The number of people moving in the US in 2022 fell by 20 per cent compared with the previous two years, according to a new report by Allied Van Lines. The Allied Magnet States Report said higher rents and interest rates, inflation, and falling wages were all factors in the drop.
It added that the most popular destinations for people who moved were in the country’s ‘Sun Belt’ region – including Arizona, South Carolina, North Carolina, Tennessee, and Texas – for better economic prospects and lower cost of living compared with destinations on the west coast and north east.
Illinois, Michigan, Pennsylvania, California, and New Jersey saw the biggest outward migration, while large metropolitan areas showed limited population growth as more Americans moved to suburban areas, driven by affordability and greater flexibility for home working.
More information on 2022 Allied US Migration report: https://www.allied.com/migration-map