Does 5 million people leaving California in the last decade surprise you? Why would Californians find themselves migrating from such a beautiful state? It's simple really. The quality of life they can experience in surrounding states is motivating the west coasters to move a step east. A staggering number of Californians left for other states during the last decade, according to tax return data from the Internal Revenue Service. About 5 million Californians left between 2004 and 2013. Roughly 3.9 million people relocated to California from other states during that period, for a population loss of more than 1 million people. This shift resulted in a net loss of about $26 billion in annual income to the state. About 200,000 of those migrating California residents left for Arizona which houses the second most Californians than any other state. The housing boom, recession and housing bust, which hit California harder than most states, likely played a role in the trend. The greatest population losses occurred during the housing boom, the IRS data show, when many Californians were priced out of the market. The recession caused many people to lose their homes and jobs and go to states with lower unemployment. Other analysis shows the state's high cost of living and tax structure were also contributing factors. It's estimated that the number of Californians moving from their current home state will only increase as the state continues to struggle with water supply issues.
Author:Amy Crawford Phone: 928-287-5575 Dated: November 17th 2015 Views: 166 About Amy: ...
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