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And some states highcost of livingcan be a dealbreaker, causing even the wealthy to relocate.
According to a recent SmartAssetstudy, wealthy millennials are leaving certain states much more than others.
So which states are they leaving and where are they going?
Here are five states wealthy millennials are leaving and where theyre going instead.
Also seethe living wage a millennial needs to live comfortably in America.
Which States Are Millennials Leaving?
According to the study, California ranks as the No.
1 state wealthy millennials are fleeing the most.
Dont forget about cost of living as well.
According to McCalla, almost everything costs less in Austin.
He isnt the only one.
But California isnt the only state with such an unfortunate exodus.
Where Are They Going?
So with all those wealthy millennial households leaving, where are they choosing to go instead?
But you might be surprised to know that Texas didnt take the top spot.
Florida, which gained 1,786 such households, saw the highest influx of wealthy millennials.
Why the move to those two states?
And lets not forget about lower cost of living.
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