While the Covid-19 pandemic may not have influenced the overall US moving rate, lots of people moved in 2020! These COVID-19 moving statistics have had a ripple effect throughout the industry.Īs remote and hybrid work options increase, we anticipate that 2022 moving trends will remain steady-even with rising interest rates and housing prices affecting the overall housing market. #31 2% of moves are made by government agencies #30 16% of moves are military-related and funded #28 44% of Americans moving are individuals/families #27 8.5% of moving companies employ more than 100 people #26 The moving industry is comprised mostly of small businesses – 47.8% of moving companies in the U.S. #25 Millennials (age 25 to 35) are moving less than previous generations, with 20% of Millennials reporting a move this past year in comparison to 26% of Generation X in 2000 #24 The average “movers” are between 18 and 34 years old with one or two children Potential homeowners may take advantage of the lower interest rates or extended mortgage terms often offered to first-time homebuyers. Renters, especially those with flexible or remote working schedules, may opt to relocate to take advantage of lower housing rates or more convenient access to amenities. Increased rental and home price rates are key indicators of an economic recession, but this doesn’t necessarily mean that people will press pause on their plans to relocate. Median house prices and rental rates are also rising, with the average rent exceeding $1,400 and the average home price exceeding $300K. #15 There are around 50,000 moving trucks in the U.S.Īs of November 2022, the US Census Bureau notes that the average homeownership rate in the US is 66%, up just slightly (0.6%) from November 2021. #14 The most common items people move are household goods, electronics and office equipment. #13 Around half of all moves take place in the summer, between the beginning of May and Labor Day. #12 Moving rates are on the decline – the number of people moving each year is about half the of what it was in the 1960s #11 Professional movers handle approximately 650,000 relocations per year #10 The top reasons people move are housing-related (40%), followed by family-related (27%) then job-related (21%) #9 People are staying local: 65% of all moves in the US are in-state, and occur within the same county #8 People moving abroad account for only 4% of all moves #7 11% of Americans move to a different state #6 82% of Americans move within their home state #5 Around 3 million Americans make an interstate move every year #4 Approximately 27 million Americans move each year (8.4% of Americans) #3 The average American moves 11.7 times in their lifetime Now, on to the specifics! Here are several moving industry stats you might not know: The US Census Bureau report notes that, while moving rates were slightly higher in 2020, the global pandemic did not significantly impact the overall moving statistics, which has steadily declined following 1995’s spike in movers and the moving rate. Of Americans that did move, the Census reported that approximately 250,000 people relocated to the Southern US while about 227,000 moved to the Northeastern US – an overall migrational decline of 0.9% from 2020. #2 The average cost for an in-state move is $980Īccording to the 2021 US Census Bureau Migration Report, the US population is growing, but fewer people are moving. #1 The average cost for an interstate move is $4,100 While we don’t recommend going it alone, those individuals looking to stretch their money further when relocating can benefit significantly from labor only services which carefully load and unload your pre-packed belongings. Some households prefer to take a DIY approach by investing in short-term mobile storage (Like U-Haul’s packing cubes and trailers) or loading up the car and making the trek to their new home themselves! Depending on how far you’re moving, freight fees to safely transport your items long-distance can quickly add up. For example, selecting a full-service moving company to pack and ship your items is a desirable option if you’re short on time or selling an out-of-state property - but it’s not for everyone! For those not able to splurge on full-service movers, homeowners or renters control moving costs by going the DIY route and packing their belongings.Īnother major moving cost is transportation expenses. paying to transport items cross-countryĪ significant and common expense associated with moving is labor costs. If moving long-distance, renting mobile self-storage vs.Moving costs can fluctuate significantly based on several factors, such as:
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