San Francisco Bay Area Experiences Mass Exodus Of Residents

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SAN JOSE (KPIX 5) – The number of people packing up and moving out of the Bay Area just hit its highest level in more than a decade.

Of course people come and go from the Bay Area all the time, but for the first time in a long time, more people are leaving the Bay Area than are coming in. And the number one place in the country for out-migration is now, right here.

Russell Hancock with Joint Venture Silicon Valley said, “Silicon Valley has been this place that is growing. And it was mostly growing because…people relocating here and relocating from other parts of the world. That’s changing.”

Joint Venture Silicon Valley’s own study of the out-migration says workers are moving to Sacramento, Austin, and Portland due to a number of factors. But topping the list is the high cost of housing.

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