//Wealthy millennials are shifting to those states: Report

Wealthy millennials are shifting to those states: Report

Rich millennials seem like moving to the Pacific Northwest, in line with a latest report.

On Wednesday, SmartAsset printed a research that discovered the place wealthy millennials are shifting. Washington state was on the prime of the listing, with Oregon additionally among the many prime 10.

SmartAsset outlined rich millennials as adults youthful than 35 with at the least $100,000 in adjusted gross earnings.

In response to the report, millennials are more likely to move than different generations. Nevertheless, rich millennials should not kind of more likely to transfer than different millennials, SmartAsset reported.

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For its report, the corporate analyzed the variety of wealthy millennials who moved into every state and the variety of millennials who moved out of every state from 2017 to 2018, which is the latest information obtainable from the IRS.

Millennials usually tend to transfer than different generations, in line with SmartAsset. (iStock)

Among the many top-10 states the place millennials are shifting, 5 states are within the West and 4 are within the South. The opposite state on the highest listing is New Jersey.

The state from the place essentially the most wealthy millennials are leaving is New York, in line with SmartAsset. The state misplaced a internet 5,533 wealthy millennials from 2017 to 2018.

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Listed below are the 10 states the place essentially the most wealthy millennials are shifting, in line with SmartAsset.

10. Tennessee

9. Arizona

8. Idaho

7. Oregon

6. New Jersey

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5. North Carolina

4. Florida

3. Texas

2. Colorado

1. Washington

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