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HireAHelper U.S. Migration Study Shows 2023 Had Fewest Number of Moves Nationwide Since the 1940s
People priced out of relocation; Oklahoma tops in the US with net +40% gain of people moving in; California sees the largest net loss; Chicago is the
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[{"type":"text","content":"\nPeople priced out of relocation; Oklahoma tops in the US with net +40% gain of people moving in; California sees the largest net loss; Chicago is the nation’s top moving destination by total volume; 3 Florida cities now rival The Villages\n\n\n SAN DIEGO--(BUSINESS WIRE)--\nThe online moving marketplace HireAHelper, a Porch Group (NASDAQ: PRCH) company, today announced the findings of its sixth annual U.S. migration study. The study examines over 75,000 moving jobs booked in the United States in 2023 and identifies where the biggest shifts in state and city population have occurred, and dissects what is America’s most dormant migratory year since the 1940s.\n\n\nAccording to the study, 9% fewer people moved in 2023 compared to 2022. The 25.6 million Americans who moved in 2023 constitute 7.8% of the population, which is the lowest percentage of relocators ever recorded.\n\n\nThe nationwide study identified several socio-economic factors impacting American migration, such as “Lower cost of living”, “Cheaper rent”, and “Inflation” - which factored into 15% of all moves in 2023. Reasons such as “Moving in with family” and “Being closer to family” were also identified by roughly 30% of people moving over the last year. According to HireAHelper, 9% of people in the “sandwich generation” (people “sandwiched” between taking care of their kids and their aging parents) reported that parents aged 65 years or older moved in with them sometime during 2023.\n\n\n“The latest moving data suggests that over the last year, the U.S. has been a nation in stagnation,” said Miranda Marquit, Consumer Advocate and Spokesperson at HireAHelper. “People are being priced out of relocation due to rising interest rates, inflation, and household debt. The data shows that Americans are facing a new economic reality that has restricted their mobility and has them nesting down. And for those that did move, a greater number were in search of more affordable living arrangements compared to 2022.”\n\n\nOther noteworthy findings from the study identified the U.S. locations that saw large gains and loss in population, in terms of total volume and in net moves.\n\n\nKey findings include:\n\n\n\nThe states with the greatest net gain of new residents are Oklahoma (+40%), South Carolina (+35%), and Tennessee (+35%).\n\n\n\nStates with the greatest losses in residents ...