The Bay Area saw the largest drop in household income of any big U.S. metro region as wealthy people moved away — and current residents of all incomes are more likely to relocate soon than in…
. The San Jose area also lost tens of thousands of residents. More people moved away, but a decrease in births, an increase in deaths and fewer people migrating to the region during COVID-19 were also factors.
The new census report on income data didn’t indicate where rich Bay Area residents might have moved. But it did show median incomes soared in many popular pandemic destinations throughout the South and Southwest. Phoenix had the largest increase of any major metro in the country, rising 5.2% to $75,731. San Diego saw a 2.2% boost to $91,003, and median income in Atlanta jumped 2.1% to $77,589.
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