In the last couple of years, many people across America began to leave big coastal cities such as Los Angeles, New York, and San Francisco, in search of a more affordable life in the many other cities the United States has to offer.
The cost of living in major American cities has skyrocketed in the last ten years. Research shows significant home price increase – Los Angeles with 94.32% median home price increase, New York 38.81%, and San Francisco 91.99%. Many have now found it difficult to maintain their lifestyle with the huge costs life in the big city comes with, and have started to look into alternative cities to call their new home.
The most notable factor for such a drastic move by so many Americans was the ripple effect caused by the COVID-19 pandemic. The work-life environment has drastically changed, with the outcome being a mass shift to remote work from a home office. With the flexibility this has to offer, it now doesn’t make financial sense for many to remain in the larger, more costly cities their jobs used to tie them down to.
Some took advantage of record-low interest rates to become homeowners. Renters are becoming buyers, and those who left big cities for smaller towns during the pandemic aren’t coming back. Many recognize the value of having more space, a big yard, a place for kids to play, and home offices for parents who are working from home.
Many planning their retirement are sticking to the East Coast in hope to live out their golden years.
According to the USPS, more than 36 million address changes were processed in 2019.
CITIES THAT LOST AND GAINED
THE MOST NEW RESIDENTS DURING 2020
Six out of ten cities that had the highest net gain of movers during 2020 were in Texas. The Lone Star State has many attractive features, such as a lower cost of living, a variety of smaller towns, and plenty of open space. Texas has experienced an inflow of more than 500,000 recent new residents, with the majority of them coming from California and Florida.
According to the USPS data, big cities lost the most inhabitants in the first six months of the pandemic. Looking closely into what cities experienced the highest net losses, some of the country’s most populous areas like Manhattan, Brooklyn, Chicago, and San Francisco made the top of the list.
Many analyses show that migration patterns from New York City have been a long-term trend, accelerated by the opportunity to work remotely over the past year.
Some took advantage of record-low interest rates to become homeowners. Renters are becoming buyers, and those who left big cities during the pandemic aren’t coming back. Many recognize the value of having more space, a big yard, a place for kids to play, and home offices for parents who are working from home.
SMALLER CITIES AND SUBURBS PEOPLE ARE MOVING TO
|San Francisco, CA||New York & Brooklyn, NY||Los Angeles, CA||Chicago, IL|
|Berkley Oakland Daly City San Mateo||Bronx Long Island City Staten Island Hoboken Jersey City||Glendale Pasadena North Hollywood Santa Monica Inglewood Long Beach||Evanston Park Ridge Naperville Arlington Heights Oak Lawn|
STATES THAT LOST AND GAINED
THE MOST MOVERS IN 2020
States such as Minnesota, New Jersey, and Texas are slowly replacing New York, California, and Florida according to recent findings. These states are affordable for living costs, the rents are cheaper, and if you’re lucky, you can work remotely from the comfort of your own home.
Moving trends have evolved, to say the least! It was once a dream of many to live in the most bustling metropolitan areas like Los Angeles and New York, but times have certainly changed.
It is projected that 56% of Americans are planning to move in 2021, a significant increase from last year where 35% of Americans relocated. Citizens are searching for more space, more affordable living costs, and less populated areas in suburbs or smaller cities.
Zip Moving & Storage has helped many customers move to their new homes, short and long distances. If you’re planning to move, we’re here to assist you with planning, packing, storing, and moving to ensure a smooth and seamless transition to your new destination.