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Explore the top reasons for people leaving California and where they’re choosing to settle next.
www.pods.com
So why are so many people leaving California? To put it plainly, the number one reason is that California is expensive. The state consistently ranks in the
top five of the most expensive states in the country. According to
Zillow, between 2015 and 2022, the average home value increased 92 percent, nearly doubling. Increasingly high costs of living, housing, and transportation coupled with an increase in crime, pollution, and congestion has caused many people to relocate to more affordable cities and states.
Businesses have also been on the move out of California. A 2022 report by the
Hoover Institution shows 352 businesses leaving California and moving their headquarters to a different state between 2018 and 2022. High rent, high taxes, high costs of living for employees, and red tape are just a few reasons why.
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