take a look income tax rates in New York and average cost It’s a one-bedroom flat with no natural light, and it’s no wonder why people who can afford it flock elsewhere.

Florida and Texas, which have no state income taxes, are among the No. 1 and No. 2 destinations for high-income millennials, according to a report by . Intelligent Being. Using data from the IRS and the 2021 tax year, SmartAsset measured net migration patterns (inflows minus outflows of new high earners) among young professionals ages 26 to 35 who earn at least $200,000 annually. Florida netted 2,175 people to this cohort; Texas won 1,909 net.

Meanwhile, New York and California, the nation’s largest economies, suffered the largest net losses, with 5,062 and 4,495 high-income youth, respectively. But they are not in dire need of young blood, as the two states are still home to by far the highest-earning young people.

If you’ve ever heard any of the anecdotal accounts of how Florida and Texas are now the largest cities in the world, none of this might seem that surprising. new new york and california As remote workers leave their cramped urban apartments during the pandemic. The two southern states boast year-round warm weather, wide open space, and (of course) no income tax; This makes it ideal for young earners who are focused on saving and contributing to retirement accounts above all else. This has made the states ideal permanent destinations for those who don’t have to commute to Manhattan or San Francisco offices to earn big paychecks.

remote work “It opened the door for more people to move away from the workplace and explore living in a new area,” said Randy Ryerson, vice president of marketing and communications for rental truck company Penske. said Luck last year.

Of course, some workers were probably following their companies there, too. Former New York-based financial giants, Karataş And Goldman Sachs, opened And Expanded offices in MiamiWhile technology giants like Tesla’s And Seer to have Left Golden State For Lone Star. More Fortune 500 companies They are currently located in Texas other stateHouston is the most popular city for headquarters. Texas’ median cost of living is just over $45,000. 2022 survey Found by the Department of Commerce’s Bureau of Economic Analysis. That’s $8,000 less than California and New York, home to the Fortune 500’s second and third headquarters. Luck’Paolo Confino reported.

SmartAsset’s ranking also reflects: Florida’s continued dominance this decade; Its appeal among young workers may even match its appeal among retirees. After all, there is a Florida unemployment rate 2.7%below the national rate of 3.5% and more room for your money. “I really liked the amenities like swimming pools and gyms and things you can’t get to when you get back home,” said Harshneel More, a 30-year-old software engineer who moved to Tampa from San Francisco in 2021 and maintained a Bay Area salary. —told Tampa Bay Times.

However HENRY’s Those packing up (short for high-income earners, not-yet-rich people) aren’t just heading to the South, where four of the states on SmartAsset’s top 10 list are located. They are also fleeing to New Jersey, which netted 1,048 newly wealthy young professionals, and Connecticut, which netted 660 newly wealthy young professionals. popularity of tristate The region shows that most remote workers aren’t moving too far, moving out of town to a location that’s more affordable but still within commuting distance of the office. Washington State, which ranks seventh on the list with net earnings of 464, is the state with the highest proportion of high-income youth; More than 13% of state residents earning more than $200,000 are between the ages of 26 and 35.

Here are the top 10 cities where young professionals move, ranked by net income:

1. in Florida (2,175)

2. Texas (1,909)

3. New Jersey (1,048)

4. Colorado (754)

5. North Carolina (721)

6. Connecticut (660)

7. Washington (464)

8. Tennessee (441)

9. Arizona (321)

10. South Carolina (318)

Read more about housing trends Luck.com:

A version of this story was first published on Fortune.com on August 24, 2023.

This story first appeared on: Fortune.com