As companies are now urging employees to return to the office, many workers now prefer remote working conditions—at least part of the time.
Americans are packing up for new homes less than before. Approximately 27 million people moved between 2020 and 2021, representing the lowest mover rate in over 70 years, according to the U.S. Census Bureau. The high cost of housing and dual-career households may play some role in this decline, according to the Harvard Joint Center for Housing Studies. This may be because single-income households and commuters generally have more mobility.
Still, 27 million movers isn’t a small number. But what are the reasons for them to be moving? The Census Bureau’s migration/geographic mobility data looked into the reasons behind it.
– How many people moved: 824,000
– Percent of total: 3.0%
Nearly half of Americans moved away from home for college in 2020, the highest rate in 15 years, according to a 2021 study
Dartmouth, Yale, Notre Dame, and the Massachusetts Institute of Technology held the highest percentage of out-of-state admissions.
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– How many people moved: 1.1 million
– Percent of total: 3.9%
The number of unmarried partners living together has been on the rise in the U.S., according to a 2019 Pew Research Center survey of families. So it’s no surprise that choosing to move because of a relationship with an unmarried partner is among the top reasons for relocations. The National Association of Realtors also found that unmarried homebuyers are on the rise,
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– How many people moved: 1.2 million
– Percent of total: 4.3%
The pandemic sparked a sea change in many professions, with employees who were working from home reevaluating how far from the office they could live. For example, a recent survey by the Partnership for New York City found that nearly 80% of city employers anticipated and were preparing for a hybrid work environment moving forward. Meanwhile, just 8% of those surveyed remain fully remote. On an average workday, only about 38% of New Yorkers are in the office.
On a wider scale, Microsoft’s 2022 Annual Work Trend Index Report indicates that 50% of companies are planning to revert to a full five-day, in-office work week. The same survey shows that more than half of workers are now prioritizing work-life balance and personal well-being in a way they did not pre-pandemic, suggesting there will be a reckoning concerning companies’ demands for a return to a more traditional work model
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– How many people moved: 1.3 million
– Percent of total: 4.8%
Delayed weddings were one fallout of the pandemic As reported by NPR, The Wedding Report, which tracks and quantifies data around weddings, indicates the number of couples expected to marry in 2023 will rise 15% more than usual. Eager to establish themselves in advance of the big day,
Then there is the flipside of changing marital status. Divorce rates have lingered around 2–3% since 2016, just under half the rate of new marriages, according to the Centers for Disease Control and Prevention. Anecdotal evidence suggests divorces rose during the first year of the pandemic, but CDC data shows that not to be true—they actually dropped by nearly 150,000 cases in 2020.
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– How many people moved: 1.6 million
– Percent of total: 6.0%
At the onset of the pandemic, many people moved with their health in mind—to stay away from crowded cities, especially. Many headed to the suburbs or the countryside where they would be around fewer people and have more room for their children to play.
The Pew Charitable Trusts reported that permanent moves rose 15% nationwide in March 2020, compared to one year earlier, based on change-of-address forms filed with the U.S. Postal Service. Net moves from Manhattan, New York, tripled in the first month, according to Pew. Those out of Chicago, Los Angeles, and Brooklyn, New York, more than doubled. And in San Francisco, where the cost of living has been a perennial issue, the rate of exodus skyrocketed to 68%.
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– How many people moved: 2.0 million
– Percent of total: 7.5%
Average home prices have soared across the country, according to a February 2022 report from the National Association of Realtors. Prices have rose nearly 30% since 2019. At the same time, low interest rates, remote work, and rising rents convinced many Americans—young people, especially—that it was a good time to buy a home. But for some, that meant moving away from larger cities in search of a better cost of living.
New York City, as one example, lost nearly 4% of its population in the pandemic’s first year to upstate communities, according to a Cornell University analysis published in March 2022. Now, as interest rates rise and mortgages are becoming more expensive, some experts predict housing prices could fall in places such as Nashville, Tennessee, and other mid-sized metropolitan regions that offer a healthy mix of dense urban and suburban communities.
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– How many people moved: 2.4 million
– Percent of total: 8.8%
While people continue to relocate due to new jobs or job transfers, the numbers are fewer than before the pandemic, according to Brookings Institution analysis of U.S. Census Bureau data. This is in line with the overall downturn in moving rates. Moves tied to employment dropped more than 1 million between 2019 and 2021.
Nearly 60% of workers in the U.S. who can work from home are working remotely all or most of the time—and often by choice, not a necessity, according to the Pew Research Center. However, a separate survey from the NPD Group taken in February 2021 showed that 1 in 5 Americans were planning to move because of the flexibility that comes with working from home.
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– How many people moved: 2.4 million
– Percent of total: 8.9%
In addition to the health implications of the pandemic, financial considerations also played a big role in motivating people to move. In fact, these two concerns demonstrated an almost oppositional trajectory within the first year of the pandemic.
Between June and November of 2020, the number of people worried about coronavirus impacting their health fell by half, according to a Pew Research Center survey. In that same period, the number of people who said the most important reason for their move was financial reasons—not coronavirus risk—doubled.
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– How many people moved: 2.9 million
– Percent of total: 10.6%
Early in the pandemic, many young people moved back into their parents’ homes to save money. But that trend was apparently temporary, according to the Harvard Joint Center for Housing Studies. Citing Census Bureau data, the Center noted the percentage of the population ages 18–29 who were living in their parents’ homes went from 42% in January 2020 to 49% in June, only to go back down to 43% in October. By the end of 2020, those still living in their parents’ homes were more likely to be students than young adults in the workforce.
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– How many people moved: 4.7 million
– Percent of total: 17.2%
One of the advantages of working from home is taking advantage of location flexibility. Many Americans who work remotely have been able to move to less expensive areas, where they can get more room and more amenities for their money—from additional bedrooms and larger outdoor spaces to the ability to put in gyms and offices. Pew Research Center found that affordable housing is a major concern when it comes to deciding where to lay down roots—and this bridges race, economic status, and the type of community one lives in.
In terms of apartment living, features such as upgraded heating, ventilation, and air conditioning systems; fire pits; access to a safe children’s playground; and in-unit washers and dryers are some of the key amenities that are motivating people into making a housing change.