Fascinating piece in the WSJ showing that white-collar workers are trading their expensive lives in the nation’s most densely populated areas for cheaper, greener pastures. Online real estate company Zillow calls it the “Great Reshuffling.” These moves will reshape transportation, real estate, and an emerging fixture of American life: the exurb.
The Great Reshuffling will likely make these far-flung exurbs richer and denser. The median household income across U.S. exurbs was $74,573 as of 2019, according to data from The American Communities Project. That likely ticked up over the last year as city dwellers in major job centers such as San Francisco and New York relocated to exurbs for the same or similar salaries. In 2019 the median household income in the San Francisco Bay Area was nearly $115,000 and in the New York metro area it was more than $83,000.