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- 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.