Chart of the Day: Post-Pandemic Wealth Migration

Today’s Chart of the Day, sourced from the article "New Map Shows Extent of Post-Pandemic Wealth Migration", found on Realtor.com, gives a snapshot of how money has moved around the country since the pandemic.

Florida clearly stands out, seeing the largest gain in relocated wealth at roughly $21 billion, while California and other high-cost states saw money move out instead.

A big reason behind this shift is the appeal of lower taxes and more affordable living. Many households are also prioritizing lifestyle factors like more space and a slower pace of life as they rethink where they want to put down roots.

At the same time, increased new home construction across the Southeast and Rocky Mountain regions has made it easier and more affordable for people to relocate.