San Francisco is one of the most desirable cities in the US. Still, it seems like many people are moving into and out of San Francisco at the same time. It is understandable why people are coming, however, the question is why so many people are leaving. Verified Movers has prepared a preview of San Francisco’s main migration statistics in previous years and we will take a look at the current situation regarding the recent pandemic and how it is affecting the city.
The living costs in San Francisco are exceptionally high. That might be one of the reasons for people to move out of the city
The first thing that you need to think about whenever you are considering moving to another city is living costs. The living costs differ around the country and you do not want to end up in a place with particularly high living expenses without knowing that in advance. Unfortunately, if you consider moving to San Francisco, you will be moving to a city with one of the highest living expenses in the US. Or maybe this is exactly why you are thinking about relocating out of San Francisco.
Median living costs in San Francisco
Rents are high, food costs are high, and the only thing where you will get some kind of a break is with your utility costs. But that is only thanks to the mild climate. Winders are mild and it is never too cold. And the same goes for summers where it is rarely too hot. So the general electricity, heating cooling, and water consumption are lower than in the rest of the country. Naturally, if you are relocating to San Francisco because of a well-paid job you will not mind high living costs and you can start dialing long distance moving companies California to schedule your move. But just before you do, take a look at median living costs in San Francisco in 2020:
- Median home rent $4,300
- The average one-bedroom apartment rent $3,500
- Median utilities cost for a 915-square-foot apartment $154
- An average household spends $430 per month or $5160 per year on food and groceries
- Average yearly car insurance rates $2,257
The median household income in San Francisco is well above the national average
Are these figures starting to scare you? Do not worry too much. A monthly income of around $5,000 per month or $60,000 per year will allow you to live a normal life in San Francisco and maybe even to save something along the way for unexpected events that happen at least a couple of times per year. You know, things like home or car repairs, dental issues, or similar. As far as high rents are concerned, $3,500 average for a one-bedroom apartment is pretty high, but there are parts of the city where you can rent a place well below that figure. The good side of San Francisco is that it has one of the lowest unemployment rates in the whole country and a median household income of $104,552.
If you are moving to San Francisco and you do not have a job waiting for you, make sure that you have the money to cover at least 6 months of expenses
Still, if you are moving without a job, you need to have money for at least 6 months to cover your expenses, which is around $30,000. Also, do not forget to estimate your moving costs before you run the entire moving operation especially if you are moving cross country.
Average relocation costs when relocating into and out of San Francisco
Cross country relocations are the most common type of move when it comes to moving into and out of the City by the Bay. Here are the average moving costs in 2020:
One bedroom apartment average moving costs
- Under 50 miles an average relocation cost is $240 – $675
- 250 miles an average relocation cost is $800 – $2,300
- 1000 miles+ an average relocation cost is $950 – $2,900
- 2500 miles+ an average relocation cost is $1,300 – $3,800
2 – 3 bedrooms home average moving costs
- Under 50 miles an average relocation cost is $710 – $1,400
- 250 miles an average relocation cost is $1,400 – $3,950
- 1000 miles+ an average relocation cost is $2,100 – $7,800
- 2500 miles+ an average relocation cost is $3,400 – $7,900
4 – 5 bedrooms home average moving costs
- Under 50 miles an average relocation cost is $1,100 – $4,900
- 250 miles an average relocation cost is $2,050 – $4,700
- 1000 miles+ an average relocation cost is $4,900 – $8,100
- 2500 miles+ an average relocation cost is $8,400+
Make sure that you hire a reputable and trustworthy moving company if you are moving to San Francisco across the country
As you can see, long distance relocation for a 4-5 bedroom home can easily go well above $8,000. And with all those fraudulent movers that are out there waiting to rip you off if you are not careful your price could go even higher. Therefore, when you decide to move make sure that you find professional and reliable long distance moving companies to help you out. Websites like Verified Movers that have large databases of reliable companies could be a good place to start your search.
Many people who are relocating to San Francisco are coming from other distant states
Long distance relocations are exactly what is going on when people are migrating into San Francisco. As San Francisco is one of the most popular cities in the US, many people from California are coming here, despite Los Angeles being the main center and the most famous city. Still, the surprising thing is that many people are coming to San Francisco from the east coast states like New York, Massachusetts, or even Florida. Of course, the abundance of well-paid jobs is the major cause of this trend. But we shouldn’t disregard the sheer beauty of the city itself that is pulling a lot of people to move here.
Where are those people coming from the most?
