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Domestic Migration

All articles tagged with #domestic migration

us-news1 year ago

Mapping America's Migration: States Gaining and Losing Residents

New US Census Bureau data reveals a significant domestic migration trend in the US, with people moving from high-tax states like California, New York, and Illinois to lower-tax states such as Texas, Florida, and North Carolina. This shift is driven by factors like lower taxes, affordable housing, and better job opportunities in red states, which are perceived as more economically vibrant and business-friendly. The migration could influence future political landscapes, as states gaining population may gain more electoral influence.

via Daily Mail|
#domestic-migration#housing-costs#political-trends
real-estate2 years ago

Boomers' Retirement Plans Push Millennials Out of Housing Market

Baby boomers, who hold eight times the wealth of millennials, are pushing their children out of the housing market as they hit the road for retirement, according to a report by Bank of America. While millennials have reached the peak homebuying age, their parents' generation is keeping them from buying the starter homes they've long dreamed of. Boomers want to downsize for retirement, while millennials simply want starter homes—and only one group has the cash to win out. Boomers and millennials are also moving to different places, with millennials moving to cities like Austin, Cleveland, Dallas, and Tampa, while boomers are headed to Las Vegas, Phoenix, Orlando, and Tampa.

via Fortune|
#baby-boomers#domestic-migration#housing-market
demographics2 years ago

US Counties Experience Population Shifts in 2022.

Cook County, Illinois, lost 68,000 residents between July 2021 and July 2022, the second-greatest decline among all US counties during that period, according to the US Census Bureau. The county retained its status as the second-most populous after Los Angeles County, but the 1.3% decline in population was a sharper blow than the 0.9% drop in Los Angeles. The decline is not as sharp as last year's, thanks largely to international migration, which offset an estimated 94,000 residents lost via domestic migration.

via WLS-TV|
#census-data#cook-county#demographics