Middle Class Families Moving from Coast to Riverside-San Bernardino Metro Areas

By: Sharjeel Sohaib

• 

Dec 10, 2021

 • 

Californians living close to the beach (the coast) have moved to hills and mountains in the Inland Empire. The influx of middle class families to this area was induced by a pandemic-triggered situation. According to an estimate by the Wall Street Journal, the increase in families moving to the Inland Empire grew by a factor of 50% in the last one year, which makes it 250k people moving to this area.

The Tradeoffs

The Wall Street Journal’s analysis of census data and its findings shared by the journal show interesting and beneficial tradeoffs people struck by moving from the coast to Inland Empire.

For instance, they could find more space for less money compared to Los Angeles County and San Francisco. It was because home prices in both of the areas were significantly higher than those in the Empire.

Median Price of Home

Image 2
Source: Wall Street Journal

Ontario: A Home Building HotSpot of California

In August earlier this year, we reported about Ontario, CA becoming a new homebuilding hotspot in California. The residential housing boom is triggered by multiple factors, the pandemic being one of them.

“The recent data from Federal Reserve of St. Louis shows job postings were up 8.3% from a year ago in Riverside County and San Bernardino County. That represents the highest growth in the nation. New home communities serve the families of these workers, as well as families moving from coastal regions and urban centers looking for affordability and more space.”

Caitlyn Lai-Valenti​, senior marketing director for Brookfield Residential

Priced out of L.A.

It’s not that the pandemic has started this influx of families choosing to leave other parts of the country, especially the Bay Area, and L.A. County. It’s not even that the logistics and distribution boom in the Inland Empire region has caused something to make it happen. The reason might be somewhere else.

Take for example, a study by ‘Market Urbanism Report’ that found families are being priced out of L.A.; and the displaced are moving east to Riverside and San Bernardino.

“Los Angeles is a giant pump that pulls in people from other countries and all across America, then recirculates them.” Living costs are a major reason why.

Market Urbanism Report

We will report further on the latest demographic changes shaping up in the Inland Empire. Last week we shared the news about Leal Master Plan for a 160-acre Leal property in Eastvale being termed as the next big business opportunity in the empire.


Our goal at Startempire Wire is to act as a megaphone to connect the dots between the best startups, events, and people in the Inland Empire. Don’t forget to subscribe to our YouTube channel, and like/follow us on FacebookTwitter, and Instagram

Author

  • Avatar Of Sharjeel

    Sharjeel joined Startempire Wire as emerging technologies editor. Earlier, he worked at Silicon Canals, a leading English language technology media source for the Benelux and wider Europe. He covered the European technology and startup ecosystem digging into latest funding rounds of startups.

0 Comments

Submit a Comment

Connecting you with the best startups, people & events in the Inland Empire.

Related Articles

Riverside County Startup Pharm Robotics Headed to the THRIVE Demo . . .

Riverside County Startup Pharm Robotics Headed to the THRIVE Demo . . .

Thrive by SVG Ventures's annual demo day will take place at Inventures on June 1, 2022, in Calgary, Alberta. The annual Demo Day Event highlights entrepreneurs that have been hand-picked to join the company's award-winning Accelerator Program. Pharm Robotics is one of...

Caravanserai Project Calls Mission-driven Innovators in the Inlan . . .

Caravanserai Project Calls Mission-driven Innovators in the Inlan . . .

The Caravanserai Project Social Impact Startup Pitch Competition displays mission-driven innovators from across the Inland Empire who are working to develop and implement irreversible system change solutions to several issues. The competition will be held on May 26th,...

Stay Up On Startempire News

Access Premium Content

Startempire Wire premium content access is free during the beta period of our  website.  Join during beta and get a grandfathered discount when we launch.

$5 for first month then $15 per month

Get Every Update

Would you like to receive Startempire Wire updates in your inbox? Subscribe below!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.

Follow Us

Follow Startempire Wire on other social media channels.

"*" indicates required fields

 
This field is for validation purposes and should be left unchanged.