Primary Moving Motivation: Affordability
- 85% cite seeking more affordable housing or a lower cost of living as their top reason for moving.
Generational Moving Patterns
- 49% of Gen Z and 42% of millennials plan to move, compared to only 27% of baby boomers.
Popular States to Move To
- Top dream destinations: California (11%), Hawaii (9%), Florida (9%).
Average Moving Costs
- Local move: $1,250 average cost.
- Long-distance move: $4,890 average cost (for 1,000 miles).
High Migration Areas
- Largest influx in 2022: Florida, Texas, and the Carolinas.
| Statistic | Detail |
|---|---|
| Top Reason for Moving | Affordability (85%) |
| Generational Intent to Move (2023) | Gen Z (49%), Millennials (42%) |
| Dream Destinations | CA (11%), HI (9%), FL (9%) |
| Average Cost of Local Move | $1,250 |
| Average Cost of Long-Distance Move | $4,890 |
| States with Largest Influx (2022) | Florida, Texas, Carolinas |
Sources
- Architectural Digest Study on Moving Trends
- HireAHelper 2023 Moving Trends Report
- National Association of Realtors (NAR) Migration Report
- U.S. Census Data Analysis
- Tatyana Meshcheryakova of Moving.com
This stat sheet synthesizes key data points into a clear, concise format, prioritizing the most critical statistics at the top and providing a straightforward overview of moving trends and costs leading into 2024.
February 6, 2024
Author: By Timothy Spruill