Miami Florida
  • Wealthy people are moving to states including Florida, Texas, North Carolina, and Tennessee.
  • They've been wooed by the same things less wealthy movers seek: space, weather, and lower taxes.
  • This pattern is driving up home prices in Miami, in particular, even for the highest earners.

Everyone wants to live where their dollars go further — including the wealthiest Americans.

The pandemic ushered in a "realignment" of wealth where even those with the deepest pockets picked up and established themselves in states with bigger homes, warmer weather, and lower or no personal income taxes, Bloomberg noted in a profile of a Florida island that's home to the world's wealthiest people.