Rich Californians flock to Las Vegas for cheaper property, lower crime rates and less taxes: Nevada city becomes the second most popular destination in the US – with lion’s share of homebuyers coming from Los Angeles

Wealthy Californians are flocking to Las Vegas, lured by lower real estate prices, lower crime rates and Nevada’s lack of income taxes, new home search data shows.

According to real estate brokerage Redfin, Vegas has become the second most popular place in the United States to move in the summer, with most people coming from Los Angeles, San Francisco and San Diego.

Southern California and Nevada have similar climates and cultures, but Nevada benefits from lower taxes and a lower cost of living.

Celebrities such as Mark Wahlberg and Dean Cain moved to Vegas from California last year, selling their expensive homes in exchange for more space and security for their families.

Homebuyers are also moving to Vegas from other major cities, including Seattle, New York, Chicago and Washington.

Homebuyers are eager to move to Las Vegas from major U.S. cities.

Homebuyers are eager to move to Las Vegas from major U.S. cities.

The lion's share of people wanting to move to Las Vegas come from Los Angeles.

The lion’s share of people wanting to move to Las Vegas come from Los Angeles.

Thousands of Californians have fled the Golden State to escape rampant homelessness and the high cost of living.

Thousands of Californians have fled the Golden State to escape rampant homelessness and the high cost of living.

The Redfin study is based on search data from two million home buyers.

Only Sacramento has surpassed Vegas as the most popular place to move, thanks to affordable housing attracting wealthy families from Los Angeles and San Francisco.

Las Vegas benefits from relatively low home prices, with a median home price of $412,000, half that of Los Angeles ($999,000).

More than 4,800 people were looking to move to Las Vegas from Los Angeles this summer, according to Redfin.

And earlier this year, DailyMail.com reported that about 17,000 people had surrendered their California driver’s licenses to the Nevada Department of Motor Vehicles.

Homebuyers are not only attracted by lower home prices and taxes, but also are fleeing California’s strict regulations and high crime rate.

Alexis Michaud, a real estate agent with Vegas-based brokerage Mullin Group, told DailyMail.com: “The California mansion tax has disappointed many Californians.

“This, coupled with the income tax rate, is what drove so many Californians to move to Nevada, where there are no taxes and a business-friendly environment.”

A record 2,000 luxury homes were sold in southern Nevada last year at an average price of $1.8 million, according to a Nevada State Bank report.

A record 2,000 luxury homes were sold in southern Nevada last year at an average price of $1.8 million, according to a Nevada State Bank report.

Dean Cain moved from southern California to Nevada last year, appreciating the quietness and lower cost of living.

Dean Cain moved from southern California to Nevada last year, appreciating the quietness and lower cost of living.

Mark Wahlberg left Los Angeles for Las Vegas in 2022, saying he wanted to give his children a

Mark Wahlberg left Los Angeles for Las Vegas in 2022, saying he wanted to give his children a “better life”

Superman actor Kane moved to Vegas last year, telling The Messenger: “I had to leave California.

“California has gone crazy in some ways. There was so much. Look at taxation. Look at the regulations.

“Look at the stupid laws that have been passed. There were things I didn’t agree with, but I voted here, lived here and worked here all my life. Finally I got to the point where I thought: I don’t agree with this.”

Unlike Democratic-run California, Republican-run Nevada has no personal income tax.

Cain said, “That’s a big savings. In many ways it made sense. I’m so happy. Traveling from Las Vegas is much easier than traveling from Los Angeles. This is incredible. This is the quietest place I’ve ever slept in my life.

“When I came here and saw the movement, I thought, ‘What is this foreign substance?’ I don’t like it anymore.” I don’t do this at all. This is cool.’

He added to Fox News: “I love California. This is the most beautiful state. Everything about him is great except politics.

“The politics are just terrible. Fiscal policy, crime mitigation policy, homelessness policy.”

The luxury real estate market in Las Vegas is experiencing a resurgence as wealthy Californians trade in their homes overlooking the Pacific Ocean for views of the mountainous Mojave Desert.  Pictured is a home in Vegas' tony Summerlin neighborhood that sold this month for $5.25 million.

The luxury real estate market in Las Vegas is experiencing a resurgence as wealthy Californians trade in their homes overlooking the Pacific Ocean for views of the mountainous Mojave Desert. Pictured is a home in Vegas’ tony Summerlin neighborhood that sold this month for $5.25 million.

Summerlin's rival, Henderson is an upscale city southeast of Las Vegas but still part of the Vegas metropolitan area.  Pictured is a home in Henderson that sold this month for $6.7 million.

Summerlin’s rival, Henderson is an upscale city southeast of Las Vegas but still part of the Vegas metropolitan area. Pictured is a home in Henderson that sold this month for $6.7 million.

As a result of the crowds of wealthy people flocking to Vegas, the luxury real estate market boomed.

A record 2,000 luxury homes were sold in southern Nevada last year at an average price of $1.8 million, according to a Nevada State Bank report.

Actor Mark Wahlberg also moved out of state in 2022, telling The Talk he did so to give his four children a “better life.”

He said: “I want to be able to work from home. I moved to California many years ago to pursue acting, and I only did a couple of movies the whole time I was there.

“So to be able to give my kids a better life and follow their dreams, whether it was my daughter being a horsewoman, my son being a basketball player, my youngest son being a golfer, it made a lot more sense to me. us.’

He reportedly sold his first Vegas home for $16.6 million in September, a year after buying it, but told People magazine: “We just moved from one house to another… We moved into a temporary place and now moved to another place.”

The Reno area has reportedly added 25,000 new residents since the start of the COVID-19 pandemic and is expected to be one of the fastest-growing cities in the coming years.

Homebuyers are looking to escape expensive, crime-ridden big cities like Los Angeles and San Francisco.

Homebuyers are looking to escape expensive, crime-ridden big cities like Los Angeles and San Francisco.

California residents and businesses began moving to the northern Nevada region back in 2014, when Tesla began building a battery plant near Reno.

The Tahoe-Reno Industrial Center has become the largest industrial center in the world, covering an area of ​​166 square miles.

The most popular place to move after Vegas is Sacramento – a much more affordable area of ​​California than San Francisco and Los Angeles, making it ideal for people who want to live somewhere cheaper but don’t want to leave the state.

According to Redfin, a typical home in Sacramento sells for $575,000, which is nearly a million dollars less than a typical home in San Francisco ($1,480,000).

With a 7 percent mortgage rate, the monthly payment for a median priced home in Sacramento is $3,889, compared to $10,010 in San Francisco.

Over the past few months, nearly a dozen prominent places have packed up and called it quits as local leaders continue to take a relatively liberal approach to crime.

Over the past few months, nearly a dozen prominent places have packed up and called it quits as local leaders continue to take a relatively liberal approach to crime.

Other headlines include the phrases

Other headlines include the phrases “garbage city,” “broken city” and “fallen city” as serious drug problems and widespread homelessness continue to pose problems for San Francisco.

Alison Williams, a Redfin Premier agent in Sacramento, said, “Most of them are moving not necessarily because they can’t afford the Bay Area, but because they want a bigger home and a better quality of life.”

“They are looking for luxury homes with spacious yards where they can raise a family.”

Most people move to Sacramento from San Francisco, Los Angeles, and San Diego.

It’s an easy way for families to escape crime-ridden areas of San Francisco.

The city is experiencing a rise in crimes such as robberies and murders and is set to lose $200 million a year due to business exodus that is causing large hotels and retailers to leave the city center.