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Wealthy Americans are packing up and shipping out of blue states in record numbers, a bombshell new report has revealed.
High earners from California and New York are leaving faster than all - topping the list of 10 states seeing an exodus of their richest residents.
The new data by SmartAsset revealed a mass migration of households pulling in at least $200,000 or more annually.
California, the land of Silicon Valley and Hollywood glitz, waved goodbye to a net 24,670 wealthy households.
Coming in close comes New York which saw 12,040 of its highest earners hit the road.
High earner from California and New York are leaving faster than all - topping the list of 10 states seeing an exodus of their richest residents (Crescent Bay of Laguna Beach, Orange County, California)
Coming in close comes New York which saw 12,040 of its highest earners hit the road
But it's not just coastal states feeling the pinch.
Midwestern Illinois came in third, saying goodbye to 9,292 wealthy families.
The list doesn't stop there. Massachusetts said farewell to 4,392 wealthy households, while New Jersey watched 3,863 high-earners pack their bags.
Pennsylvania, Maryland, and Virginia each lost over 2,000 affluent families, with Minnesota and Washington rounding out the top 10, shedding 1,784 and 1,579 wealthy households respectively.
New Jersey watched 3,863 high-earners pack their bags
Washington rounded out the top 10, shedding 1,579 wealthy households
Massachusetts said farewell to 4,392 wealthy households
Tech-haven Washington state also lost a net 1,579 affluent households
Experts point to a perfect storm of sky-high taxes, soaring living costs, and the work-from-anywhere revolution following the pandemic as what's driving this great escape.
New York had 29,869 wealthy families fleeing the Empire State - compared to just 17,829 moving in.
Tech-haven Washington state also lost a net 1,579 affluent households.
California saw 48,875 loaded households hit the road, while only 24,205 moved in.
The Golden State has been battling problems with rising homelessness and open drug abuse in recent years in its major cities.
Homelessness jumped 6 percent to more than 180,000 people in California last year, federal data show. Since 2013, the numbers have exploded by 53 percent.
Californians have been leaving the state in droves in recent years because of this and a high cost of living.
Midwestern Illinois came in third, saying goodbye to 9,292 wealthy families
Pennsylvania, Maryland, and Virginia each lost over 2,000 affluent families
In 2023, California's state population rose 0.17 percent, marking the first year of growth since the mass exodus that began in 2019.
Meanwhile San Francisco saw many people and businesses flee the area last year to escape the city's 'doom loop'.
The city, like Los Angeles, has been plunged into crisis in recent years with skyrocketing levels of homelessness and addiction.
Last year was the deadliest year on record for drug deaths largely thanks to the proliferation of fentanyl.
Progressive 'harm reduction' policies which don't penalize hard drug use have been blamed for worsening the crisis.