Higher housing costs in Florida and Texas are reducing the savings for people relocating from New York. Despite this, those earning over $100,000 annually can still achieve significant savings when moving to states with lower costs. The South, particularly Florida and Texas, saw an influx of people in 2023. Top counties like Polk County, FL and Montgomery County, TX have varying median list prices. Cities in the Sun Belt are attracting millionaires at a faster rate than NYC, leading to a surge in real estate prices in the region. Wealthy Americans moving to Florida or Texas are now saving $38,000 less annually due to the rising real estate prices.
Surge in Sunbelt real estate prices means wealthy Americans moving to Florida or Texas are saving $38K less a year than they used to https://t.co/YQmcIN9xyn https://t.co/fiEuDm1UdT
These US cities have the fastest-growing population of millionaires https://t.co/alh90ayoZX https://t.co/jZ7aydahWK
Cities in the Sun Belt are adding millionaires much faster than NYC https://t.co/VyApF3qP0c
More people moved to the South in 2023 🧵 Especially to Florida + Texas ⬇️ Top counties and median list prices: 1. Polk County, FL -$350,000 2. Montgomery County, TX -$360,020 3. Pasco County, FL -$364,311 4. Collin County, TX -$547,960 5. Denton County, TX -$512,500
FLORIDA’S NOT SO CHEAP COMPARED WITH NEW YORK THESE DAYS (Bloomberg) Higher housing costs are cutting into the savings of people who leave New York for Florida and Texas. Those earning at least $100,000 a year can still see significant savings when relocating to states with no… https://t.co/bCzPdN5TXE