Answers · current to September 2026
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 $104K a year more than Los Angeles.
In short, current to September 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 50,485 filers and Texas 15,470 in the same data.
- California votes on November 3 on Proposition 40, a one-time billionaire tax on residents of January 1, 2026. Washington enacted a 9.9% tax on household income above $1M from January 1, 2028, with a repeal initiative on the same November ballot. New York City's proposed rise on $1M earners was left out of the state budget in May 2026.
- On the board, 7 American addresses levy no state income tax and keep $674K of $1,000,000. Los Angeles keeps $104K less a year, New York $107K 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 September 2026.
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 September 2026. Updated . Cite as: Patrician.ch, Where are rich Americans moving in 2026? The states, and abroad, patrician.ch/answers/where-are-rich-americans-moving/, September 2026.