10 States Where High-Earning Generation Xers Are Moving

A Generation X couple making plans
Dmytro Zinkevych / Shutterstock.com

This story originally appeared on SmartAsset.

A decision to move can arise from various factors, such as landing a new job, wanting to start or grow a family, and desiring a favorable housing market.

And as a result of their particular needs, different age or income groups might also be attracted to specific locales. With that in mind, SmartAsset crunched the numbers to uncover where high-earning Gen Xers are moving. (This is SmartAsset’s 2020 edition of our study on where high-earning Generation Xers are moving. Check out the 2019 version here.)

We used IRS data to analyze the total inflows and outflows of people between ages 35 and 54 who reported earnings of at least $100,000 on their 2017-2018 tax filings. We looked at data from all 50 states plus the District of Columbia.

[ca-embed pcuid=”u9efb78020b6″]

We defined high-earning Generation Xers as individuals ages 35 to 54 who have adjusted gross incomes of $100,000 and above, and separately found the inflow of high-earning Generation Xers and the outflow of high-earning Generation Xers — the people who moved in or out of the state.

We subtracted the outflow from the inflow of high-earning Generation Xers to determine each state’s net inflow. We then ranked the states from highest net inflow of Generation Xers to lowest net inflow.

Following are the top states high-earning Gen Xers are relocating to.

10. Washington

Seattle
cdrin / Shutterstock.com

The net increase of high-earning Gen Xers into Washington state in 2017-2018 was 1,140.

Total inflow was 9,436 during that time, while outflow was 8,296.

9. Idaho

Idaho state capital building
Charles Knowles / Shutterstock.com

Between 2017 and 2018, there was a net increase of 1,428 Gen Xers earning at least $100,000 in the state of Idaho.

Idaho’s total inflow of these high-earning Gen Xers was 2,541, and outflow totaled 1,113.

8. Nevada

Las Vegas, Nevada
Kobby Dagan / Shutterstock.com

The net migration of high-earning Gen Xers to Nevada from 2017-2018 was 1,508. The biggest subgroup of people to move to Nevada were Gen Xers between the ages of 35 and 44 earning between $100,000 and $200,000 — 1,551 tax filers.

Furthermore, a total of 1,288 Gen Xers making $200,000 or more moved into the state during this time.

7. Colorado

Boulder, Colorado
randy andy / Shutterstock.com

The net migration of high-earning Gen Xers to Colorado was 2,067 between 2017 and 2018, with the inflow of this group consisting mostly of new residents ages 35-44.

Of the 5,291 tax filers in this age range that moved to the state, the majority — 3,652 — were making more than $100,000 but less than $200,000.

6. Tennessee

Nashville, Tennessee
jdross75 / Shutterstock.com

Tennessee’s population of high-earning Gen Xers increased by a net of 2,206 during 2017-2018. There were 6,718 new residents in this cohort, while 4,512 high-earning Gen Xers moved out of the state.

Of this total inflow, there were 868 Gen Xers ages 35-44 making at least $200,000 and 1,110 Gen Xers ages 45-54 in that income bracket. Furthermore, there were 2,512 Gen Xers ages 35-44 making between $100,000 and $200,000 and 2,228 Gen Xers ages 45-54 in that income bracket.

5. South Carolina

Charleston, South Carolina
Bf11photo / Shutterstock.com

The Palmetto State’s net migration of high-earning Gen Xers was 2,329 people during 2017-2018.

That includes more than 1,500 people of this generation who were making at least $200,000 during that time frame.

4. Arizona

Phoenix, Arizona
welcomia / Shutterstock.com

Arizona saw a net migration of 2,646 wealthy Gen Xers during 2017-2018.

The total inflow of high-earning Gen Xers was 8,140, while 5,494 high-earning Gen Xers moved out of Arizona during this time.

3. North Carolina

nature
Jill Lang / Shutterstock.com

North Carolina had a net increase of 3,385 high-earning Gen Xers in 2017-2018.

The biggest subgroup of people moving into the state was those between 35 and 44 making between $100,000 and $200,000 per year. More than 7,600 tax filers in this group moved to North Carolina during that time.

2. Texas

Houston, Texas
Nate Hovee / Shutterstock.com

The net migration of high-earning Gen Xers to Texas in 2017-2018 was 5,717. The total inflow of tax filers ages 35 to 54 making at least $100,000 was 23,092, which is actually the highest total inflow in our study.

The total outflow of this demographic from Texas during this time period was 17,375.

1. Florida

Pelican on a dock in Key West, Florida.
Romrodphoto / Shutterstock.com

Though Gen Xers haven’t quite made it to retirement age yet, it seems a lot of them are getting a head start on their way to the retirement-friendly Sunshine State.

