Why High-Earning Buyers Are Moving to Silicon Valley from LA, New York, and Seattle

Jessica Heredia • May 5, 2026

For years, the migration story in the U.S. has sounded predictable: people leave expensive coastal cities for lower-cost places like Phoenix, Austin, or Florida. But a different kind of move is happening now. Some buyers are doing the opposite — leaving high-cost cities like Los Angeles, New York, and Seattle for Silicon Valley, even though it’s more expensive.


That sounds backwards at first. But once you understand what’s pushing people out of those cities and what Silicon Valley offers in return, the logic becomes a lot clearer. This isn’t just a housing decision. It’s a career decision, a lifestyle decision, and for many buyers, a long-term strategic move.


Three Cities, One Shared Problem

Los Angeles, New York, and Seattle are all dealing with a similar pressure point: housing costs have risen so far that a lot of buyers feel like the math no longer works.


In all three markets, many residents work in industries like tech, media, finance, or other high-skill fields that are increasingly portable. Remote and hybrid work made it easier for people to reconsider where they live, and once commute stress, family needs, and long-term affordability enter the picture, many buyers start looking for something else.


Most of the people leaving these cities are heading to cheaper markets. But there’s also a smaller, more interesting group leaving for a place that costs even more: Silicon Valley. That’s the group worth paying attention to, because their move reveals what they value most.


When Los Angeles Stops Making Sense

For many Los Angeles buyers, there comes a point when the price of a home no longer feels connected to the quality of life it delivers.


LA is expensive, and it’s not just the purchase price. Buyers often have to factor in school districts, neighborhood fit, commute times, and long-term livability. For families especially, getting into a home that checks all the boxes can mean spending well into the low to mid seven figures before they’ve even narrowed down the search.


Then there’s the commute. Los Angeles is spread out, job centers are scattered, and driving 45 minutes to well over an hour each way is common. A “moderate” distance can turn into a full-day drain because traffic is so unpredictable.

That’s why some LA buyers start looking at Silicon Valley. Not because it’s cheaper — it isn’t — but because they’re not buying a lower price. They’re buying into a completely different ecosystem.


New York’s Blind Spot

New York has a different feel, but the same underlying tension.


The citywide numbers can make the market look more manageable than it really is, especially because co-ops and smaller apartment inventory can pull the median down. But for families who want a single-family home, a condo in a good school district, or a lifestyle that works long term, the real number is usually much higher.


Since the pandemic, remote and hybrid work has given New York buyers more flexibility. At the same time, some buyers who were waiting on the sidelines found an opening as rates and inventory shifted in 2025. But the bigger issue isn’t just affordability.


If you’re in New York and thinking about a move to Silicon Valley, you’re probably not leaving because you can’t afford to stay. You’re leaving because you want access to a different kind of career upside. New York is strong in finance, media, and increasingly tech, but it can’t match the concentration of AI research, venture-backed startups, and early-stage innovation that Silicon Valley offers.


That difference matters. And for some buyers, it matters enough to justify paying even more.


Seattle’s Broken Trade-Off

For years, Seattle was the “smart compromise” for tech workers.


It had a strong tech scene, major employers, and a lower cost of entry than the Bay Area. A lot of people accepted the trade-off: earn well, stay in tech, and pay less than you would in Silicon Valley.


That story has weakened. Tech hiring has cooled, layoffs have hit hard, and the job market has become less reliable for many workers. At the same time, housing in Seattle didn’t become dramatically more affordable. Prices stayed relatively sticky, and homes are taking longer to sell.


For a certain kind of ambitious buyer, that changes the equation. Seattle no longer feels like the place where momentum builds. It feels more like the place where momentum slows down.


And when that happens, people often don’t look for cheaper. They look for better.


The Word That Explains It All

If there’s one word that explains why people move from Los Angeles, New York, and Seattle to Silicon Valley, it’s this: concentration.


Silicon Valley concentrates capital, talent, innovation, and opportunity in a way almost no other market in the country can match. It’s home to a huge share of venture investment, a massive number of patents, and an unusually high concentration of billion-dollar companies.


That concentration creates something people can feel in daily life. You’re surrounded by people working at a very high level. You hear new ideas constantly. You build relationships with founders, investors, engineers, and operators who are shaping what comes next.


If you’re a software engineer, AI researcher, startup founder, or someone who wants to be close to where the next big companies are being built, that kind of environment is hard to replace.


For many buyers, that’s worth more than lower housing costs somewhere else.


What Access Actually Costs

Of course, Silicon Valley is expensive. Very expensive.


In markets like San Jose, Santa Clara, Palo Alto, Sunnyvale, Mountain View, Cupertino, and Menlo Park, home prices reflect the same concentration that attracts buyers in the first place. High-paying jobs, strong schools, and tight supply all push prices higher.


For buyers coming from Los Angeles, the jump can be dramatic, especially if they’re already stretching to afford a home in the low millions. For New Yorkers, the move can feel even more intense because the comparison is not just about price — it’s about what kind of home, neighborhood, and school district they want access to.


Still, many buyers make the move because they see it as an investment in their future, not just a housing purchase.


What the Commute Really Looks Like

One thing out-of-area buyers often ask is what daily life actually feels like here.


The good news, if you can call it that, is that many of these buyers are already used to long commutes. So they’re not expecting Silicon Valley to be magically easy. What changes is the structure of the commute.


In Los Angeles, job centers are spread all over the region, which makes driving feel endless and unpredictable. In Silicon Valley, the main employment corridor is more concentrated. Many buyers live 5 to 15 miles from work and aim for a 20 to 40 minute drive on a normal day.


For New Yorkers, the shift is often from transit-heavy living to car-dependent living. For Seattle transplants, the commute may feel familiar, but the opportunity landscape is very different.


The point isn’t that commuting gets effortless. The point is that the trade-off feels more rational when you’re moving closer to the center of gravity for your industry.


This Is Not Just a Housing Choice

People leaving Los Angeles, New York, and Seattle for Silicon Valley are not trying to save money. They’re spending more on purpose.


They’re doing it because Silicon Valley offers something those other markets can’t fully replicate: concentration. Concentration of capital. Concentration of talent. Concentration of opportunity.


That’s why this move makes sense for the right buyer. It’s not about finding a cheaper home. It’s about buying into the market where the career upside is strongest and the network effect is real.



For the right person, that makes the higher price worth it.

Jessica Heredia

Bringing strategic market awareness, transparency, and personal dedication to your biggest real estate moves.

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