Greater than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington.
And a rising variety of former Californians are migrating in a foreign country altogether and are as a substitute heading south of the border. Many are looking for a more relaxed and reasonably priced lifestyle in Mexico.
California constantly ranks high as considered one of the country’s costliest states to live in. The median asking price for a house in California is about $797,470 — only 25% of the state’s households could afford that within the fourth quarter of 2021.
California’s population growth has been declining for greater than 30 years now. But because of the rise in distant work because of the Covid-19 pandemic, those trends have accelerated. The flexibility to work anywhere has 62% of Americans considering moving to a latest country.
Nonetheless, there are some setbacks. Many critics argue that Americans are driving up the fee of housing for locals and pricing them out of the market.
Watch the video to learn more concerning the impact of this migration trend.