GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
That helps explain why California easily ranks first among the states in both population and gross domestic product.
Californias population has mostly been on the decline this decade.
The Golden State did see a net gain of 67,000 residents in 2023, the AP reported.
But that was the first year since 2019 that the population didnt decrease.
Here are fourfinancial reasons to move out of California, including real estate investments.
Thats more than double the national median of $361,500.
Nationally, the percentage that sold for above the list price was only 34.6%.
Natural Disasters
Real estate is not just an investment its also a physical piece of property.
Now many of those retirees face the prospect of losing their homes to extreme weather conditions.
According to a Climate Change Risk Index compiled bySafeHome.org, California ranks No.
10 in the country in terms of its exposure to extreme weather events.
On the bright side, California is not among themost expensive states for property taxes.
The Golden State ranked third behind Hawaii and Massachusetts with a cost-of-living index of 139.7.
More From GOBankingRates
Share This Article:
