Story perspectives

California Faces Exodus: 216,000 Leave Amid High Costs

4/1/2026

Summary

Story summary

California lost a net 216,000 residents in 2025 due to high living costs and inflation.
A UC Berkeley study found that departing residents save an average of $700 monthly on housing and are 48% more likely to own homes.
JPMorgan Chase CEO Jamie Dimon proposed an $80 billion plan focused on small business lending and financial education to address these issues.
Dimon criticized high taxes in California and other blue states as factors in the migration, with Texas, Arizona, Washington, and Nevada being popular relocation destinations.

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Story summary

California lost a net 216,000 residents in 2025 due to high living costs and inflation.
A UC Berkeley study found that departing residents save an average of $700 monthly on housing and are 48% more likely to own homes.
JPMorgan Chase CEO Jamie Dimon proposed an $80 billion plan focused on small business lending and financial education to address these issues.
Dimon criticized high taxes in California and other blue states as factors in the migration, with Texas, Arizona, Washington, and Nevada being popular relocation destinations.