More Californians are considering fleeing the state as they blame sky-high costs, survey finds

CNBC:

A growing number of Californians are contemplating moving from the state — and not due to wildfires or earthquakes but the sky-high cost of living, according to a survey released Wednesday.

The online survey, conducted last month by Edelman Intelligence, found sentiment of leaving the nation’s most populous state highest among millennials.

Fifty-three percent of Californians surveyed are considering fleeing, representing a jump over the 49 percent polled a year ago.

“There’s no doubt that California’s economy, for all of its strengths when it comes to innovation and creating these industries that people want to be part of, is struggling with high costs,” said Aaron Terrazas, a senior economist with online real estate site Zillow. “Costs have gotten way ahead of incomes in California, and that’s making a lot of people think about whether it’s worth the hurdles.”

According to Edelman, 63 percent of millennials in the 2019 survey indicated they were considering moving from sunny California. The chief reason for dissatisfaction: housing.

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