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Why Are So Many People Leaving California?

Dreaming of greener (cheaper) pastures? You are not alone. California is known for its near perfect coastlines, hills upon hills and sunny weather. Is this enough to keep people in California? The answer is no! More people are leaving California than people moving in. 

“By 2018, 26,000 more people per year have been leaving the Bay Area than moved to it. A bit farther south in Los Angeles, net migration is about four times higher than the rate of nearby Orange County; in fact, a recent survey found that ¾ of LA renters want to move. So, who’s leaving? Surveys indicate that the largest group of out-migrants are middle-aged adults earning between $100,000 and $200,000 annually.” -TSI

More reasons people are deciding to pack up: high rent, high real estate market, homelessness epidemic, worst traffic, cost of gas, crime rates, politicians and the high cost of living.

Since we work in the Real Estate industry, we see first hand how the exceedingly high cost of housing in California is the primary reason that people have chosen to leave.  According to Zillow, the average price for a home in the U.S. was $261,000 in February 2018. While the average home price in California is $469,000. At this point, the average price of a home in California is more than $200,000 above the national average.

So you’ve decided to move from California, where to now? Here are the top 10 best states to move to:

  1. Texas
  2. Arizona
  3. Washington
  4. Nevada
  5. Oregon
  6. Florida
  7. Colorado
  8. Utah
  9. New York
  10. Georgia

People are chosing these particular states for their employment opprotunites, lower or no taxes, slower pace, four seasons, no traffic, cost of gas and most reported lower cost of living!

 

Considering moving out of state? The Lisa DiNoto Group can help in determining the value of the home and property you’re selling. Give our home value calculator a try today and see how much your California home is worth! Ready to list? Have Questions? Call us today at 909-921-2544.

 

 

References:

Economic Collapse Blog 

TSI- Transit Systems, Inc 

2019-05-20T13:14:07-08:00 By |Categories: Selling a Home|0 Comments

About the Author:

When choosing the Lisa DiNoto Group, clients can count on the “DiNoto Factor” service, built on customer satisfaction, client education, strategic planning, Internet marketing, experienced negotiations, uncompromised integrity and positive results. If you're looking to buy or sell real estate, call Lisa Dinoto today! 909-921-2544

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