Here are the top places rich millennials are going, ranked from least- to most-moved-to state.
As the data shows, California is a top destination for wealthy young people, despite its often exorbitant cost of living. The median home value there is nearly $550,000, real-estate site Zillow reports, and the median rent is $2,800. That’s compared to the national medians of about $227,000 and $1,700, respectively.
“The data aligns with longer-term migration patterns to southern and western states, trends driven by factors like job growth, lower costs of living, state budgetary challenges and more temperate climates,” Stoll said.
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