The median sale price for a home in California is more than double that in the rest of the nation. 

Median statewide home prices
California $549,000
Texas $295,000
Arizona $339,000
Nevada $344,900
Oregon $420,000
Washington $420,000
(as of 4/1/2018, source Realtor.com)

As a result, over a million more people moved out of California from 2006 to 2016 than moved in, according to a new report, due mainly to the high cost of housing that hits lower-income people the hardest.

MW-GI343_ca_mig_20180501170723_ZH

 

More:  California homeowners spend an average of 21.9% of their income on housing costs, the 49th worst in the nation, while renters spend 32.8%, the 48th worst. The median rent statewide in 2016 was $1,375, which is 40.2% higher than the national average. And the median home price was — wait for it — more than double that of the national average.

Fascinating stuff, read the whole thing:  www.marketwatch.com

Hat tip marketwatch.com