moneywise.com Open in urlscan Pro
172.64.148.63  Public Scan

URL: https://moneywise.com/real-estate/californians-are-still-ditching-the-golden-state-because-of-its-insanely-high-living...
Submission Tags: falconsandbox
Submission: On November 08 via api from US — Scanned from DE

Form analysis 3 forms found in the DOM

GET /search/results

<form action="/search/results" method="get"
  class="flex flex-row justify-end items-center w-full border border-solid border-grey-30 rounded-lg py-2 pl-2 pr-4 mb-2 focus:border-primary-70 focus-visible:border-primary-70 focus-within:border-primary-70">
  <input type="text" id="query" name="query" placeholder="Search" class="tracking p-0 w-full" data-category="top_navigation" data-action="search" data-label="">
  <button type="submit" class="header__search-button--mobile p-0">
    <img src="https://media1.moneywise.com/icons/header/search-icon.svg" alt="Search" height="21" width="21" class="header__search-icon--mobile">
  </button>
</form>

POST /register

<form action="/register" method="post" @submit.prevent="submitEmail">
  <input type="hidden" name="_token" value="mPD2GxVPmiSbDfcwmEISmfVJs9IDyPiWBJa9qG6R" autocomplete="off">
  <div class="bg-neutral-white p-xs rounded-lg flex items-center gap-xs pl-md mb-2">
    <label for="inline-email" class="sr-only">Email</label>
    <input x-model="email" type="text" id="inline-email" class="outline-none flex-1 border-0" placeholder="Enter email...">
    <button
      class="group inline-flex items-center justify-center gap-2 text-center transition duration-200 ease-in-out rounded-lg disabled:bg-grey-20 disabled:text-grey-30 disabled:shadow-none no-underline !leading-[1.4] font-bold bg-secondary-70 text-neutral-black border-none shadow-bottom-sm hover:bg-primary-60 hover:text-neutral-white hover:shadow-glow active:bg-neutral-black active:text-neutral-white px-sm py-2xs text-xs min-h-[32px] w-auto max-w-fit lg:hidden cursor-pointer"
      x-text="submitting ? 'Submitting...' : 'Subscribe'" tabindex="0" type="submit">Subscribe</button>
    <button
      class="group items-center justify-center gap-2 text-center transition duration-200 ease-in-out rounded-lg disabled:bg-grey-20 disabled:text-grey-30 disabled:shadow-none no-underline !leading-[1.4] font-bold bg-secondary-70 text-neutral-black border-none shadow-bottom-sm hover:bg-primary-60 hover:text-neutral-white hover:shadow-glow active:bg-neutral-black active:text-neutral-white px-md py-xs text-sm min-h-[44px] w-auto max-w-fit hidden lg:inline-block flex-grow"
      x-text="submitting ? 'Submitting...' : 'Join 200k+ subscribers'" tabindex="0" type="submit">Join 200k+ subscribers</button>
  </div>
  <span class="text-error-60 text-3xs lg:text-2xs inline-block" x-show="error" x-text="error" style="display: none;"></span>
  <p class="text-3xs lg:text-2xs text-grey-60 mt-1"> By signing up, you accept Moneywise <a class="text-grey-60 underline" href="/terms">Terms of Use</a>, <a class="text-grey-60 underline" href="/subscription-agreement">Subscription Agreement</a>,
    and <a class="text-grey-60 underline" href="/privacy">Privacy Policy</a>. </p>
</form>

