Tag Archives: Mansion Global

Moving on Out to Sacramento

When it comes to the Silicon Valley tech start-up revolution, of course people in the industry want to be in San Francisco where it seems to all be happening.  But when it starts becoming less viable financially other regions begin to look quite a lot more attractive. One of these is Sacramento.

Prices are so out of control in San Francisco that according to the U.S. Census, there was a higher number of people moving out than in.  The numbers just don’t make sense.  For what you pay in the Bay Area, you can get double the space in Sacramento County, 80 miles northeast of San Francisco.

As noted in a recent article in Mansion Global,

“The median price of a condo in San Francisco is now hovering around $1.176 million and it’s $1.6 million for a house, according to first quarter data from Paragon Real Estate Group. By contrast, the typical home in Sacramento selling for $1 million is a single-family house spanning about 4,500 square feet with four bedrooms and an office.”

Plus in general, the cost of living is 33% lower in Sacramento, CA than San Francisco, CA.