I was sent an interesting report showing where Americans have moved throughout 2017. The U.S.Census Bureau estimates the percentage of people that move every year equates to 14% of the population (or roughly 40 million). People move for a variety of reasons: housing, jobs, family, etc. But knowing migrating patterns can provide you with a better idea of the behavior and mindset of Americans. It also helps in making more informed real estate decisions. The following historical U.S. migration study by North American Moving Services provides you with the states that had the largest influx of moves and the states that have the most outbound moves. It’s also interesting to think about how these demographical shifts and changes could impact national elections in the months and years ahead: Below are some key takeaways from the report:
- Moving To – Arizona, Idaho, North Carolina, South Carolina and Tennessee are the top-5 states people are moving to.
- Moving Out – Illinois, Connecticut, New Jersey, California and Michigan are the top-5 states people are moving out of.
- Arizona became the leader in inbound moves. They have come in second each of the last three years.
- Illinois topped the list once again for the most outbound moves. This is the third time since 2011 they have earned this disappointing statistic. As we recently noted, Illinois lost a staggering ~125,000 residents in aggregate, or roughly 1 man/woman/child every 4.3 minutes for the entire year of 2017. In fact, recent Census Bureau numbers also confirmed that the mass exodus from Illinois was the largest of any state in the country.
- Tennessee made its first debut in the Top-5 for most inbound moves.
- California made its first debut in the Top-5 for the most outbound moves.
- Southern States – Georgia, Florida and Texas continue to remain in the top-10 steps people are moving to.
- Western States – In 2013 and 2014, Idaho wasn’t in the top inbound states. Then in 2015, it was #1. It remained #1 in 2016 and slipped to #2 in 2017. It is currently the nation’s fastest-growing state, with its population increasing 2.2% between July 2016 and July 2017. Oregon, Arizona and Colorado have consistently been in the top 10
- Midwest States – Michigan has been on the top 10 list of states with the most outbound moves since 2013. Iowa consistently had more outbound moves than inbound until 2017, when it had more people move to the state than out of the state. Kansas has consistently had slightly more outbound moves, as well as North Dakota and Ohio. South Dakota has gone back and forth in having more outbound and inbound moves. Wisconsin was consistently having more outbound moves until 2016.