Every year, the face of California changes.
A new report lets us know just how much.
Wealthier people and those from states like New York and Illinois are moving in by the droves to California while young people with less money are bailing out to states such as Texas, Arizona and Nevada, a report from the state’s Legislative Analyst’s Office revealed Wednesday.
The underlying factors of these migration patterns are not spelled out in the report, but the data analyzed by the state’s fiscal and policy adviser office offers a pek at some interesting trends.
Between 2007 and 2016, some 5 million people moved in to California and 6 million people moved out to other states — a net loss of about 1 million residents, the report relayed.
Low-income folks moved out, high-income folks moved in
People making $55,000 or less a year were mostly moving out of California between 2007 and 2016, the report found, while people making more than $200,000 a year moved in.
More of those residents with lower income were moving to states like Texas, Nevada and Arizona. And more of those with higher incomes were coming into California from states like New York, Illinois, and New Jersey.Link to article