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Saturday, July 24, 2021

Census Shows California's Boom is Gone (and Why It's Not Surprising)

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Author: Shawn Hubler
This post originally appeared on NYT > U.S. News

Census Shows California's Boom is Gone (and Why It's Not Surprising)

Older adults have outpaced growth in children or working-age adults to become the state’s fastest-growing age group. The state projects that by 2030, more than nine million Californians will be over 65.

The cost of housing is one of the state’s signature challenges. Lisa Hershey, the executive director of Housing California, estimates the state is short at least 1.2 million units of affordable housing. The median price for a single-family home in California hit a record $ 758,990 in March, according to state figures, up 24 percent from a year ago.

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In 2017, according to state figures, 1.7 percent of California’s population moved to other parts of the nation, and 1.3 percent of the population moved to California from other states. In 2019, 1.7 percent moved to other states while 1.0 percent moved in.

Critics of the state’s governance often contend that its system of taxation, which leans heavily on high earners, has driven out wealthy Californians. But research has shown that lower-income families are the ones departing.

“The people who are leaving the state are the people who can’t afford to live here,” Ms. Hershey said.

Though a majority of Californians were born in the United States, more than a quarter of residents have come from other countries. For most of the decade, immigration more than made up for the loss of Californians deciding to move to other states.

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In the past several years, however, that stream of newcomers slowed markedly.

Immigration represented between 0.4 and 0.5 percent of California’s annual population increase through the first half of the decade, according to Mr. Palmer. But starting in 2017, when former President Donald J. Trump took office, that began to decline, to less than 0.1 percent last year.

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Census Shows California's Boom is Gone (and Why It's Not Surprising)
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