Exodus of Californians moving to Texas picks up steam

Number of Americans fleeing California for Texas nearly doubled to 111,000-a-year in less than a decade – around half of whom were millennials

• From 2012 and 2021 the number of Americans moving from CA to TX doubled
• In 2021, almost half of the 111,000 that made the move were millennials 

Some 111,000 people moved from California to Texas in 2021 – an average of more than 300 a day.

That is double the 63,000 that made the same move in 2012, according to a new report from Storage Café, which examined California-Texas migrations patterns over nearly a decade.

And of those that moved in 2021, nearly half were millennials, born between 1981 and 1996, and headed to counties around major cities like Austin, Houston and Dallas.

According to the study, Californians are being lured from their state by a number of factors, including cheaper housing, lower taxes and booming work opportunities thanks to Texas’ tech and energy industries.

Fueling that shift is the fact that the pandemic increased the number of people that could work from home, releasing them from traditional commitments that would tie them down.

Over 100 companies moved their headquarters to Texas since 2020, with 40 percent of them coming from California, the study found.

From 2012 and 2021 the number of Americans moving from California to Texas nearly doubled from 63,000 to 111,000, according to a new report

More than 300 people left California for Texas per day on average in 2021. Pictured is the Hollywood sign in Hollywood Hills

While 46 percent of those that moved to Texas from California in 2021 were millennials, around 21 percent were Gen Xers aged between around 40 and 55. 

Baby boomers and Gen Zers represented a comparatively smaller contingent of those moving – around 15 percent each.

The millennials who moved to Texas were found to be doing so with a household income of $114,000 per year, 21 percent more than what the average US millennial earns.

One of the major benefits of moving was the cost of homes, which were on average around $282,000 less in Texas than California.

According to Zillow the discrepancy in house prices between the two states is higher – $737,900 in California as opposed to $302,333 in Texas, KTLA reported.

And since 2021 the exodus has gone on. More than 500,000 people left California altogether between April 2020 and July 2022.

Deputy director of external affairs at the California Department of Finance, H.D. Palmer, told the Sacramento Bee that the shrinking population is a reflection of its ongoing housing affordability crisis.

‘If you talk to demographers, they’ll say that one of the factors is the cost of housing. And that’s continued to be a challenging issue for the state,’ he said.

Around 46 percent of those that moved from California to Texas in 2021 were millennials, born between 1981 and 1996, and headed to counties around major cities like Austin (pictured), Houston and Dallas

California has seen a population decline of more than 1 percent since the start of the COVID-19 pandemic, with an estimated 500,000 people leaving the state between April 2020 and July 2022

According to the Bee, in Sacramento – where the median household income in 2021 was $71,047 – it requires a household salary of around $145,000 to afford the median-priced house in the region.

A mass exodus from the city known for its tech industry has taken place since the pandemic struck in 2020, and many office spaces were abandoned.

That means the city’s streets have become increasingly crime-ridden, with many locals avoiding downtown sidewalks.  

‘San Francisco went from being one of the hottest office markets in the country to one of the weakest,’ economist Patrick Carlisle told San Francisco Gate.

‘High tech workers were the ones who were most likely to say, “Well if I can work from any place, I’ll move some place where housing costs 90 percent less,”‘ he added.

Los Angeles County, which is still the most populous in the US, saw an average of 143,000 people leave between July 2021 and July 2022, according to the latest US Census data.

Source: Read Full Article