WealthExodus

MAPPING U.S. MILLIONAIRE MIGRATION: HWNIS INFLOWS AND OUTFLOWS BY STATE.

102.6K

133.0K

Florida133,000
California102,600
New York61,400
Texas36,000
Illinois27,700
North Carolina26,300
South Carolina21,100
Massachusetts17,100
Arizona16,400
New Jersey15,800
Nevada13,200
Tennessee12,500
Connecticut12,500
Maryland8,700
Minnesota7,300
Virginia6,700
Georgia6,400
Idaho5,700
Oregon5,200
Colorado5,000
Pennsylvania4,700
Utah4,300
Washington4,200
Ohio4,000
Michigan3,600
Montana3,500
Hawaii3,300
Wyoming2,900
District of Columbia2,600
New Hampshire2,200
Louisiana2,100
South Dakota2,000
Alabama1,500
Maine1,500
Wisconsin1,200
Rhode Island900
Alaska900
Indiana900
Arkansas900
Vermont800
West Virginia800
Delaware800
Iowa800
Mississippi700
Oklahoma700
Kentucky600
Nebraska500
New Mexico500
North Dakota0
Kansas0
Missouri0

✧ 2023–2026 figures are projections derived from the same methodology and should be interpreted as forecasts. For more details, read the methodology below.

News & Research

JAN 2026

NEWS

Exodus: The Largest Wealth Flight in American History

From 2020 to 2024, Americans worth over 500 billion relocated between states, fleeing high-tax jurisdictions for states with lower taxes and more economic freedom. Florida, Texas, and Nevada emerged as the top destinations while California, New York, and Illinois experienced the largest outflows.

JAN 2026

RESEARCH

U.S. Wealth Migration Methodology: How We Built the Dataset

A detailed look at how we compiled data from IRS migration statistics, Federal Reserve wealth estimates, and state tax records to map the movement of high-net-worth individuals across U.S. states from 2018 to 2022.

News & Research

JAN 2026

NEWS

Exodus: The Largest Wealth Flight in American History

JAN 2026

RESEARCH