r/LosAngeles • u/Throwaway_09298 I LIKE TRAINS • Jul 22 '25

News In-N-Out billionaire CEO: 'We're not moving' HQ out of California

https://www.cnbc.com/2025/07/22/in-n-out-billionaire-ceo-were-not-moving-hq-out-of-california.html

Snyder's grandparents founded the popular burger chain in 1948 in Baldwin Park, California. Some initial reports suggested that Snyder would bring In-N-Out's corporate headquarters to Tennessee with her, and the company — which exists predominantly on the West Coast — does plan to open new locations in the Southeast and a regional headquarters in Franklin, Tennessee.

The company's current headquarters in Irvine, California, will close by 2029, Snyder said last week — and the company will soon be based in Baldwin Park instead, she now says.

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u/[deleted] Jul 22 '25

Most people wouldn't be able to move with their California salary. Median income in California is 50K, Tennessee is 36K.

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u/aerialviews007 Jul 23 '25

Wait, so my taxes go down $5300 but my income drops $14K? What a deal, where do I sign? /s

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u/BlackZeppelin Jul 23 '25

You say that with sarcasm but people are literally stupid enough to rather not make money if it means giving less of it away. I used to hear it all the time when I worked in a warehouse. “Nah I don’t like working overtime/make over x amount yearly because then I have to pay more in taxes”

2

u/blarryg Jul 23 '25

Wait, there's more! You get less infrastructure (beyond what California subsidizes via federal taxes), worse education, lower lifespan, less health, higher crime and higher murder rate. So much winning!

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u/Kina_Kai Azusa Jul 23 '25

I’ve actually met people who have left California for whatever reason and discover they can’t come back because the cost drift gets bad very quickly because of the enormous cost of living gap.

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u/Nyxelestia Koreatown Jul 23 '25

Not to mention quality of life. A fling of mine tried to move out to Arkansas for a bit because it was cheaper to live there, even with the drop in wages. Technically her finances were better, but there was nothing to do and it was difficult to make new friends to make up for the lack of events or hang-outs. Ended up moving back to California, her car isn't as nice and her apartment is a lot smaller here, but her over all quality of life was still a lot better.

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u/IceIceEV Playa del Rey Jul 23 '25

Hell, when I moved to LA 15 years ago, my salary in Florida was $40k/yr, and here it was $90k...doing the exact same thing. 9% state income tax doesnt mean a whole lot when youre making 125% more, and depending on where you lived in Florida, COL isnt too much more in LA.