Why More Americans Are Moving During The Pandemic
Since the dawn of the new millennium, the number of Americans moving to new cities has gradually fallen.
But, the global pandemic has changed that trend. Throughout the past year, companies have been transitioning their employees to remote workplaces — and many of those companies are choosing to keep their employees working from home indefinitely.
Research from the Pew Research Center shows that nearly 1 in 4 Americans moved or know someone who has moved during the pandemic.
That’s a drastic change from 2019. Data from the U.S. Census Bureau confirms that in 2019, less than 10% of U.S. residents moved to a new home, which is the lowest rate of moves since the Bureau began keeping records back in 1947!
Now that the pandemic has bucked the trend of fewer moves, studies are looking into where Americans are choosing to relocate.
The folks over at Bloomberg compiled information from thousands of Americans who moved in 2020. Their research suggests that most people are leaving large cities like New York and San Francisco in search of other up-and-coming metro areas like Denver, Raleigh, and Tampa Bay.
Axios notes that it’s important to consider the number of young adults who have moved back in with their parents during the COVID-19 pandemic.
According to a survey from Pew Research Center, a staggering 52% of young adults (18 to 29) are living with their parents — the highest percentage since the Great Depression.
As always, the team here at Good Guys is eager to help you with your transition. If you’re in the market for a move, give us a quick call!