Where are rich Americans moving in 2026? The states, and abroad

Where rich Americans are moving.

Florida took a net $20.6 billion of income from other states in the latest IRS year, and California and New York lost the most. On $1,000,000, a Florida address keeps $102K a year more than Beverly Hills.

In short, current to October 2026

In the latest IRS migration data (households that moved between the 2021 and 2022 tax years), Florida gained a net $20.6 billion of adjusted gross income and Texas $5.5 billion. California lost $11.9 billion, New York $9.9 billion and Illinois $6 billion.
Among households earning $200,000 or more, Florida gained a net 21,908 filers and Texas 5,084 in the same data.
California voters rejected Proposition 40, a one-time billionaire tax on residents of January 1, 2026, on November 3. Washington enacted a 9.9% tax on household income above $1M from January 1, 2028, and voters rejected a repeal initiative on November 3. New York City's proposed rise on $1M earners was left out of the state budget in May 2026.
On the board, 8 American addresses levy no state income tax and keep $680K of $1,000,000. Beverly Hills keeps $102K less a year, New York $106K less.
Leaving the country changes less than it looks for a citizen: the United States taxes its citizens on worldwide income wherever they live. San Juan is the exception without renouncing, and its Act 60 terms change for applications filed from January 1, 2027.
Henley forecast a net gain of 7,500 millionaires from abroad for the United States in 2025 (country level). Figures are current to October 2026.

Each address on this page was last checked against its official sources between 22 October 2026 and 28 October 2026. The sources for each are named on its page.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 47 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to October 2026. Updated 11 November 2026. Cite as: Patrician.ch, Where are rich Americans moving in 2026? The states, and abroad, patrician.ch/answers/where-are-rich-americans-moving/, October 2026.

Between the states

Where the income moved.

Net adjusted gross income moved by households changing state, the latest IRS year.

State	Net income moved in
Florida	+$20.6B
Texas	+$5.5B
South Carolina	+$4.1B
North Carolina	+$3.9B
Arizona	+$2.8B
Tennessee	+$2.8B
New Jersey	−$2.6B
Massachusetts	−$4B
Illinois	−$6B
New York	−$9.9B
California	−$11.9B

Sources: IRS Statistics of Income migration data, 2022 to 2023 release, as analyzed by the Tax Foundation (net AGI) and the National Taxpayers Union Foundation ($200,000+ households). Massachusetts is reported between $3.9B and $4B depending on rounding.

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The 17 American addresses, on $1,000,000.

Effective income tax for a single filer, federal and state together, with what 10 years keep.

Miami 🇺🇸 United States$6.8M kept after tax over 10 years, 24% on gains

32%

Coral Gables 🇺🇸 United States$6.8M kept after tax over 10 years, 24% on gains

32%

Naples 🇺🇸 United States$6.8M kept after tax over 10 years, 24% on gains

32%

Bal Harbour 🇺🇸 United States$6.8M kept after tax over 10 years, 24% on gains

32%

Palm Beach 🇺🇸 United States$6.8M kept after tax over 10 years, 24% on gains

32%

Austin 🇺🇸 United States$6.8M kept after tax over 10 years, 24% on gains

32%

Dallas 🇺🇸 United States$6.8M kept after tax over 10 years, 24% on gains

32%

Las Vegas 🇺🇸 United States$6.8M kept after tax over 10 years, 24% on gains

32%

Aspen 🇺🇸 United States$6.4M kept after tax over 10 years, 28% on gains

36%

The Hamptons 🇺🇸 United States$6.1M kept after tax over 10 years, 33% on gains

39%

Maui 🇺🇸 United States$5.8M kept after tax over 10 years, 31% on gains

42%

Montecito 🇺🇸 United States$5.8M kept after tax over 10 years, 37% on gains

42%

Newport Beach 🇺🇸 United States$5.8M kept after tax over 10 years, 37% on gains

42%

Malibu 🇺🇸 United States$5.8M kept after tax over 10 years, 37% on gains

42%

Beverly Hills 🇺🇸 United States$5.8M kept after tax over 10 years, 37% on gains

42%

San Francisco 🇺🇸 United States$5.8M kept after tax over 10 years, 37% on gains

42%

New York 🇺🇸 United States$5.7M kept after tax over 10 years, 37% on gains

43%

Where the wealth sits today, by resident millionaires: the richest cities in the US.

Leaving the country: how a US citizen is taxed abroad · the best country for Americans · the US exit tax · states with an exit tax.

Abroad, country by country: moving to Switzerland from the US · moving to Italy from the US · moving to the UAE from the US · moving to Portugal from the US · moving to Greece from the US · moving to France from the US · moving to Austria from the US · moving to Spain from the US · moving to Thailand from the US · moving to Mexico from the US.

Rank all 100 on my own numbers →

Questions

The short answers.

Where are rich Americans moving in 2026?

Mostly to Florida and Texas. In the latest IRS data Florida gained a net $20.6 billion of income from other states and Texas $5.5 billion, followed by South Carolina, North Carolina, Arizona and Tennessee.

On the board, Miami, Coral Gables, Naples and Bal Harbour lead the American addresses on $1M.

Are rich people leaving California?

On net, yes. California lost $11.9 billion of adjusted gross income to other states in the latest IRS year, the largest loss of any state.

A $1M earner in Beverly Hills pays $102K a year more than in Florida. Voters rejected Proposition 40, a one-time billionaire tax, on November 3, 2026.

Are rich people leaving New York?

On net, yes. New York lost $9.9 billion of adjusted gross income to other states in the latest IRS year.

A $1M earner in New York pays $106K a year more than at a no-state-tax address. A proposed New York City rise on $1M earners was left out of the May 2026 state budget.

Which state gains the most high earners?

Florida. It gained a net 21,908 households earning $200,000 or more in the latest IRS year, against 5,084 for Texas.

On the board, Miami keeps $680K of $1,000,000.

What is the Washington millionaire tax?

A 9.9% state tax on household income above $1,000,000, signed on March 30, 2026 and effective from January 1, 2028.

Voters rejected a repeal initiative, I-645, on November 3, 2026, in the unofficial returns.

Is Puerto Rico still tax free for Americans?

Not on salary, which pays Puerto Rico's own rates. For investment income under an Act 60 decree, largely. A decree application filed by December 31, 2026 keeps 0% on Puerto Rico sourced interest, dividends and post-move gains through 2035. One filed from January 1, 2027 pays 4%.

Gains that accrued before the move stay federally taxable. See San Juan.

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See it live

Where rich Americans are moving.

Where the income moved.

The 17 American addresses, on $1,000,000.

The short answers.

Where are rich Americans moving in 2026?

Are rich people leaving California?

Are rich people leaving New York?

Which state gains the most high earners?

What is the Washington millionaire tax?

Is Puerto Rico still tax free for Americans?

Put these figures on your site.

This page is the general case. Your income and passports rank all 100 differently.

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