{"id":686045,"date":"2026-03-27T18:06:14","date_gmt":"2026-03-27T18:06:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/686045\/"},"modified":"2026-03-27T18:06:14","modified_gmt":"2026-03-27T18:06:14","slug":"map-shows-movement-of-us-post-pandemic-wealth-florida-gained-20b","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/686045\/","title":{"rendered":"Map shows movement of US post-pandemic wealth: Florida gained $20B"},"content":{"rendered":"

Florida<\/a>\u00a0gained more\u00a0wealth<\/a>\u00a0from high-earning newcomers<\/a> than any other state in 2023, according to newly released data from the Internal Revenue Service.<\/p>\n

In 2023, Florida gained $20.65 billion in annual adjusted gross income from\u00a0tax filers<\/a>\u00a0who moved there from another state within the U.S., according to a Realtor.com\u00ae analysis of the\u00a0IRS migration data<\/a>.<\/p>\n

Other states that saw the biggest gains in net income from\u00a0out-of-state moves<\/a>\u00a0included\u00a0Texas<\/a>\u00a0(+$5.5 billion),\u00a0South Carolina<\/a>\u00a0(+$4.1 billion),\u00a0North Carolina<\/a>\u00a0(+$3.9 billion),\u00a0Tennessee<\/a>\u00a0(+$2.8 billion), and\u00a0Nevada<\/a>\u00a0(+$1.5 billion).<\/p>\n

Meanwhile, states notorious for high cost of living lost the most resident income through moves to other states, led by\u00a0California<\/a>\u00a0(-$11.9 billion),\u00a0New York<\/a>\u00a0(-$9.9 billion),\u00a0Illinois<\/a>\u00a0(-$6.0 billion),\u00a0Massachusetts<\/a>\u00a0(-$4.02 billion), and\u00a0New Jersey<\/a>\u00a0(-$2.56 billion).<\/p>\n

In 2023, Florida gained $20.65 billion in annual adjusted gross income from\u00a0tax filers\u00a0who moved there from another state within the U.S. oldmn \u2013 stock.adobe.com<\/p>\n

\u201cThis trend from a few years ago is quite similar to the trend we\u2019re still seeing: People are moving in pursuit of affordability,\u201d says Realtor.com senior economist\u00a0Joel Berner. \u201cThe states that saw the largest gains in wealth of movers are the ones that are doing the most to increase the supply of homes and thereby lower prices.\u201d<\/p>\n

Berner notes that states like Florida, Texas,\u00a0Arizona<\/a>,\u00a0Idaho<\/a>, the Carolinas, and Tennessee excel in new construction, making it easier for people to find homes they can afford. Meanwhile, California and New York lag far behind.<\/p>\n

The new IRS data shows that Florida\u2019s Palm Beach County was the epicenter for wealth migration<\/a> in 2023, gaining $3.04 billion in net income from movers.<\/p>\n

Map of the U.S. showing changes in adjusted gross income by state due to migration, with states like California and New York losing billions, while Florida and Texas gained billions. Realtor.com<\/p>\n

The average taxpayer who moved to Palm Beach County in 2023 reported income of $178,085, nearly double the average income<\/a> of $98,527 for those who moved out of the county.<\/p>\n

\u201cFlorida attracts more high-income earners than any other state,\u201d\u00a0Gay Cororaton, chief economist for the Miami Realtors\u00ae, wrote in an\u00a0article<\/a>\u00a0breaking down the new data.<\/p>\n

Cororaton noted that in 2023, the average income of people who moved to Florida from another state was $122,530, the highest among all U.S. states.<\/p>\n

Following Florida for the highest-income movers in 2023 was\u00a0Connecticut<\/a>\u00a0($100,822),\u00a0New Hampshire<\/a>\u00a0($109,000), and New Jersey ($102,190).<\/p>\n

Bar chart showing net migration to Florida and Texas from 2010 to 2025, indicating a decline in 2025. Realtor.com<\/p>\n

Florida and Texas still growing through moves, but more slowly<\/p>\n

Separate data from the U.S. Census Bureau shows that Florida and\u00a0Texas, the boom states of the COVID-19 pandemic, are continuing to grow through domestic migration, but at a much slower pace.<\/p>\n

Florida gained a paltry 22,517 new residents from net domestic migration in 2025, down 93% from its peak in 2022, and the lowest annual gain since 2010 in the aftermath of the Great Recession.<\/p>\n

Texas was also down, although not as severely, with net domestic migration of 67,299 last year, a decline of 69% from the 2022 peak.<\/p>\n

Florida gained a paltry 22,517 new residents from net domestic migration in 2025, down 93% from its peak in 2022. Nancy Pauwels \u2013 stock.adobe.com<\/p>\n

It\u2019s likely that the pandemic pulled forward migration to these popular states, compressing multiple years of expected migration into a shorter window.<\/p>\n

Relative to their\u00a0population<\/a>\u00a0sizes,\u00a0South Carolina,\u00a0Idaho, and\u00a0North Carolina\u00a0saw the most growth in 2025 from net domestic migration, or the number of people\u00a0moving in from another state<\/a>\u00a0minus those moving out.<\/p>\n

Meanwhile, the states that shrank the most from net domestic migration outflows (meaning more people moved out than in) included\u00a0New York,\u00a0Hawaii<\/a>,\u00a0Alaska<\/a>, and\u00a0California.<\/p>\n

Housing affordability may play a large role in these trends, with the Carolinas ranking highly in a recent Realtor.com\u00a0study of state-by-state affordability<\/a>, and the states seeing the biggest outflows among the least affordable in the nation.<\/p>\n","protected":false},"excerpt":{"rendered":"Florida\u00a0gained more\u00a0wealth\u00a0from high-earning newcomers than any other state in 2023, according to newly released data from the Internal…\n","protected":false},"author":3,"featured_media":686046,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[64,3432,79,723,7065,43562,20598,4329,10204,618,12894,67,132,68],"class_list":["post-686045","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-data","tag-economy","tag-florida","tag-housing","tag-irs","tag-moving","tag-real-estate","tag-residential-real-estate","tag-taxes","tag-taxpayers","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116302472663729123","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/686045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=686045"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/686045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/686046"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=686045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=686045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=686045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}