16,400 domestic residents leave Santa Clara County in 2018
Total net migration remained negative as the number of domestic residents leaving surpassed the number of foreign migrants moving to the area.
March 19, 2019
- Total net migration remained negative for a consecutive year as the number of domestic residents leaving Santa Clara County (16,400 residents) surpassed the number of foreign migrants moving to the area (15,877 residents).
- Foreign in-migration to Santa Clara remained elevated, with many attracted to ample job opportunities and a large innovation cluster. On the other hand, Santa Clara County’s high cost of living and worsening traffic congestion are some factors that may be pushing many domestic residents out of the county.
- In fact, domestic out-migration in Santa Clara County nearly doubled Alameda County (9,562 residents) and more than quadrupled San Francisco County (3,063 residents) in 2018.
- Moving forward, if factors such as high housing costs and long commute times remain, domestic out-migration could continue. However, there will likely still be a large enough base of talent necessary to maintain Silicon Valley as a tech epicenter, with strong foreign in-migration supplying a large portion of the talent base.
Source: JLL Research