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California Faces Record Exodus Amid Skyrocketing Living Costs

1/19/2026

29 2 Full Breakdown

Summary

Story summary

California recorded a net loss of about 216,000 residents in 2025, marking six consecutive years of out-migration.
The exodus is driven by high housing costs and economic pressures, with many relocating to Florida for no state income tax.
Luxury real estate broker Julian Johnston says billionaires move quickly to avoid a proposed 'billionaire tax'.
Los Angeles leads population loss, driven by high costs and environmental concerns.

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Story summary

California recorded a net loss of about 216,000 residents in 2025, marking six consecutive years of out-migration.
The exodus is driven by high housing costs and economic pressures, with many relocating to Florida for no state income tax.
Luxury real estate broker Julian Johnston says billionaires move quickly to avoid a proposed 'billionaire tax'.
Los Angeles leads population loss, driven by high costs and environmental concerns.