Charlotte Was Ranked The #1 Most Moved-To Big City in America for 2023-2024

Which of America's biggest cities with 500K+ are attracting the most interest from movers?

Charlotte Was Ranked The #1 Most Moved-To Big City in America for 2023-2024. Thinking of moving to Charlotte NC?

According to moveBuddha’s 2023-2024 Migration Report, Charlotte was the #1 most moved-to big city in the country from 2023 -2024.

Charlotte Was Ranked The #1 Most Moved-To Big City in America for 2023-2024. Thinking of moving to Charlotte NC?

The Queen City surpassed #2 Denver, #3 Nashville, #4 New York City, and #5 Jacksonville on the top 5 list, with an impressive move-in-to-move out ratio of 1.68.

Potential factors driving this trend include lower cost of living, affordable housing, and a robust job market with two major banks.

On a state level, NC was ranked the #5 most moved to the state this past year. South Carolina was found to be the most popular state to move to in 2023, boasting an in-to-out move ratio of 2.1, meaning twice as many moves are coming into the state than headed out.

California dominated the list of the biggest cities, seeing the least popularity in 2023. Five of the top 10 large U.S. metropolitan areas seeing the worst in-to-out ratio, according to moveBuddha data, were in the Golden State, including Fresno, San Jose, San Francisco, Los Angeles, and San Diego.

Key Summary: Americans search for mild weather & affordability

Americans continued searching for greener pastures in 2023, which mainly meant finding states and cities where their dollar could go further.

That meant more resident outflow from expensive states like California into more reasonably priced regions like the South.

The Carolinas emerged as the top super-star states for migration in 2023, leaving behind early-pandemic favorites like Texas and Florida.

Regarding cities, Americans continued to flock to smaller metros with milder climates and a lower cost of living, such as “The Boomer Paradise” of The Villages, Florida; Myrtle Beach, South Carolina; and Asheville, North Carolina.

The pandemic’s effects on big urban areas have also started to subside. While some large cities like San Francisco, Chicago, and Los Angeles continued to struggle in 2023, other big cities saw a comeback.

Moving patterns will inevitably shift again this upcoming year, and new hotspots will emerge. Whether searching for a new retirement home, a job relocation, or being closer to family, Americans are always on the move.

Going Deeper: Macro Trends – AI, Housing and The Fourth Turning

Is the “Fourth Turning” upon us?

In 1997, authors Howe and Strauss prophesied the fourth part of an 80-100 year super cycle, with the current one upon us now:

“Sometime before the year 2025, America will pass through a great gate in history, commensurate with the American Revolution, Civil War, and twin emergencies of the Great Depression and World War II.”

With geopolitical events heating up in Eastern Europe, the Middle East, and South China Sea, there are some spooky hints that there could be some truth to this framework.

Add to that the new breakthrough generative AI technologies, global internet anywhere via Starlink, drone warfare, and sometimes all of those combined into one sequence.

The housing shortage continues to affect cities across the U.S. while birthrates continue to decline. The future is bright, but also very uncertain.

Sources:

MoveBuddha.com

CharlotteStories.com

Post a Comment