Reinvention
Covid Is Accelerating the Exodus From New York and California to Cheaper States
While taxes spur relocations by the rich, lower costs, bigger living spaces and better quality of life are driving other Americans during the pandemic.
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Elon Musk is doing it. Carl Icahn has already done it, so has Joe Rogan. And many who float in Manhattan’s upper echelons want to do it.
They’re being drawn to Texas and Florida, where lower taxes and other financial perks wait to welcome them from California and New York. But what about the Americans who aren’t managing billions of dollars, sending astronauts to space in their rockets, or interviewing Kanye West on their podcast? Some of them are relocating across state lines too, hunting cheaper living costs, a bigger home, or a new adventure.