Interesting chart showing migration to and from California and also to which/ and from what states.
Texas leads in both Californians moving to Texas and Texans moving to California. Makes me wonder how many of those Texans moving to California are those that regretted the move to Texas and are moving back to the Golden State. By the way, Texas is almost always the state that sends the most people to California. Regrets? I've had a few. The 963 people from Arkansas gotta be going thru culture shock. Lot of Oregon and Wash people too. The total net loss for California is about 350,000 from 2021 to 2022. That's really a pickle in an elephant's ass on a population of 40 million. And illegal migration not factored in.
Crazy stats.
The "live like a king" thing has passed. Ca equity refugees have pushed up prices in many places. The nicest view, lake, river, beach spots have jumped in price. A person I know just sold their home in Garden Grove for about $1,000,000 and is moving to a tract house in Idaho at just over 1/2 million. they are using their own time gain exclusion.
Many people get zapped in nplaces like TX thinking the cost of living is much lower. Property taxes are giant and AC bills are huge. In Austin, water is very expensiv e. A close friedn who lives in Barton Creek /Austin has had a huge run-up in value, but has to retire out of the area becasue of property taxes. They are looking at moving to DP with their tX equity. Everything else is the same cost except gasoline.
I'm in those stats. It was a net 1 million loss for 2022-23.
Factor in who's leaving. I'm guessing upper income, successful people.