Wealthy people keep ditching California and New York for Florida and Texas — but their moves could actually hurt the South's biggest draw

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• High-earning Americans are ditching New York and California for Florida and Texas, a study found.
• Southern states attract wealthier people in part because of their relatively lower cost of living.
• But as more people move to these states, their housing prices rise, which can make them less cheap.

Higher living costs can stress out Americans making any amount of money.