California will see more professionals moving in 2023 than any other state by a wide margin, according to a new report from the National Association of Realtors.
Nearly 87,000 Golden State professionals left for opportunities elsewhere, and only 60,000 moved to California, the association found, based on U.S. Census Bureau data. There were 9,000 people.
“The high cost of housing, especially in areas like San Francisco and Los Angeles, combined with the high cost of living, has led many workers to move to cheaper states like Texas and Arizona,” the report says. states.
The association said California’s high state income taxes are also a key factor, driving workers to states with more affordable tax policies. The top destinations were Texas (14%), Arizona (9%), Washington (8%) and Nevada (7%).
Net immigration trends in the United States. October 2024 (National Association of Realtors)
Other cities with net worker losses in 2023 include Illinois, Louisiana, Massachusetts, New Jersey and New York.
The regions with the most job changes were primarily in the southern United States, including Virginia, Texas, Tennessee, South Carolina, Georgia, and Florida.
The association notes that comparisons can be difficult because the nation’s most populous states naturally see more people coming and going.
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“Larger states naturally have more people coming and going, and migration numbers are often much higher simply because they have more residents,” the report says. “This makes it difficult to compare fairly with smaller states, which may have smaller populations overall but may be more attractive on a per capita basis.”
According to the latest census data, California’s population will increase to approximately 39 million people in 2023 after three consecutive years of decline.
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