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This has been common parlance in much of the US for a long time. I would hesitate to even call it slang at this point. It's a pretty commonly used term.
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Interesting question. I've never heard "relocators" used in this context, only "transplants." And I am familiar with that usage across cities etc.
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"Transplants" is a common term nationwide.

In Oregon, we often refer to people moving from California as transplants.

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It's not specific to SF but more or less yes
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Lots of transplants in Colorado too.
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