Migration study of US population, Americans are headed west
January 18th, 2007 by KenricWe all know that when demand > supply, prices go up. That’s why real estate investors track the migration patterns of the population. United Van Lines posted this report on the migration of the US population for last year. Looking at the chart it seems like people are moving from the big cities to states with alot of open space and less congested cities.
MOVING IN
Southeast states welcomed many new residents in 2006, with North Carolina coming in as the top destination (64.0% inbound). South Carolina (60.6%) continued its 13-year inbound tradition, while Alabama (57.5%) experienced its fourth year as a high-inbound location.
MOVING OUT
Michigan (66.0%) moved up a spot to tie for the top outbound state on this year’s list. Michigan saw a 2.1% increase over its 2005 numbers. New York (59.5%), which has been an outbound state since the survey was established; Indiana (58.2%), which has been high outbound since 1993; and Illinois (55.7%), which has been high outbound since the survey’s inception. Also continuing outbound traditions, New Jersey (60.9%, outbound since 1997), Pennsylvania (57.0%, high outbound for the past three years), and Ohio (55.8%, outbound since 1992) saw residents depart.
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