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.
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.