POST /register

<form action="/register" method="post" @submit.prevent="submitEmail">
  <input type="hidden" name="_token" value="mPD2GxVPmiSbDfcwmEISmfVJs9IDyPiWBJa9qG6R" autocomplete="off">
  <div class="bg-neutral-white p-xs rounded-lg flex items-center gap-xs pl-md mb-2">
    <label for="inline-email" class="sr-only">Email</label>
    <input x-model="email" type="text" id="inline-email" class="outline-none flex-1 border-0" placeholder="Enter email...">
    <button
      class="group inline-flex items-center justify-center gap-2 text-center transition duration-200 ease-in-out rounded-lg disabled:bg-grey-20 disabled:text-grey-30 disabled:shadow-none no-underline !leading-[1.4] font-bold bg-secondary-70 text-neutral-black border-none shadow-bottom-sm hover:bg-primary-60 hover:text-neutral-white hover:shadow-glow active:bg-neutral-black active:text-neutral-white px-sm py-2xs text-xs min-h-[32px] w-auto max-w-fit lg:hidden cursor-pointer"
      x-text="submitting ? 'Submitting...' : 'Subscribe'" tabindex="0" type="submit">Subscribe</button>
    <button
      class="group items-center justify-center gap-2 text-center transition duration-200 ease-in-out rounded-lg disabled:bg-grey-20 disabled:text-grey-30 disabled:shadow-none no-underline !leading-[1.4] font-bold bg-secondary-70 text-neutral-black border-none shadow-bottom-sm hover:bg-primary-60 hover:text-neutral-white hover:shadow-glow active:bg-neutral-black active:text-neutral-white px-md py-xs text-sm min-h-[44px] w-auto max-w-fit hidden lg:inline-block flex-grow"
      x-text="submitting ? 'Submitting...' : 'Join 200k+ subscribers'" tabindex="0" type="submit">Join 200k+ subscribers</button>
  </div>
  <span class="text-error-60 text-3xs lg:text-2xs inline-block" x-show="error" x-text="error" style="display: none;"></span>
  <p class="text-3xs lg:text-2xs text-grey-60 mt-1"> By signing up, you accept Moneywise <a class="text-grey-60 underline" href="/terms">Terms of Use</a>, <a class="text-grey-60 underline" href="/subscription-agreement">Subscription Agreement</a>,
    and <a class="text-grey-60 underline" href="/privacy">Privacy Policy</a>. </p>
</form>

Text Content

WE VALUE YOUR PRIVACY

We and our partners store and/or access information on a device, such as cookies
and process personal data, such as unique identifiers and standard information
sent by a device for personalised advertising and content, advertising and
content measurement, audience research and services development. With your
permission we and our partners may use precise geolocation data and
identification through device scanning. You may click to consent to our and our
1447 partners’ processing as described above. Alternatively you may access more
detailed information and change your preferences before consenting or to refuse
consenting. Please note that some processing of your personal data may not
require your consent, but you have a right to object to such processing. Your
preferences will apply to this website only. You can change your preferences or
withdraw your consent at any time by returning to this site and clicking the
"Privacy" button at the bottom of the webpage.
MORE OPTIONSAGREE
Skip to main content
 * News
 * Investing
   Back Investing
   
   Getting Started
   
    * Best Investing Apps
    * Best Robo-advisors
    * Investing 101
    * Types of Mutual Funds
   
   Investing in Stocks
   
    * Stocks
    * How to Invest in Stocks
    * How to Sell Stock
    * What is a Stock Split?
   
   Alternative Investments
   
    * Types of Alternative Investments
    * How to Buy Bitcoin
    * Investing in Gold

 * Retirement
   Back Retirement
   
   Retirement Accounts
   
    * Roth IRA vs. 401(k)
    * Traditional IRA
    * Pension vs. 401(k)
    * IRA Tips
    * Borrowing From a 401(k)
   
   Retirement Planning
   
    * How to Retire at 50
    * How Much Money Do You Need to Retire?
    * Talk to a Retirement Adviser
   
   Where to Retire
   
    * Best States to Retire
    * Best Countries to Retire
    * 15 Trips to Take In Retirement

 * Banking
   Back Banking
   
   Banking Rates
   
    * Prime Rate
    * Best Savings Accounts
    * Best High-yield Savings Accounts
   
   Bank Accounts
   
    * Checking Accounts
    * Savings Accounts
    * Money Market Accounts
    * Cash Management Accounts
    * Bank Reviews
    * How to Open a Bank Account
    * How to Transfer Between Banks
   
   Calculators
   
    * Savings Goal Calculator

 * Mortgages
   Back Mortgages
   
   Mortgage Rates
   
    * Current Mortgage Rates
    * Mortgage Rate Trends
   
   Mortgage Loans
   
    * VA Loans
    * FHA Loans
    * Jumbo Loans
    * FHA vs. Conventional Loan
    * Reverse Mortgages
    * No-Closing-Cost Mortgage
    * Should I Use a Mortgage Broker?
   
