California is losing residents at a high rate

The high cost of living in California is pushing many residents out-of-state. Cities are losing residents as costs become too high for nearly everyone.

Many residents are seeking lower costs in smaller California cities, and increasingly in cities located out-of-state.

USA Today reports that more than 28,000 left the San Francisco Bay Area in the second quarter of 2019, almost double the rate of 2017.

In 2018, 38,000 more people left California than entered, marking the second consecutive year of negative growth. A survey found that the majority of those people are leaving due to high expense.

The average cost of a home in Los Angeles is about 1.4 million dollars. In comparison, the average price in Phoenix is 280,000 dollars, said USA Today

Earlier this month, California Governor Gavin Newsom signed a bill to limit rent increases, and has committed 1.75 billion dollars to fund new housing infrastructure.

Still, residents worry that middle-class residents will increasingly suffer from high costs that are already in place.

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