The California exodus continues as residents head south of the border

Source: CNBC — 

More than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington.

And a rising number of former Californians are migrating out of the country altogether and are instead heading south of the border. Many are seeking a more relaxed and affordable lifestyle in Mexico.

California continuously ranks high as one of the country’s most expensive states to live in. The median asking price for a home in California is about $797,470 — only 25% of the state’s households could afford that in the fourth quarter of 2021.