   Buying a Home
   
    * Best Mortgage Lenders
    * First-Time Homebuyers
    * First-Time Homebuyer Programs
    * Mortgage Refinancing
    * How Much Is a Home Inspection?
   
   Calculators
   
    * Mortgage Income Calculator
    * Mortgage Payoff Calculator

 * Loans
   Back Loans
   
   Loan Rates
   
    * Best Personal Loans
    * Student Loan Refinance Rates
   
   Getting a Loan
   
    * Auto Loans
    * Personal Loans
    * Student Loans
    * Online Loans
    * HELOC vs. Home Equity Loan
    * Personal Loan vs. Credit Cards
   
   Calculators
   
    * Car Loan Calculator

 * Insurance
   Back Insurance
   
   Insuring Your Car
   
    * Auto Insurance
    * Auto Insurance Discounts
    * Auto Insurance for Teenagers
    * Non-owner Auto Insurance
   
   Insuring Your Home
   
    * Homeowners Insurance
    * Home Insurance Discounts
    * Mortgage Protection Insurance
    * Things Home Insurance Doesn't Cover
   
   Other Insurance
   
    * Renters Insurance
    * Life Insurance
    * Health Insurance

 * Taxes
   Back Taxes
   
   Filing Taxes
   
    * First-Time Filers
    * Amended Tax Return
   
   Tax Resources
   
    * Tax Brackets
    * Best Tax Software
    * What is AGI?


UNLOCK EXCLUSIVE CONTENT

 * Discounts and special offers
 * Subscriber-only articles and interviews
 * Breaking news and trending topics

Email Subscribe Join 200k+ subscribers

By signing up, you accept Moneywise Terms of Use, Subscription Agreement, and
Privacy Policy.

Sign in
 * Sign in
 * Join




THIS IS AN EXCLUSIVE STORY FROM OUR NEWSLETTER — SUBSCRIBE FOR MORE

 * Discounts and special offers
 * Subscriber-only articles and interviews
 * Breaking news and trending topics

Join 200K subscribers


Already a subscriber? Sign in.

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and
Privacy Policy.

Not interested ? Continue reading

 * Home
 * Real Estate

TRENDING

65,438people read this week


‘THE PRICES ARE JUST OUTRAGEOUS’: CALIFORNIANS ARE STILL DITCHING THE GOLDEN
STATE BECAUSE OF ITS INSANELY HIGH LIVING COSTS — HERE’S WHERE THEY’RE HEADED


Courtesy CBS 8
While we adhere to strict editorial guidelines, partners on this page may
provide us earnings.
Danielle Antosz

Updated Nov 6, 2024



Danielle Antosz

Updated Nov 6, 2024




Listen



Andrew Rowley and his wife Lauren always imagined building a life in Southern
California, where they were both born and raised. But when they began searching
for a home, they were quickly discouraged by San Diego's sky-high housing
prices.

“We both have great jobs and wanted to stay in San Diego,” Rowley told CBS 8
reporters. “But the prices are just outrageous.”

The average home price in the sunny city is $1.01 million according to data from
Zillow. Even with a $700,000 budget, few options matched the Rowleys' vision of
a home. Ultimately, the family decided to start a new adventure in Denver,
Colorado, where they purchased a four-bedroom house with an expansive yard for
less than $600,000.

“All of our friends understood why we're doing it. We've had other friends leave
the state. We've had other friends contemplating leaving the state and moving,”
Lauren Rowley added.

Their story is part of a larger migration trend, as many Californians are
choosing to leave in search of more affordable housing and the overall cost of
living.


NEARLY 400,000 CALIFORNIANS LEFT BETWEEN 2021 AND 2022

The Rowleys are not alone in leaving the Golden State. The high cost of living
and rising house prices have led thousands of residents to seek more affordable
options.