Naturally, most people that are coming to San Francisco are coming from California, but immediately after are people from New York. Naturally, if you are moving to San Francisco from New York, the length that you will need to cross suggests that you can expect exceptionally high relocation costs, which is why it is crucial to find trustworthy and reputable long distance moving companies New York. Companies with fair prices and no history of fraudulent behavior. Anyway let’s take a look at where are the people relocating to San Francisco coming from:
From what states are people coming from when relocating to San Francisco
Here is the list of top 10 states whose residents like to move to San Francisco most often
- New York
- Washington DC
From what cities are people coming from when migrating to San Francisco
When we look at particular large cities, the situation changes a bit.
- 1% are coming from New York, NY
- 4% are coming from Los Angeles, CA
- 4% are coming from Brooklyn, NY
- 7% are coming from Boston, MA
- 2 % are coming from Chicago, IL
- 1% are coming from Washington DC
- 9% are coming from Seattle, WA
- 2% are coming from Somerville, CA
- 2% are coming from Cambridge, MA
- 38% are coming from other cities
Many people are moving into and out of San Francisco. When they decide to leave, where are they moving most often?
On the other hand, when we look at where are people relocating out of San Francisco going the situation looks pretty much the same. It all goes with a theory that many people move here out of curiosity, after a while, they decide that it is not what they hoped for, and decide to move back to their parents’ home. Most, around 14% of people relocating out of San Francisco are going to New York, NY. The second is Los Angeles. But Seattle, as the third, might come as a surprise. Naturally, if you are in San Francisco right now and you are among those who are thinking about moving to Seattle, think well before you hire long distance moving companies Washington. Only with reputable movers, you can expect fair prices and decent service. Anyway, here are the most popular cities people leaving San Francisco move to:
- 3% are moving to New York, NY
- 1% are moving to Los Angeles, CA
- 34% are moving to Seattle, WA
- 3% are moving to Brooklyn, NY
- 48% are moving to Austin, TX
- 97% are moving to Chicago, IL
- 93% are moving to Denver, CO
- 76% are moving to Boston, MA
- 41% are moving to Portland, OR
- 9% are moving to Atlanta, GA
Numbers in 2020 do not look promising for San Francisco. There are many people currently moving out of the city
These are the numbers and percentages of people relocating into and out of San Francisco from 2018. and from 2019. Unfortunately, things are not looking as bright in 2020. This years’ numbers tell a completely different story. This year’s numbers tell us, and what moving companies have confirmed, that almost all relocations going on in the city right now are 100% outbound relocations. People are leaving San Francisco as well as other large metropolitan areas mainly because of the problems caused by the coronavirus pandemic.
Recent lockdowns and job uncertainty are driving people out of one of the most expensive cities in the US. However, it is not so obvious at a first glance. Empty streets might just be a result of people being scared for their health and avoiding to leave their homes as much as possible. However, that is not the case. When we look at this year’s sales tax collections in San Francisco and compare those numbers with surrounding cities it is clear that people are not here. That they have fled the city. Take a look at the drastic drop in sales tax collections in San Francisco comparing 2019 and 2020:
2019 sales tax collections
- Restaurants and bars – $14.5 million in sales tax revenue
- Food and drug stores – $3.1 million in sales tax revenue
- Online sales $10.2 million in sales tax revenue
- Other $26 million in sales tax revenue
- Total $53.8 million in sales tax revenue collected in San Francisco
2020 sales tax collections
- Restaurants and bars – $5.1 million in sales tax revenue
- Food and drug stores – $2.9 million in sales tax revenue
- Online sales $10.3 million in sales tax revenue
- Other $12.5 million in sales tax revenue
- Total $30.8 million in sales tax revenue collected in San Francisco
One number tells us that everybody fled the city
Here we can see a significant drop in the collected sales taxes, which is understandable considering lockdowns and the situation altogether. However, when we compare these numbers with similar-sized and surrounding cities one thing stands out. All those cities like Los Angeles, San Diego, or Sacramento had similar drops except for the online sales. Online sales taxes collected in California had an average 30% increase all except San Francisco who had a marginal 1% increase in online sales tax collected. This one little thing tells us that there are not more people moving into and out of San Francisco. Currently, there are only people who are leaving the city. Hopefully, this is just a temporary situation. And everything should go back to normal once things with the coronavirus settle down and life goes back to normal.
The situation in 2020 is not representative. Once life comes back to normal, San Francisco migration will stabilize as well
As you can see, even though there were many people moving into and out of San Francisco in recent years, the situation in 2020 has dramatically changed. Of course, this is just a temporary thing and the situation will come back to normal soon.