# Wealth Moving to Sun Belt States

> Sun Belt states gain billions as wealth shifts from expensive coastal areas.
- Title: Wealth Moving to Sun Belt States · Thestatedtruth | Shortify
- Summary: Sun Belt states gain billions as wealth shifts from expensive coastal areas. Florida gained $137 billion in net income from interstate moves in 2023, while…
- Keywords: wealth migration, florida, california, new york, net worth, sun belt, income flows, state economies, technology, startups, Wealth, Moving
- Source: Thestatedtruth — https://thestatedtruth.com/?p=28732
- Read time: 1 min
- Topics: wealth migration, florida, california, new york, net worth, sun belt, income flows, state economies, technology, startups
## Wealth Migration Map
Americans are moving with billions in wealth, shifting from expensive coastal states to Sun Belt regions.

> California wins this lotery!
## Florida's Wealth Inflow
Florida gained $137 billion in net income from interstate moves between 2019 and 2023.
## Florida's High-Income Residents
Florida's incoming residents had an average annual income of $122,530.
## Texas and Sun Belt Gains
Texas gained $6 billion, while North Carolina and South Carolina each gained $4 billion.
## Arizona and Tennessee Gains
Arizona and Tennessee each brought in $3 billion through new residents.
## California's Wealth Outflow
California lost $12 billion in wealth in 2023 alone, the largest outflow of any state.
## New York and Other Outflows
New York experienced $10 billion in net outflows, while Illinois and Massachusetts saw sharp declines.
## Wealth Migration Trends
Wealth migration shows a shift toward lower-cost, high-growth states with stronger population growth.
## Future Economic Impact
Continued wealth shifts could reshape state economies, concentrating tax revenue and housing demand in Sun Belt regions.
## Key takeaway

Florida gained $137 billion in net income from interstate moves in 2023, while California lost $12 billion.