The net migration of high-earning Gen Xers to Florida from 2017 to 2018 was 9,283. That includes a total inflow of 22,321, more than 7,000 of whom earned at least $200,000.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
The 3 Worst Money Mistakes You Are Making at the Gas Station
The 3 Worst Money Mistakes You Are Making at the Gas Station

Beware these cash-guzzling missteps when you stop at any gas station.

How to Get the Best Possible Deal on Car Insurance
How to Get the Best Possible Deal on Car Insurance

This is the last article on understanding and shopping for car insurance that you’ll ever need.

Want a Healthy Retirement? Turn This Device Off
Want a Healthy Retirement? Turn This Device Off

A common behavior becomes increasingly dangerous for those who are 50 or older.

10 Ways Anyone Can Earn More Income
10 Ways Anyone Can Earn More Income

Looking for additional cash? Here are a bunch of options that are accessible to anyone with internet access.

Don’t Pay for These 10 Things: They Are Free With a Library Card
Don’t Pay for These 10 Things: They Are Free With a Library Card

Before you spend another dollar on items and services like these, check with your public library.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
9 Mistakes Everyone Makes When Shopping on Amazon
9 Mistakes Everyone Makes When Shopping on Amazon

Are you losing money due to any of these missteps?

Can a Divorced Widow Claim Her First Husband’s Social Security Benefits?
Can a Divorced Widow Claim Her First Husband’s Social Security Benefits?

The rules are complicated when it comes to eligibility for survivors benefits.

Can a Twice-Divorced Woman Claim Social Security Survivors Benefits?
Can a Twice-Divorced Woman Claim Social Security Survivors Benefits?

Understanding survivors benefits rules is the key to getting the most from your benefit.

These Are the 10 Worst Cars for Depreciation
These Are the 10 Worst Cars for Depreciation

Two types of vehicles are especially likely to see steep plunges in value.

9 Things You’ll Never See at Costco Again
9 Things You’ll Never See at Costco Again

The warehouse store offers an enormous selection, but these products aren’t coming back.

10 Things I Always Buy at Trader Joe’s
10 Things I Always Buy at Trader Joe’s

From snacks to sweets to side dishes, stock your cart with these time-tested favorites on your next TJ’s run.

13 Amazon Purchases That We Are Loving Right Now
13 Amazon Purchases That We Are Loving Right Now

These practical products make everyday life a little easier.

5 Ways Social Security Will Change in 2021
5 Ways Social Security Will Change in 2021

These adjustments will affect both workers and retirees in the new year.

11 ‘Disposable’ Items You Should Be Reusing
8 Things You Should Buy at Restaurant Supply Stores
8 Things You Should Buy at Restaurant Supply Stores

You don’t have to be a chef or a restaurant owner to shop here.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

Stop Buying These 19 Things Online
Stop Buying These 19 Things Online

The internet has changed how we shop. But for some things, you’re still better off buying the old-fashioned way.

19 High-Paying Jobs You Can Get With a 2-Year Degree
19 High-Paying Jobs You Can Get With a 2-Year Degree

There are easy high-paying majors available in the U.S. — and no bachelor’s degree is required. We’re here to help you find easy degrees that pay well.

Cut These 11 Expenses Now If You Hope to Retire Early
Cut These 11 Expenses Now If You Hope to Retire Early

Like the idea of financial independence? Part of the FIRE equation is cutting costs.

7 Tips for Building an Emergency Food Supply
7 Tips for Building an Emergency Food Supply

A pandemic or natural disaster could leave you reliant on your existing emergency food supply. Is your pantry well-prepared for emergencies? Knowing what to stock up on for emergencies can be a difficult task and we’re here to help.

20 Things That Are Actually Worth Stockpiling
20 Things That Are Actually Worth Stockpiling

You don’t need a year’s supply of toilet paper to survive an outbreak, but consider stocking up on these items.

4 Tax Credits That Will Be More Generous in 2021
4 Tax Credits That Will Be More Generous in 2021

If you are eligible for these tax breaks, they will slash your federal income tax bill — dollar for dollar.

27 Things You Should Never Pay For — and How to Get Them for Free
27 Things You Should Never Pay For — and How to Get Them for Free

When you know the tricks, you can save big on all kinds of useful things that others pay for.

5 Secrets of Seniors Who Keep Their Minds ‘Young’
5 Secrets of Seniors Who Keep Their Minds ‘Young’

Here is why some seniors’ brains work as well as those of people who are decades younger.

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.