A recent report from StorageCafe says America’s pandemic-era relocation boom is officially cooling with interstate migration falling to its lowest level in 2024. They say 7.15 million Americans moved across state lines that year – just over 1 million fewer than the 2022 peak, representing a 13% drop in two years. Texas and Florida are still gaining residents, albeit at half of last year’s pace, and the Midwest is seeing a comeback. Interestingly they say Gen Z has quietly become the most mobile generation in America.
Some key takeaways:
- Texas & Florida remain the top states for net domestic migration.
- Gen Z has overtaken Millennials as the most mobile generation.
- Ohio, Michigan & Wisconsin are emerging as increasingly attractive migration destinations.
- New Hampshire & Maine convert the highest share of new residents into homeowners
Click here to read the full report at StorageCafe.
