California Growth Rate At Record Low As More People Leave Than Move In – CBS Sacramento – Sacramento, California

Sacramento, California 2020-12-16 14:41:11 –

Sacramento, California (CBS13 / AP) —California saw the slowest growth rate in the U.S.’s most populous state record, adding just 21,200 people during the year ended in July, said the state. Authorities said Wednesday.

For the second year in a row, more people have left California than they have migrated to the state, resulting in the loss of 135,600 net migrants. People left the state as many as last year. However, far fewer people migrated to California, especially during April-June, when the state was curfewed due to a pandemic.

California had a low birth rate this year. But even after deducting the dead, California added 156,600 to its population.

Overall, the state’s population increased by 0.05% from 0.23% in the previous year. Currently, its total population is 39.78 million.

The latest estimates are from the California Treasury and cover population changes from July 1, 2019 to July 1, 2020.

Recently in the spotlight is Tesla CEO Elon Musk, who has moved to Texas. In Texas, tech giants Hewlett-Packard and Oracle will also relocate their headquarters.

Matt Fringe, 68, moved from San Francisco to Reno, Nevada on Tuesday. He has lived in California for 25 years and said he was tired of paying high income taxes and was dissatisfied with the deterioration of his neighborhood. There is no state income tax in Nevada.

Other articles on CBS Sacramento:

“I loved San Francisco when I moved here in 1996. I thought San Francisco was the best city in the United States. I won’t give you nickel now,” he said. “I think there is a quiet rebellion.”

Sacramento is seeing a housing boom while many leave the state. Real estate company ranks Sacramento as the hottest real estate market in the country for next year. The report shows that the pandemic has helped put Sacramento on the home purchase map.

Sacramento is the country’s top city in terms of home sales and price increases, with a total increase of 24.6%. The cities that conclude the top five were San Jose, Charlotte, Boise and Seattle.

This report increased the freedom to work remotely as the number one reason buyers from the Bay Area are flocking to Sacramento.

(Copyright 2020 CBS Broadcasting Inc. All Rights Reserved. The Associated Press contributed to this report.)

California Growth Rate At Record Low As More People Leave Than Move In – CBS Sacramento Source link California Growth Rate At Record Low As More People Leave Than Move In – CBS Sacramento

Back to top button