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Often we gets posts where someone worked in CA or MA, and retired to TN or NC, but have you ever known anyone go the other way around - from a poor state to a rich one?
Location: We_tside PNW (Columbia Gorge) / CO / SA TX / Thailand
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Sure... check your history books, or read Grapes of Wrath...
Many had to flee poverty / dust bowl and go to Expensive states, and many retires there.
Lots of folks can't wait to leave their jobs in poor states and retire to AZ / NV / CA. Some save a lifetime to do that.
It is better to lock in a real estate investment in an expensive state EARLY in your saving's plan. But...
Millions have fled MEX and are now retired in CA and living on state aid!
Some are living there on business income from their own 'start-ups'.
I enjoy mentoring foreign immigrant business people coming to USA. They know how to work & have a passion and incentive to be successful!
Often we gets posts where someone worked in CA or MA, and retired to TN or NC, but have you ever known anyone go the other way around - from a poor state to a rich one?
It isn't a matter of how rich or poor others in your state are but your own finances that will impact your options and decisions Hard to call the metro areas of NC poor.
It's not really as if the whole state is rich or poor. It's individuals and their personal wealth. There are plenty of rich people in TN. Certain areas may have more or fewer affluent people, but it is definitely not uniformly "poor". If you view the state as a whole, California is one of the "poorest" since the state of CA is $443 billion dollars in debt and the debt keeps growing every year. This is the highest level of state debt in the country.
There are certainly areas of CA that I would call "poor" and there are probably more people on welfare in CA than any other state.
eta: I just looked it up and CA has 12% of the nation's population and one third of the nation's welfare recipients. So "rich" is in the eye of the beholder.
Last edited by TheShadow; 10-26-2014 at 08:50 AM..
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