Over half of Los Angeles residents under the age of 35 have entertained the idea of leaving the city because housing is too expensive.
A new survey by the L.A. Business Council shows 60% of Angelenos considered moving out. 35% said they’ve given the thought some serious consideration. The majority of people surveyed said they can’t keep up with the rising costs of living.
“You can figure out food. You can figure out medical care. If you’re born and raised here, you get used to driving, but the idea of housing, for the most basic of shelter, is probably where 95% of my stress goes to,” a 28-year-old renter from the San Fernando Valley told the Los Angeles Times.
The 2024 LABC Institute Housing Affordability Survey was done in partnership with the L.A. Times. They surveyed 600 registered voters in L.A. between April 3-7.
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