idaho is one of the five states in our top ten that are located in the West. 7From 2021 to 2021, it gained a net of 1573 wealthy Gen Xers.There were 2743 inflows and 1170 outflows in the state.

Colorado is a state in the United States

Boulder, Colorado

Shutterstock’s randy andy

In 2021-2021, Colorado attracted 8810 well-off Gen X residents, while 7458 left.As a result, the state has gained 1352 wealthy members of the generation that came after the baby boomers.

Washington, D.C.

Bellevue, Washington

Shutterstock user mandritoiu

People earning between $100,000 and $200,000 in Washington accounted for the largest increase in wealthy Gen Xers from 2021 to 2021.There was a net increase of 1287 residents in this age group and income bracket.

Nevada is a state in the United States

Reno, Nevada

Shutterstock/Don Mammoser

Nevada is the No. 1 state.With a net migration of 1196 Gen Xers earning at least $100,000 in 2021-2021, we ranked 10th in our study.In this demographic, there were 4278 inflows and 3082 outflows in the state.

Methodology and Data

Shutterstock/Nick Starichenko

We looked at data from all 50 states plus the District of Columbia to see where wealthy Generation X members are moving.Individuals aged 35 to 54 with adjusted gross incomes of $100,000 or more were classified as wealthy Gen Xers.We focused on the following two metrics in particular.

  • influx of well-to-do Generation XersThis is the number of people aged 35 to 54 who moved to the state with an adjusted gross income of at least $100,000.The information comes from the Internal Revenue Service and is for the fiscal year 2021-2021.
  • Rich Gen Xers are leaving the country in droves.This is the number of people aged 35 to 54 who moved out of the state with an adjusted gross income of at least $100,000.The information comes from the Internal Revenue Service and is for the fiscal year 2021-2021.

To calculate each state’s net inflow, we subtracted the outflow from the inflow of wealthy Gen Xers.From the highest net inflow of Gen Xers to the lowest net inflow of Gen Xers, we ranked the states.

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