Monday, June 3, 2024

California exodus continues, southeastern states as primary destinations

As the California exodus continues, a new migration trend is occurring, with southeastern and Appalachian states taking the top spots as inbound migration destinations, according to new reports.

According to a new Consumer Affairs 2024 Migration Trends report, "California's mass exodus continues to ensue," with the South and Southeast region of the country being the "Hottest regions for people moving." The states where the most residents said they were planning to leave are California, New York, New Jersey, Illinois and Washington.

The U.S. Census Bureau reported in 2022 that 8.2 million people moved from one state to another, with the majority moving to southern states, led by Florida and Texas.

From 2020-2023, California reported a 1.4% decrease in population as Texas and Florida reported 4.7% and 5% population increases over the same time period, the Census reported.

A new report by PODS identified a similar trend as Consumer Affairs: more people are moving to the southeast, but they are also moving from hotspots in Texas and Florida for less expensive regions in North Carolina, South Carolina, Tennessee, Georgia, and Alabama.

Florida lost its stronghold as the most popular state for move-ins, the report says-primarily due to skyrocketing insurance rates, overall decrease in home value appreciation, hurricanes and extreme weather events.

Citing Census data, Austin is "Reporting a decline in net migration for the first time in two decades," the report notes. 

https://www.thecentersquare.com/california/article_2b4ce7b2-1f8d-11ef-be90-4f20ecdb4a29.html

No comments: