Recent studies show that nearly 80 percent of young adults live less than 100 miles away from their childhood homes, and that just ten percent were more than 500 miles away.

SmartAsset looked at the tax filings of people below the age of 35 who earn more than $100,000 (in gross adjusted income) to see where they packed up and moved to between 2019 and 2020, or at the onset of the COVID pandemic. Here's what they found.

Key Takeaways

• New York had the largest outflow among states, losing over 15,000 of the above group of people between 2019 and 2020. California's exodus of 7,960 during the same time was exponentially higher than its 2019 migration of just 20 rich young professionals.

• Texas and Florida, two states without income tax, were the top two destinations for young rich professionals between 2019 and 2020. Over 7,000 of them made the move to one or the other of those two states.

• Between 2019 and 2020, Maine, Idaho, Vermont and Montana saw more than double the number of rich young professionals move in than those who moved out.

Via SmartAsset.

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