Top 10 States Gaining and Losing Residents

Top 10 States Gaining and Losing Residents

With high home prices and rising interest rates dominating the 2024 housing market, many homeowners stayed put. For those who moved, their destinations were surprising.  Atlas Van Lines' 2024 Migration Patterns Study analyzed nationwide moving trends between Nov. 1, 2023, and Oct. 31, 2024. By tracking mover shipments, states were categorized as “outbound” (more people leaving), “inbound” (more people arriving), or “balanced” (nearly even inflow and outflow). Here’s what they found:

Ralph’s Take

The study suggests that economic factors, such as employment opportunities and housing affordability, significantly influenced these migration patterns. For instance, Arkansas's top ranking for inbound moves is attributed to its lower cost of living and favorable business environment. Conversely, states like Illinois and New York face higher outbound rates, potentially due to higher taxes and less favorable business climates.