While the percentage of permanent moves from major metro areas increased an average 3%, permanent moves from San Francisco increased 23%. This is the highest increase in permanent moves nationally. Even when looking at temporary moves, the rate doubled for San Francisco while nationally it increased 17%.
- 84% of moves during the pandemic were within the same metro area, in the case of the Bay Area, many moved to LA or less expensive cities like Sacremento
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The “Untethered Class” are people with no school-aged children, renters with remote-friendly jobs that tend to skew younger and higher income. San Francisco and the Bay Area have a higher percentage population of untethere which may help to explain why permanent moves from SF increased 23% when the national average was only 3%.