Wealthy Americans Migrating South: IRS Data

Good weather, low taxes lure rich, even during recession
By Marie Morris,  Newser Staff
Posted Jun 15, 2010 1:32 PM CDT
Wealthy Americans Migrating South: IRS Data
The gated community Stratford Place in Naples, Fla., shown Sunday, Sept. 20, 2009. Collier County gained more high-income residents than any other US county in 2008.   (AP Photo/J. Meric)

(Newser) – Wealthy Americans are on the move, largely to the low-income-tax havens of the Sunbelt. A new Forbes analysis of IRS data from 2008 shows Collier County, Fla., at the head of the pack, picking up 15,150 new residents with an average income of $76,161—compared to $26,128 for the people moving away. A nifty feature on the Forbes website illustrates the migration and breaks it down by average income, county-to-county.

For instance, click on New Orleans (Orleans Parish, La.) and you see graphics showing not just migration in and out but the number of people moving and their average income: to Seattle (King County, Wash.), 56 people, $36,200; from Seattle, 41 people, $25,000. To get the details on migration in and out of the county of your choice—fair warning: it's addictive—click here. To see a slideshow breaking down the most popular destinations, click here.
(Read more income stories.)

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