HERE’S WHY CALIFORNIA MILLENNIALS ARE INCREASINGLY DRAWN TO ARIZONA

LIVING IN PHOENIX, ARIZONA

 

Here’s Why Califoria Millennials Are Increasingly Drawn To Arizona

 

With booming tech and healthcare sectors, stunning outdoor landscapes, and family-friendly communities, Arizona has transformed into a vibrant hub of opportunity for all generations — especial for Millennials from California looking to make a move.

While it remains a haven for retirees, Arizona is also making waves with California Millennials. The state attracted the largest share of millennial movers (26%), followed by Gen Z-ers (20%) and Baby Boomers (18%). The promise of affordable housing, abundant job opportunities, and a lower cost of living is irresistible.

For many newcomers and Millennials, trading California’s sunny skies for Arizona’s desert is making homeownership a tangible reality. With an average home price of around $321K—less than half the cost of California’s $659K—plus a low individual income tax rate of just 2.5%, it’s easy to see why so many are making the leap.

Highlights from our California to Arizona migration study:

• 173 Californians relocate to Arizona daily, amounting to over 630,000 move-ins over the past decade—a population comparable to that of Tucson.
• 46% of new arrivals purchase a home within their first year in Arizona.
• 91% of former San Diego County residents became homeowners in Yavapai County, a Baby Boomer favorite known for the Prescott National Forest and the World’s Oldest Rodeo.
• The Stockton-to-Phoenix route is especially popular with millennials, with 72% of newcomers owning a home within their first year.
• Californians moving from Los Angeles to Phoenix, the most popular route between the two states, save an average of $361K on a home. Homes in Maricopa County are 49% cheaper than in Los Angeles County ($371,400 vs. $732,200).
• Phoenix remains a favorite for younger movers. The city’s median age is 34.9, compared to Arizona’s overall median age of 39.3.

- more at azbigmedia.com