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- Wealthy Gen Xers making over $100,000 per year are moving to states like Florida, Texas and North Carolina.
- Gen Xers are leaving the northeast and the Midwest.
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Wealthy Gen Xers are ready for a change of scenery.
A study by SmartAsset looks at where members of Gen X moved between 2015 and 2016. It seems that New England, the northeast, and the midwest are seeing Gen Xers leaving. Many are flocking to the southeast, presumably to take advantage of lower costs of living and sunny weather. New York and Illinois and saw the biggest net losses of Gen Xers.
The study looked at IRS data that shows moving trends of Gen Xers, defined as those between ages 35 and 54. Only Gen Xers who have a gross income of over $100,000 per year were included.
Here are the top 13 states that recently saw an influx of wealthy Gen Xers.
13. Montana
Bureau of Land Management/Flickr/Attribution License
Those who like the rural lifestyle can get lots of space affordably in Montana.
Number of Gen Xers who moved there: 1,123
Number of Gen Xers who moved out: 675
Net migration: 448
12. Utah
Provo City/Facebook
From urban Provo and Salt Lake City to five National Parks, Utah balances city living with natural wonders.
Number of Gen Xers who moved there: 2,705
Number of Gen Xers who moved out: 2,045
Net migration: 660
11. Idaho
Century 21 Eagle Rock Real Estate/YouTube
Idaho’s state capital, Boise, offers an affordable urban experience.
Number of Gen Xers who moved there: 1,872
Number of Gen Xers who moved out: 1,088
Net migration: 748
See the rest of the story at Business Insider
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Source: Business Insider – feedback@businessinsider.com (Liz Knueven)