They're calling it the "mass exodus." Families and individuals who lived in large cities before the Covid-19 pandemic are rumored to be headed in large numbers outside the cities. While the term "mass exodus" does not reflect the more subtle U.S. Census data, there is a trend that has been seen in the migration of Californians.
With the advent of remote work (and the likelihood that it will stay around for the unforeseeable future) and the rise in real estate prices in the more populated areas of California, more and more California residents are leaving the state and moving…to Texas.
The USC Lusk Casden Real Estate Forecast for 2022 shows that a large amount of Californians are moving to the state of Texas. In its graph of population outflow from California spanning from 2009 to 2022, data shows that this is a trend that has been going on for some time. According to this data, almost ten times as many Californians moved to Texas than Arizona, Nevada, Colorado, Florida, or New York. And for residents in the Southern California area, Texas is looking more and more enticing.
In 2019, according to the U.S. Census, more than half a million people moved to Texas. almost a tenth of them were from California. And one of the more popular destinations for residents of Southern California is Austin. Austin is the home to the University of Texas, a robust live music scene, and an increasingly large number of gourmet restaurants. And some Californians want to participate.
Compared to California, real estate in the state of Texas is significantly more affordable. Zillow clocks California's current average price of a home at $717,854 while Texas' average price of a home is $262,820. While the average salary in California is $79.495, compared to $62,685 in Texas, when compared to the cost of living in each state, there is literally more "bang for your buck" in Texas than in California.
With the shift to more remote work opportunities, Americans are gaining more and more autonomy over the place where they hang their hats. And some are taking advantage of this freedom to migrate to a completely different state. According to data compiled on Bloomberg, the majority of migrators (including Californians) are staying closer to home and shifting from more urban areas to suburban areas.
Some are predicting more resignations as the country shifts back into post-Covid-19 in-person work. It is yet to be seen whether this will spark more migrations, but when Californians do move out of state, they have been likely to head to the lone star state than any other in the union.