Leave a Message

Thank you for your message. We will be in touch with you shortly.

Why Are So Many Gen Zers Moving To California?

WRE News February 12, 2024

Buyer

Why Are So Many Gen Zers Moving To California?

There has been no shortage of news and talk regarding outbound migration from California, but a new Zillow (NASDAQ:Z, ZG) analysis of the U.S. Census Bureau’s 2022 American Community Survey (ACS) has found Gen Z interstate movers are flocking to the Golden State.

While Texas is the number one choice for Gen Zers seeking to relocate to another state, California was the second choice. This goes against the flow of migration trends – in 2022, nearly 215,000 movers left California in 2022, but the state also recorded a net positive gain of nearly 44,000 Gen Z adults who moved there from other states, according to the data released in October.

Zillow also noted that Gen Z movers are heading to other relatively more expensive states compared to all interstate movers – Washington, Colorado and Virginia were among the top 10 states with the highest Gen Z net migration but minimal or negative net migration among all movers who switched states.

And what are the Gen Zers getting upon arrival? Zillow pointed out that more than three-quarters of Gen Z adults who moved to these pricier states are renting (77%) – and the new arrivals are forking over more per month to rent in California ($1,856), Washington ($1,592), Colorado ($1,594) and Virginia ($1,440) versus the median rental price nationally ($1,300).

“Compared to all interstate movers, Gen Z adults who moved to California, Washington, Colorado or Virginia were more likely to have a four-year college degree, more likely to be serving in the military, and more likely to work in tech, ACS data shows,” said Edward Berchick, a principal population scientist at Zillow. “Gen Z movers are likely drawn to the job opportunities in these states, despite the higher costs of housing. They may also be in a stage of life where they’re willing and able to be flexible in their standards of living while starting their careers.”


Recent Blog Posts

Stay up to date on the latest real estate trends.

Lifestyle

3 Ways Parents Protect Kids From Social Media’s Mental Health Effects

December 21, 2024

Parents are increasingly aware that too much time on social media can harm kids’ and teens’ mental health.

Lifestyle

Christmas Star 2024: When To Show Your Kids The ‘Star Of Bethlehem’ Tonight

December 21, 2024

What’s the bright star in the east — and west?

Lifestyle

20 Innovative Breakthroughs That Will Transform Your Health

December 21, 2024

There are always new frontiers in health care: diseases whose treatment and cures still elude us; biological and medical mysteries that we’re yet to crack; public heal… Read more

Buyer

‘Silver Tsunami’ of Aging Boomers With $17 Trillion in Home Equity Will Trigger Wave of Wealth for Their Kids

December 20, 2024

Children of baby boomers are set to be on the receiving end of one of the largest generational wealth transfers in history as their parents prepare to bequeath them a … Read more

Buyer

Title Insurance Premium Volume Up 5.3% in Q3

December 20, 2024

The title insurance industry generated $4.3 billion in title insurance premiums during the third quarter, according to new data from the American Land Title Associatio… Read more

Lifestyle

Michael Phelps Says These 2 Parenting Tricks Are His Key To Raising Mentally Healthy Kids

December 20, 2024

When Olympic swimmer Michael Phelps wakes up in the morning, he asks himself how he can be his best self that day, not only for his own mental health, but also for his… Read more

We are Your GPS to Success Let’s Get Started

We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today

Follow Us On Instagram