Deep-pocketed Zoomers are bidding adieu to life in Illinois, Washington and Massachusetts — and saying hello to being residents of New York, Florida and Tennessee. According to new findings from the financial technology company SmartAsset,

Rich Generation Z residents are moving out of California at one of the highest rates in the nation, according to a new SmartAsset study. The personal finance website looked at recent tax returns filed by households under the age of 26 that bring in more than $200,000 per year — earning the classification of “high earners” by the IRS.

A new SmartAsset study reveals that wealthy Generation Z individuals are leaving California at one of the highest rates in the country. Researchers looked at tax returns filed in 2021 and 2022 from wealthy households with incomes of more than $200,