Overall mobility rates in the U.S. have substantially slowed since the 1950’s, but that may not be the only change related to cross-country moves. Using data from the U.S. Census to analyze domestic migration patterns, STORAGECafé, a blog run by commercial real estate research and data platform Yardi Matrix, profiled the incoming populations of the ten major metropolitan areas across the country. Additionally, they compiled data on the general movement of people between states.
One interesting takeaway at the national level is generational: Though you might expect the youngest adults in the country to be the most mobile, it’s actually Gen Xers who are relocating the most. That generation, in their 40s and 50s, made up 40 percent of those moving to large urban centers, with millennials coming in at 32 percent.
The Miami-Fort Lauderdale-West Palm Beach area continues to bring in residents from the East Coast and has experienced 2 percent year-over-year population growth. Interestingly, of all of the major metropolitan areas in the study, Miami has the lowest percentage of Gen Z crossing its borders. Around 5 percent of the incoming population identified as Baby Boomers, making it one of the most attractive regions for this age bracket.
The primary reason people moved to Miami was to find a better neighborhood, representing nearly 17 percent of all inbound migration. Out of the ten largest metropolitan areas in the study, Miami attracted the lowest percent of people coming for new or better jobs, at around 5.5 percent. Miami had the second highest proportion of its inbound population move there due to a change in household or family size. Miami additionally proved to be a city where few people (5.86 percent) moved in order to reduce their commuting time.