There is a trend of mass relocation sweeping through the United States. Something similar was last seen during the COVID-19 pandemic.
Due to the social restrictions of the pandemic, many people chose to move from urban cities to suburban areas.
Data shows that relocation trends similar to those of the lockdown periods are again becoming prevalent in many US counties. The US Census Bureau, the United States Postal Service, and the National Association of Realtors (NAR) made some of the data available.
Analysis of relocation data indicates that several factors trigger relocation trends in the US. However, the most prominent of these factors are rent and real estate costs, small living spaces, and a high population per square mile of humans.
Of course, the migration of residents between US states is not as high as during the pandemic. However, the net migration rate seems to be taking a while to wear off.
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According to 2022 data from the US Census Bureau, Florida, Texas, and the Carolinas saw a net gain in local migration. Specifically, Florida, Texas, North Carolina, and South Carolina each got a net influx of 318,850, 230,960, 99,769, and 84,000 people, respectively. Analysts believe international migration also contributes to some states’ population growth rate.
Leading from the reverse end of the spectrum, California, New York, and Illinois are the greatest net losers of residents for 2022. California remains the most populous state in the United States. Still, it lost 343,231 to other states, while New York and Illinois lost 299,551 and 141,652 respectively.
Interestingly, data has many faces, and analysts are assessing these figures from various perspectives. For example, the NAR suggests that the recent interstate migrations are primarily a product change in people’s preferences.
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For example, people seek family-friendly neighborhoods with cheaper housing and larger or newer spaces. Regarding new houses, Texas ranks first among states with the highest volume of new houses between 2022 and 2023.
Likewise, data shows that interstate migrants are moving towards the southern Sun Belt. Unfortunately, home insurance policies are going through the roof.
With the many side effects of global warming, it has become essential to insure your house against natural disasters. However, insurance is becoming relatively higher in southern states than other parts of the country. Nonetheless, people seem to be braving the odds.
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So far, the weather in the Sun Belt is warmer, tax rates are low, jobs are available, and Americans keep trooping to the Sun Belt. So, naturally, the net migration of many of these states remains positive since the advent of the COVID pandemic.
Interestingly, a faculty member from the University of Minnesota shares a fairly similar perspective. While speaking to the data on a popular podcast, they suggest that families with children and senior citizens are likely to move across state borders and away from populated cities.
These kinds of families, or people, want serenity and outdoor recreation, all served on a platter of safety. Most Americans are trying to sidestep the ever-growing crime rates in the country.
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