Trending cities of Californians re-locating

Member since 2023 · 2 posts · 0 votes

Looking for opinions on trending cities Californians are re-locating to leaving California. Wanting to acquire properties close to California with low property taxes, tax incentives to purchase, economic booming cities, and gen z popularity. This will be our first time investment property. Keeping everything at a conservative cost, as it being 1st time as an investment buy with the idea to buy small with continue buys and gains.

Thank you!

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Rick Albert

Real Estate Agent · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes

Typically we are seeing Californians go to Tennessee, Florida, and Texas. What do the three have in common? No state income tax. That means if someone here in California is making $100K/year, assuming they can keep their income, will automatically get a $13K pay bump in tax savings.

Atlanta is seeing a lot of growth because of the entertainment industry, so I do agree with John.

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Jonn Vidal
Bel Air, CA · Member since 2017 · 165 posts · 47 votes
3y
MAIN reason seems to be COST OF LIVING vs income, followed by families fleeing the psy ops & urban crime outbreak!
Top 5 so far in 2023:
- Dallas, TX
- Austin-San Marcos TX
- Chicago, IL
- Atlanta, GA
- Seattle-Bellevue-Everett, WA
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Rick Albert
Real Estate Agent · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
3y
Typically we are seeing Californians go to Tennessee, Florida, and Texas. What do the three have in common? No state income tax. That means if someone here in California is making $100K/year, assuming they can keep their income, will automatically get a $13K pay bump in tax savings.
Atlanta is seeing a lot of growth because of the entertainment industry, so I do agree with John.
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Nathan Harden
Real Estate Agent · Puyallup, WA · Member since 2022 · 551 posts · 379 votes
3y
Vegas and Austin have a HUGE influx of Californians going there. Still are able to enjoy nicer weather but with the perks of no state income tax.
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Basit SiddiqiBusiness Member
Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
3y
Quote from @Rick Albert:

Typically we are seeing Californians go to Tennessee, Florida, and Texas. What do the three have in common? No state income tax. That means if someone here in California is making $100K/year, assuming they can keep their income, will automatically get a $13K pay bump in tax savings.
Atlanta is seeing a lot of growth because of the entertainment industry, so I do agree with John.
A person making $100,000 a year in California is likely saving around $6,000 in state taxes(Assuming single and no itemized deductions).
13.3% doesn't kick in until $1,000,000
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Rick Albert
Real Estate Agent · Los Angeles, CA · Member since 2018 · 2k+ posts · 1k+ votes
3y
Quote from @Basit Siddiqi:

Quote from @Rick Albert:

Typically we are seeing Californians go to Tennessee, Florida, and Texas. What do the three have in common? No state income tax. That means if someone here in California is making $100K/year, assuming they can keep their income, will automatically get a $13K pay bump in tax savings.

Atlanta is seeing a lot of growth because of the entertainment industry, so I do agree with John.

A person making $100,000 a year in California is likely saving around $6,000 in state taxes(Assuming single and no itemized deductions).
13.3% doesn't kick in until $1,000,000

Thanks for the clarification! In either case, depending on price point they are still likely to be ahead paying higher income tax than what they would be paying on the difference in property taxes.
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Julien J.
Investor · CO · Member since 2016 · 757 posts · 1k+ votes
3y
Interesting, I didn't expect Everett WA to be a top contender.
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