“34% of Californians say they are considering moving out of the state due to housing costs,” according to statistics from a new report from the Public Policy Institute of California.
It’s a nonprofit think tank founded in 1994 “to inform and improve public policy in California through independent, objective, nonpartisan research.” (Founded with a grant from Bill Hewlett of Hewlett-Packard, it also gets funding from the David and Lucile Packard Foundation). The report’s startling conclusion? “After a century of explosive growth, California is likely to become a slow-growing state.” After the year 2030 California’s seniors (older than 65) are expected to outnumber its children. “In 2020, California had nearly four residents ages 18-64 for every adult 65 and older. This ratio is expected to drop to 2.8 by 2030 and 2.2 by 2060, if current trends continue.”
Births are outpacing deaths by over 106,000 people a year. (Even during the pandemic California had a lower COVID mortality rate than most states.) And international immigration remained a net positive with a 90,000-person increase in 2022. Yet all of this was offset in 2022 by a net loss of 407,000 people migrating out of the state.
California already has a population of 39 million — but the full report cites July 2023 projections from the state’s Department of Finance that now “suggest that the state population will plateau between 39 and 40 million residents in the long term.”
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