Through IRS data, financial tech company Smart Asset found that between 2021 and
2022, 399,138 people left California for states like Texas, Arizona, Nevada,
Washington and Florida.

Many of these transplants, including San Diego native Jessica Duarte, are moving
not just for better housing prices but also to achieve overall financial
stability. Duarte sold her one-bedroom condo in Rancho Bernardo and bought a new
home in Alvaton, Kentucky.

"I took all the profit from selling my condo and was able to buy this one right
out, so I don't have a house payment," Duarte said.

She now lives closer to her parents, who also relocated from California. But
housing prices aren’t the only factor drawing Californians to other states.
Duarte admitted that everything else is cheaper, too — including gas, groceries
and utilities.

While both Duarte and the Rowleys enjoy their new adventures outside of
California, they are open to returning someday.

“Of course, I feel a little homesick. I miss my California burritos and all that
stuff, but I feel like I'm ready for some new experiences,” Andrew Rowley told
reporters.


INVEST IN REAL ESTATE WITHOUT THE HEADACHE OF BEING A LANDLORD





Imagine owning a portfolio of thousands of well-managed single family rentals or
a collection of cutting-edge industrial warehouses. You can now gain access to a
$1B portfolio of income-producing real estate assets designed to deliver
long-term growth from the comforts of your couch.

The best part? You don’t have to be a millionaire and can start investing in
minutes.



Learn More



WHERE ARE CALIFORNIANS HEADED?

A SmartAsset study highlighted a significant trend of Californians relocating to
more affordable places to live. From 2021 to 2022, 254,935 people moved into
California, but 399,138 left, resulting in a net loss of over 143,000 residents.
Among those who left, the top three destinations were Texas, Arizona, and
Nevada.

Texas attracted 54,136 households from California, with an average adjusted
gross income (AGI) of $146,000 — likely due to Texas’s lack of state income tax
and generally lower living costs. Arizona drew 32,864 households, with an
average AGI of $100,399. Close by, Nevada became the third-most-popular
destination, receiving 30,571 households. Nevada’s lack of state income tax also
provides transplants the potential to save thousands of dollars each year.

For wealthier Californians, states like Wyoming and Florida are particularly
attractive due to their tax advantages. Wyoming drew 1,368 households from
California with an average AGI of $284,133, while New Hampshire and Florida
attracted high earners with AGIs of $204,605 and $187,025, respectively. This
migration trend points to Californians seeking nearby states with lower living
costs, warmer climates and reduced tax burdens to maintain or grow their
financial resources.

However, it’s worth noting that states without income taxes typically have
higher sales taxes, which impact lower-income earners the most. While those with
lower incomes often pay less in income taxes, they may spend a large portion of
their income on goods that are subject to sales tax, making affordability a
mixed equation.

The Golden State's high costs continue to shape migration patterns. As
affordability becomes a driving factor, many residents seeking financial
stability may take the risk to build a life outside of California.

Sponsored


INVEST IN REAL ESTATE WITHOUT THE HEADACHE OF BEING A LANDLORD

Imagine owning a portfolio of thousands of well-managed single family rentals or
a collection of cutting-edge industrial warehouses. You can now gain access to a
$1B portfolio of income-producing real estate assets designed to deliver
long-term growth from the comforts of your couch.

The best part? You don’t have to be a millionaire and can start investing in
minutes.




Danielle Antosz Freelance contributor
Danielle Antosz Freelance contributor


Danielle Antosz is a freelance contributor to Moneywise.




EXPLORE THE LATEST ARTICLES


INVEST IN REAL ESTATE

The easy way to diversify with real estate investments.

