RALEIGH, N.C. (WNCN) — Not many states had more high-earners move there in a year than North Carolina, a study claims.
The study released Thursday by financial planning website Smartasset says North Carolina saw a net increase of more than 4,700 households earning at least $200,000 move there in 2020.
Our state ranks fourth nationally in that measure. Florida was first with a net influx of more than 20,000 high-earners, followed by Texas (5,356) and Arizona (5,268).
The website says 10,322 households making that much money a year moved to North Carolina during that year while 5,609 moved away — a net increase of 4,713.
States in the sun belt saw the largest migration, with eight of the top 10 states — and each of the top six — at least partially located in the south or southwest.
Households that make at least $200,000 account for less than 7 percent of all tax returns filed across the 50 states and the District of Columbia. But the study says they can have a meaningful effect on a state’s tax revenues.