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If you picked up the SJ Mercury News this morning (or accessed it online), you’d find a plethora of statistics relative to the flight of SF Bay Area residents out of this state and to other states.
In the last three years, there has been a net migration outflow of 292,000 families since 2000, basically 3% of the Bay Area’s population. Some observations:
- California, New York and Illinois lost the highest percentages of residents.
- States that gained the highest percentages were Idaho, Florida and Montana, followed by Texas, South Carolina, South Dakota, Utah, Arizona.
- California lost 100k+ to Texas just from 2020 to 2021. They lost between 50k and 75k to Nevada and Arizona, and between 25k and 50k to FLorida, Oregon, Idaho, Washington and Colorado.
- There has been a net migration away from the SF Bay Area every year since 2018.
- High earners left the counties of San Francisco, San Mateo, Santa Clara. Napa gained some high earners, as did Marin and Sonoma County.
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“New IRS data show the speed with which blue states are losing taxpayers—and their adjusted gross income (AGI)—is increasing. A recent Wall Street Journal analysis found that more than 100,000 people left Illinois in 2021, taking with them some $11 billion in AGI, nearly double its 2019 total. For New York it was $24.5 billion, an increase of more than 150 percent from 2019. California, meanwhile, saw its AGI loss ($29 billion) more than triple since 2019.
That people are migrating from these states is important. But who is migrating is equally important, and the data paint a bleak picture for these states. Taxpayers giving up on the Prairie State and the Empire State made about $35,000 more per year than new arrivals. For Florida, the data are even more stark. The average income for a new arrival to the Sunshine State was roughly $150,000—more than double those leaving.
“In other words, the geese with the golden eggs are flying away,” writes economist Daniel Mitchell, referring to the IRS data.”
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I don’t think it’s even close to over. As this economic pinch sets in even more people are going to be looking to exit blue heaven for red freedoms.
it’s amazing how much California’s leadership has taken for granted. Newsome is a numbskull.
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Sic transit gloria mundi (so shut up and get back to work) -
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I can only hope these relos aren’t Cali demtards taking their same F ed up libtard politics and voting patterns with them to whenever they move
“I remember that one fateful day when Coach took me aside. I knew what was coming. "You don't have to tell me," I said. "I'm off the team, aren't I?" "Well," said Coach, "you never were really ON the team. You made that uniform you're wearing out of rags and towels, and your helmet is a toy space helmet. You show up at practice and then either steal the ball and make us chase you to get it back, or you try to tackle people at inappropriate times." It was all true what he was saying. And yet, I
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I can only hope these relos aren’t Cali demtards taking their same F ed up libtard politics and voting patterns with them to whenever they move.
I think most Californians understand that the west coast in general and California in particular is an oasis for lefty thinkers, and once they leave, their protections vanish, so to speak.
A college friend of mine left Orange County for Southlake, TX and now considers himself a Texan, down to the cowboy hat and boots. Another good friend was 75 pounds overweight, hating life, and left Silicon Valley for Denver, Colorado. He dropped the weight quickly, and really enjoys Colorado. And to be frank…as much as I hated the weather, I really enjoyed my time in Detroit and Washington, DC. Thinking about moving back, tbh.
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A similar exodus is happening in Portland/Multnomah County. Taxes are levied on high wage earners for everything from funding “the Arts” to Preschool. Multnomah County voters recently rejected a capital gains tax earmarked to pay legal aid for evicted tenants. Proponents stated the measure failed because gains on primary residences where not excluded. Opponents of the measure doubt it was a mistake, believing the intent was to include gains on all real estate.
Residents of Seattle are moving out, but not to the extent seen in San Fransisco. Fisher Investments announced it moving it’s HQ to Texas just hours after the State Supreme court upheld a tax on capital gains.
At some point one would hope voters would wake up. It would be nice, but at this point, too much to hope for.
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“At some point one would hope voters would wake up.“
They are. You cite Fisher Investments. And it may be “narrow” in terms of the number of voters, but that is less true of the tax base.
Thank goodness that states must balance their budgets annually. As they sew, so shall they reap…or fail to reap in this case.
Isn’t their an old saying about running out of other people’s money?
Here's a toast with one last pour, may it last forever and a minute more;
Good fortune seems to you have sung, to live and love way past long
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The Mercury reported on changing Bay Area demographics this morning. Latino population stayed stable as a percentage of the overall demographic between 2010 and 2020 censuses, about 23%.
– 38% increase in 65 and older population
- 12% decrease in 5 and under population
- Caucasians and African-American populations declined about 20%.
- Asians, now the largest demographic group, grew about 25%.
San Jose has shed 50,000 residents since July, 2019. San Francisco has lost 73,000 people since 2019.
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High tech types aren’t just leaving the SF Bay Area for domestic options, they’re moving to London as well:
The US tech chiefs waving goodbye to San Francisco to set up home in London | Daily Mail Online
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California’s population has shrunk by 1.4% since 2020 despite the nation’s overall population growing by 2%. Therefore, California will likely lose four of its 52 seats in the House of Representatives (we lost one after the 2020 census, first HoR loss ever).
Why the sun is setting on California, the (once) great golden West
California has lost more than 1 million residents since COVID. IRS data indicates the young and talented are moving to Florida and Texas.
Why? 13.3% punitive income tax, highest in the nation. IRS SALT deduction now limited to $10k. 8.84% corporate tax rate, average SALT rate of 8.82%, ranking California 48th best (or 3rd worst, after HI and MA) in tax profiles. Chevron is writing off $4 billion thanks to Governor Handsome’s idiotic policy. And in two years, the Guv has transformed a $98 billion surplus into a $68 billion structural deficit. Housing affordability crisis. 4 of the 10 most expensive metro areas in the U.S (SJ, LA, SF and OC). $100 billion bullet train fiasco. 700k illegal immigrants granted state-paid health care.
Why the sun is setting on California, the (once) great golden West | Washington Examiner
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CA population up 0.17% in 2023, first year of growth since 2019. State is still 1.2% smaller than it was in 2019 and lost a representative in the House in 2020 (as did NY, IL, PA, OH, MI and WV). TX gained two and FL, NC, CO, OR and MT each gained one. California will likely lose one in 2030 as well.
Top three reasons: drop in international migration linked to pandemic travel restrictions, deaths from COVID and people leaving for states with more affordable housing.
California exodus left a gaping population hole. Can the Golden State bounce back? (msn.com)
Lots of people still want to move out thanks to substandard housing. LA county is still down by 340k people and SF, Santa Clara and San Diego counties each have about 40k people fewer than in 2019.
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