Boots & Sabers

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0721, 07 Oct 22

High Earning Young Professionals Flee NY and CA for TX and FL

Not shocking

survey conducted by SmartAsset tracked the movement of so-called “rich young professionals,” which it described as anyone under 35 earning an adjusted gross income of at least $100,000.

SmartAsset determined the inflow and outflow of rich young professionals in all 50 states and the District of Columbia by using Internal Revenue Service data to compare tax returns from 2019 and 2020.


It seems young professionals are most eager to leave New York. With a net outflow of 15,788, this state had the highest number of individuals leaving by a significant margin. With a net outflow of 7,960, California also appears to be losing allure for rich young professionals.

This survey measured raw numbers, so of course the states with large populations float to the top. But the lessons should be heeded by Wisconsin. High-earning young professionals are gold for a state economy and culture. Wisconsin should work to attract them. Wisconsin has some wonderful natural attractions, but the tax burden and winters work against it. Wisconsin can’t do anything about the winters, but they can do something about the tax burden.

End the income tax. Reform K-12 education so that young professionals want to educate their kids here. Get crime under control. The recipe is easy, but Wisconsin needs to get cooking.


0721, 07 October 2022


  1. Jason

    Unfortunately, they’re most likely to be extreme liberals hitched to the policies of fools like AOC and Sanders. Which means they will bring their problems with them to the states they are moving to. If enough of them move to FL and TX, that could change the disposition. What will follow? Higher taxes, higher crime, higher rent and prices, higher costs for everything. It’s plain as day to the smart citizens, the ones that bring up the “Average IQ of the nation”, but unfortunately, completely lost on these lower-halfs, that voting for these extreme liberals is the proximate cause of their troubles.

  2. jonnyv

    I am interested to see the incoming numbers in TX. I know a LOT of the SanFran tech people moved to the Austin area. That region is still blowing up. My cousin and her bf just moved down there cause he got a job at AMD designing computer chips.

    And I KNOW the FL influx is already mostly dead. We have 10 offices down there and work with real estate. So I hear about a lot of the numbers for real estate. We are seeing the housing market just come to a screeching halt in FL.

  3. Mar

    Well, Johnny, how recently? If it’s been the last year or soso, you can blame Bidenflation and subsequent interest rate hikes.
    Where I live, we have been getting a ton of California transplants, which is not a good thing.
    But the migration has slowed down significantly since interest rates have gone. One home construction company is sitting on over 50 houses that they cannot sell now.
    There are unfinished homes just sitting there.
    So, as far as I am concerned, it’s a good thing that the Bidenflation is slowing down the migration of Californians to our fair city, but that’s the only good thing to Bidenflation.

  4. Mar

    Here in Arizona, President Trump has started their advertising.
    Vicious against the the Democrats.
    Very nice

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