Florida gained more wealth from high-earning newcomers than any other state in 2023, according to newly released data from the Internal Revenue Service.
In 2023, Florida gained $20.65 billion in annual adjusted gross income from tax filers who moved there from another state within the U.S., according to a Realtor.com® analysis of the IRS migration data.
Meanwhile, states notorious for high cost of living lost the most resident income through moves to other states, led by California (-$11.9 billion), New York (-$9.9 billion), Illinois (-$6.0 billion), Massachusetts (-$4.02 billion), and New Jersey (-$2.56 billion). The average income of people who moved to Florida from another state was $122,530, the highest among all U.S. states.
Source: Realtor.com & IRS Migration Data
Mortgage Rates
Average 6.38%
Mortgage rates this week averaged 6.38%. The housing market continues to show gradual improvements compared to a year ago amid recent rate volatility. Purchase and refinance applications are up year-over-year, and rates remain lower than last year when they averaged 6.65%.
The 30-year fixed-rate mortgage averaged 6.38% as of March 26, 2026, up from last week when it averaged 6.22%. A year ago at this time, the 30-year FRM averaged 6.65%.
The 15-year fixed-rate mortgage averaged 5.75%, up from last week when it averaged 5.54%. A year ago at this time, the 15-year FRM averaged 5.89%.
