The great wealth 'realignment': Affluent people keep moving from NY and SF to cheaper, warmer places

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Miami Florida

Alexander Spatari/Getty Images

I'm a millennial who left Florida. Between the unbearable heat and the polarizing political climate, 'everything was making me think I should jump out of this.'

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A woman posing indoors with a jacket on.
Lifelong Floridian Harmony Boyd moved away from the Sunshine State to a suburb of Boston in 2022.

Courtesy of Harmony Boyd.

Wealthy movers to South Florida have pushed the real-estate market to new highs. See 6 homes for sale only the rich can afford.

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The front of a home in Miami Beach.

The Waterfront Team/ONE Sotheby's International Realty

We left Florida because our homeowners insurance ballooned to $12,000. We walked away from everything we knew so our kids could have a future.

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A row of townhomes in South Florida.
Natalia and John felt the pressures of the rising costs in South Florida and felt the need to relocate.

Marcia Straub/Getty Images

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