People Leaving California
IRS tax return migration data (2021→2022) shows where Californiaresidents are going and who's moving in.
Net Migration
-73,498
households
Moved In
14,715,341
households
Moved Out
14,788,839
households
Avg Income (Inflow)
$125,287
per household
💡 Investment Signal: California is losing population. This may indicate weakening demand, but can also mean lower property prices and higher cap rates for investors.