Florida the Most Popular Destination for Out-of-State MoversBy Devin Meenan
When a client is ready to list their house, the temptation is there to let them know about that amazing home you’re representing in the next neighborhood over. That said, many movers are looking to move somewhere more distant.
In fact, according to StorageCafe, 2022 had the highest on-record number for out-of-state moves (8.2 million), while the preceding decade had the lowest recorded number of same-state moves (37.8 million). The company has tracked data about recent movers and determined trends; 19 out of 50 states are experiencing a net loss of residents due to migration. What do these declining states have in common and where are these movers headed towards? The top 10 states the most people are moving towards are as follows:
This data is also consistent with the ongoing narrative of Southern states as the most booming region of the United States. Connecticut is the regional outlier here, though—why is a small northeastern state included alongside larger southern ones? In fact, the report suggests that cumulatively, the Northeast shed the most residents. The report indicates this is a sign of generational preferences shifting. Most movers are Millennials and they have driven this move to southern metropolitan areas. However, Gen Z movers want areas that support remote work, hence popular destinations for them are regions that do so: in particular, Connecticut and Washington D.C. The five states that have lost the most residents are:
Why is it these traditionally densely populated states that are shedding residents? The report suggests high pricing as a root cause, which in turn is sparking another generational shift. Gen Z’ers have grown up with the notion of large cities as unaffordable, so they’re less interested in moving there. Don’t think these areas will be abandoned, however. The report suggests that, for instance, Arizona and Connecticut are growing because they are in proximity to larger hubs (California for Arizona, New York and Massachusetts for Connecticut) while being more affordable to actually live in. For the full report, visit https://www.storagecafe.com/blog/state-to-state-moving-trends/. Devin Meenan is an assistant editor for RISMedia. |
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