The upper-middle class now represents 12% of all American households, up from 10% almost 40 years ago. This growing, high-earning demographic is also on the move, migrating across state lines potentially looking for job opportunities, attractive housing markets or lower tax liabilities.
To find the states where upper-middle-class people are moving, SmartAsset analyzed IRS data on inflows and outflows of people with incomes between $100,000 and $200,000 in every state.
Out of all 50 states and the District of Columbia, Florida ranks as the most popular state that the upper-middle class is moving to, with a net migration of 18,676 upper-middle-class people to the state between 2017 and 2018.
