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How Do Rich Millennials Choose Their New Home States?
They also care about affordable housing, even if they have the cash to splurge.
Contrary to popular belief, wealthy millennials arent always looking for luxurious mansions or high-end properties, Sullivan said.
Another concern is the lifestyle theyve worked so hard to afford.
This can include factors such as outdoor activities, cultural events and overall quality of life, Sullivan said.
Finally, they consider the same concern that weighs onevery rich person taxes.
Some states offer tax benefits for high-income earners, making them more attractive to this demographic, Sullivan said.
So, Where Are They Going?
The state offers a bustling urban lifestyle with access to top-notch restaurants, luxury shopping, and exclusive clubs.
Colorado has become a hotspot for rich millennials, particularly in cities like Denver and Boulder, Sant said.
It also has a growing job market in industries such as tech, healthcare and energy.
However, in recent years, it has also become attractive to wealthy millennials seeking a luxurious lifestyle.
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