LOS ANGELES (CBSLA) — All the gold it takes to live in San Francisco and Los Angeles has people fleeing two of the Golden State’s biggest cities.
According to a report by Redfin, the skyrocketing cost of living has more people leaving San Francisco than any other city in the United States, followed by New York and Los Angeles.READ MORE: Staples At Full Capacity For First Time Since March Of 2020 As Clippers Make History
“People leaving coastal hubs in search of affordability has been a consistent trend for the last five years,” Redfin’s chief economist Nela Richardson said in a statement.READ MORE: Digital Version Of COVID Vaccine Card Now Available To All Californians
The analysis was based on more than a million Redfin users searching for homes across 75 metro areas from October through December.
The outflow from these high-cost cities — despite the availability of high-paying jobs — is expected to intensify as tax reform kicks in.MORE NEWS: Caught On Camera: Mother, Daughters Working At San Bernardino Taco Stand Attacked
The cities with more people coming than going include Sacramento, Phoenix, Las Vegas and San Diego.