Em Norton Staff Writer

CARDONE ON 'THE WORST INVESTMENT YOU'LL EVER MAKE'

Moneywise

NEARLY 75% OF RECENT HOMEBUYERS HAVE REGRETS

Serah Louis

KEVIN O’LEARY'S RULE FOR FIRST-TIME HOMEBUYERS

Vishesh Raisinghani

DISCLAIMER

The content provided on Moneywise is information to help users become
financially literate. It is neither tax nor legal advice, is not intended to be
relied upon as a forecast, research or investment advice, and is not a
recommendation, offer or solicitation to buy or sell any securities or to adopt
any investment strategy. Tax, investment and all other decisions should be made,
as appropriate, only with guidance from a qualified professional. We make no
representation or warranty of any kind, either express or implied, with respect
to the data provided, the timeliness thereof, the results to be obtained by the
use thereof or any other matter. Advertisers are not responsible for the content
of this site, including any editorials or reviews that may appear on this site.
For complete and current information on any advertiser product, please visit
their website.





UNLOCK EXCLUSIVE CONTENT

 * Discounts and special offers
 * Subscriber-only articles and interviews
 * Breaking news and trending topics

Email Subscribe Join 200k+ subscribers

By signing up, you accept Moneywise Terms of Use, Subscription Agreement, and
Privacy Policy.

Information and timely news from our team of trusted money specialists.

 * 
 * 
 * 
 * 
 * 


INVESTING

 * Best Investment Apps
 * Best Alternative Investment Platforms
 * Best Robo-Advisors
 * How to Invest in Gold
 * How to Invest in Stocks
 * Best Investments Right Now
 * How to Retire
 * Expert Investing Tips
 * How to Invest in Real Estate


BANKING

 * Best Savings Accounts
 * Best High-Yield Savings Accounts
 * Best Checking Accounts
 * Best Kids Savings Accounts
 * Money Market Accounts
 * CDs
 * Savings Goal Calculator
 * Banking Reviews


MORTGAGES

 * Best Mortgage Rates
 * Best Mortgage Lenders
 * Mortgages 101
 * HELOCs
 * Conventional Mortgages
 * Jumbo Loans
 * Fixed vs. Variable Rate Mortgages
 * Finance Calculators


CREDIT CARDS

 * Credit Card Basics
 * Credit Card Offers
 * Secured Credit Cards
 * Credit Card Reviews


MANAGING MONEY

 * Budgeting Tips
 * Best Budgeting Apps
 * How to Build a Budget
 * How to Save Money Fast
 * How to Build Credit
 * Get Your Free Credit Score
 * Managing Debt


GENERAL

 * About Us
 * Advertise
 * Contact Us
 * Editorial Guidelines
 * Pitch us a story NEW
 * Review Methodology
 * Calculators


OTHER RELATED SITES

 * Money.ca
 * BestCards
 * Half Banked

Investing
 * Best Investment Apps
 * Best Alternative Investment Platforms
 * Best Robo-Advisors
 * How to Invest in Gold
 * How to Invest in Stocks
 * Best Investments Right Now
 * How to Retire
 * Expert Investing Tips
 * How to Invest in Real Estate

Banking
 * Best Savings Accounts
 * Best High-Yield Savings Accounts
 * Best Checking Accounts
 * Best Kids Savings Accounts
 * Money Market Accounts
 * CDs
 * Savings Goal Calculator
 * Banking Reviews

Mortgages
 * Best Mortgage Rates
 * Best Mortgage Lenders
 * Mortgages 101
 * HELOCs
 * Conventional Mortgages
 * Jumbo Loans
 * Fixed vs. Variable Rate Mortgages
 * Finance Calculators

Credit Cards
 * Credit Card Basics
 * Credit Card Offers
 * Secured Credit Cards
 * Credit Card Reviews

Managing Money
 * Budgeting Tips
 * Best Budgeting Apps
 * How to Build a Budget
 * How to Save Money Fast
 * How to Build Credit
 * Get Your Free Credit Score
 * Managing Debt

General
 * About Us
 * Advertise
 * Contact Us
 * Editorial Guidelines
 * Pitch us a story NEW
 * Review Methodology
 * Calculators

Other Related Sites
 * Money.ca
 * BestCards
 * Half Banked

 * ©2024 Wise Publishing, Inc.
 * Privacy Policy
 * Cookies
 * Terms of Use
 * Subscription Agreement
 * Advertising Disclosure
 * Text to Speech
 * Site Map
 * Community Guidelines