Florida welcomes most high-earning households in US

The competition of net gain of tax filers compared to other states wasn't even close.

By Business Observer Staff
| 5:00 a.m. September 16, 2022
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Florida was above and beyond the competition when it came to drawing in a large net gain of high-income earners between 2019 and 2020. (Via SmartAsset)

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From the sunshine and beaches to the absence of state income tax, Florida is no secret to financially well-off people in the other 49 states. A recent study proves just that.

The study, recently released by data firm SmartAsset, identifies where the majority of high-earning residents are moving to and out of within the country. Florida saw the most migration.

The study covered households that make over $200,000 a year, given their contribution can have a significant impact on the state they leave. SmartAsset looked at the flow of tax filers for each state between 2019 and 2020.