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Florida might be known as a retirement destination, but it’s attracting plenty of young — and wealthy — newcomers. Florida is the No. 1 state bringing in and keeping the young and rich, according to a recent analysis from SmartAsset, which ranked states based on net migration.

The financial site determined the states netting the most young professionals, ages 26 to 35, who earn at least $200,000 per year in adjusted gross income, based on the most recent publicly available IRS numbers from 2021.

That year, some 3,391 high-earning young people moved to Florida; 1,216 left, leaving the state with a net migration of 2,175 wealthy young people, as determined by SmartAsset.

In second place, Texas saw the second-largest wave of young and wealthy newcomers with 4,048 moving in over the course of a year. (California boasts the biggest influx in the U.S. with nearly 5,000 new taxpayers of this demographic.) However, the Lone Star State also saw a large outflow of young wealthy people leaving (over 2,000 taxpayers), resulting in a net migration of 1,909. ...