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From this San Francisco neighborhood, it's possible to look longingly across the Oakland Bay Bridge to Alameda County. Photographer: David Paul Morris/Bloomberg via Getty Images

We've all seen countless stories about San Francisco tech workers decamping for Texas and Florida — but according to U.S. Postal Service change-of-address records, they're mostly moving to Bay Area suburbs, the San Francisco Chronicle reports.

The big picture: The Chronicle analyzed postal service records and found that "the top six destinations for those fleeing the city were all Bay Area counties: Alameda, San Mateo, Marin, Contra Costa, Santa Clara and Sonoma."

  • After that came Los Angeles, San Diego, Napa and Riverside.
  • The No. 1 destination — Alameda County, where Oakland is the biggest city — is directly across the bay from San Francisco.
  • Austin and Denver were the "only two out-of-state destinations that made it into the Top 20," per the Chronicle.

Details: It is true that lots of San Franciscans moved away from the city during the eight-month period between March and November (which is what the Chronicle examined).

  • "While the influx of new residents coming into the city remained constant between 2019 and 2020, the number of households leaving skyrocketed by more than 35,000 — from 45,263 in 2019 to 80,371 in 2020."
  • Roughly 41% of the change-of-address requests were moves within San Francisco.
  • Those movers were taking advantage of falling rents — and the lower-rent trend could be a happy and lingering outcome of the pandemic, San Francisco economist Ted Egan tells the Chronicle.

Between the lines: The tally is city-specific and doesn't capture all the people coming and going from the Bay Area, which includes all the counties close to San Francisco proper.

  • Numerous real estate, moving and transportation companies have been trying to capture the migration patterns and have been feeding reporters (like me) surveys that show where people are going.
  • Those results don't always speak with one voice, but they do show consistent patterns.
  • For instance: "The No. 1 pick for people leaving San Francisco is Austin, Texas, with other winners including Seattle, New York and Chicago, according to moveBuddha, a site that compiles data on moving," Nellie Bowles writes in the New York Times.

Reality check: With companies like Oracle and Hewlett Packard Enterprise moving headquarters out of the Bay Area (to Austin and Houston, respectively), it makes sense that some workers will follow.

  • But as Axios' Scott Rosenberg writes, "Silicon Valley's powerhouses aren't putting out the "moving sale" signs, even as a handful of high-profile departures raises questions about the region's status."

Go deeper

A shake-up in the ranks of powerhouse cities

Data: Milken Institute; Chart: Axios Visuals

San Francisco fell from No. 1 and was supplanted by Provo, Utah, in the Milken Institute's annual ranking of big metropolitan areas with the best regional economies.

Why it matters: As the pandemic prompts people to move from pricey superstar cities to mid-tier ones where life is cheaper and easier, traditional powerhouses are being upstaged by smaller places focused on economic vitality.

2 dead and millions without power in Texas as winter storm sweeps U.S.

Workers clear snow from a parking lot in Midland, Texas, U.S, on Monday. Photo: Matthew Busch/Bloomberg via Getty Images

The Texas city of Abilene has had all of its water services shut off, as a deadly winter storm continues to pummel the state.

The latest: Over 4 million people across Texas were without power early Tuesday, as most of the state faced single-digit temperatures and sub-zero wind chill, according to the national utility tracker poweroutage.us.

Updated 4 hours ago - World

UK government: Kremlin has plan "to install pro-Russian leadership" in Ukraine

British Foreign Secretary Elizabeth Truss. Photo: Gints Ivuskans / AFP via Getty Images

The United Kingdom's Foreign Secretary on Saturday night said the government has "information that indicates the Russian Government is looking to install a pro-Russian leader in Kyiv as it considers whether to invade and occupy Ukraine."

Driving the news: U.S. National Security Council spokeswoman Emily Horne called the intelligence "deeply concerning" in a statement to Axios. The Biden administration has said Russia is actively manufacturing a pretext for invasion and warned that Putin could use joint military exercises in Belarus as cover to invade from the north.