04/10/2021

People are fleeing Silicon Valley for Nevada, Texas and Idaho, report finds

The heart of the nation’s tech sector, the astronomically expensive Santa Clara County, leads the state in residents looking to move out of town, a new report found.

Using property searches and census data, analysts at realtor.com found that a larger share of residents are leaving Santa Clara County — home to tech behemoths Google and Apple — than any other county in California. Nearby San Mateo County, where Facebook is headquartered, came in second, just ahead of Los Angeles County.

“They’re looking for affordability and not finding it in Santa Clara County,” said Danielle Hale, chief economist for realtor.com.

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