For the better part of two decades, the Bay Area has been a magnet for
newcomers lured by a modern-day technology Gold Rush. But increasingly only those who have struck it rich can afford to stay.
Once a bohemian mecca that welcomed the Beat poets and '60s hippies, San Francisco now lays claim to the most expensive housing in the West, with a median home price of $1.4 million. There's also $5 a gallon gas, private schools priced like universities and chic restaurants that cost nearly double the national average.
Earlier this year, the San Francisco Bay Area was second only to New York – and ahead of Los Angeles, Washington and Chicago – when it came to
people leaving major U.S. cities. More than 28,190 departed in the second quarter of 2019, almost double 2017's rate, according to a regular
Migration Report from real estate brokerage Redfin.
The most popular in-state option for San Franciscans fleeing high costs is Sacramento, where the median home price is $350,000. Out of state, Seattle, at a $580,000 median, offers the biggest draw, Redfin data shows.