"Speaking from Nashville ahead of the launch of his memoir "Young Man In A Hurry," Newsom was pressed on families who had ditched the Golden State for Tennessee. Bash said: "California has the highest cost of living in the US, 11% above the national average. Families are leaving because they can't afford rent, a home, or to raise a family." Newsom shot back with a different set of figures, boasting that California has climbed from the sixth- to fourth-largest economy in the world."
"Over the past decade and a half, nearly 10 million people have left the state for elsewhere in the US, while just over seven million have moved in, resulting in a net domestic loss of roughly three million between 2010 and 2024, according to the American Community Survey. The numbers underscore the pressure facing many households. California prices were about 11% higher than the national average in 2024, according to the US Bureau of Economic Analysis."
California's cost of living is about 11% above the national average, with housing costs 53% higher and utilities 60% higher than the US norm. The state has grown for the third straight year to roughly 40 million residents, with several hundred thousand people moving in over the past two to three years. Over the 2010–2024 period, nearly 10 million people left for elsewhere in the US while just over seven million moved in, producing a net domestic loss of roughly three million. The state ranks among the world's largest economies and leads in industries such as AI, quantum, robotics, and agriculture. These economic strengths coexist with persistent affordability pressures that drive interstate outmigration.
Read at California Post
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