//Wealthy millennials are transferring to those states: Report

Wealthy millennials are transferring to those states: Report

Rich millennials look like moving to the Pacific Northwest, in response to a latest report.

On Wednesday, SmartAsset printed a examine that discovered the place wealthy millennials are transferring. Washington state was on the high of the record, with Oregon additionally among the many high 10.

SmartAsset outlined rich millennials as adults youthful than 35 with not less than $100,000 in adjusted gross revenue.

In keeping with the report, millennials are more likely to move than different generations. Nonetheless, rich millennials should not kind of prone 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 newest information obtainable from the IRS.

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

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

The state from the place probably the most wealthy millennials are leaving is New York, in response to SmartAsset. The state misplaced a web 5,533 wealthy millennials from 2017 to 2018.

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Listed here are the 10 states the place probably the most wealthy millennials are transferring, in response to 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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