While some moves arise as a result of new job opportunities or the need to be closer to aging family, others are the result of shifts in living preferences and location desirability. As we settle into 2024, we're taking a closer look at where people are moving and how they are streamlining the process of getting there.
Who is moving - and why?
Recent studies show a diverse range of demographics on the move, with millennials and generation Z leading the charge. Driven by the search for affordable housing, quality of life, and remote work opportunities, these younger generations are migrating to cities that offer a balance of urban comfort and natural beauty. But that's not the whole story, a significant percentage of baby boomers are choosing to downsize and relocate to areas with warmer climates or proximity to family.
Key takeaways: The economic implications of the pandemic, coupled with the expansion of remote working, have spurred a shift in living preferences, reshaping the landscape of migration.
Relocating ahead of retirement
As baby boomers reach their retirement age, many are looking for warm weather destinations to spend their golden years. Florida, Arizona, and South Carolina are among the top states for retirement living. Florida, for example, has no state income tax, a low cost of living, and plenty of affordable homes. On the other hand, Arizona's dry climate, cultural attractions, and active senior communities make it a great spot for those seeking adventure and relaxation. South Carolina's low taxes, coastal towns, and affordable housing options are appealing to retirees as well.
Planning your relocation ahead of retirement, here are a few tips to keep in mind:
- Calculate your budget: Determine how much you can afford to spend on housing, taxes, and other expenses.
- Research state tax laws: Taxes vary from state to state, so it's important to understand how income, property, and sales taxes will impact your retirement budget.
- Consider climate preferences: Think about what type of weather and environment you want to live in during your retirement years.
- Consult with a financial advisor: A professional can help you evaluate the financial aspects of your move and plan for long-term financial security.
- Simplify the process: choosing the right moving solution and support services is the key to a successful relocation as you head into retirement.
Urban Living is top-of-mind for young professionals looking to move
Relocation trends among millennials and Gen Z are shifting, with preferences leaning towards cities other than traditional hotspots like New York and Los Angeles.
A recent study by SmartAsset reveals that Cambridge, Massachusetts tops the list of cities millennials are flocking to, with this demographic making up nearly 38% of the total population. The city's prestigious universities and vibrant tech sector make it an attractive destination.
Silicon Valley's Santa Clara, California, known for its high-profile tech companies, ranks second, showing a clear preference for locations with strong tech industries.
Seattle, another tech hub, saw over 93,300 millennials move in last year, making millennials more than 41% of its population - the highest on the list.
Other cities attracting these younger generations include
- Sunnyvale, California
- Denver, Colorado
- Arlington, Virginia
- Bellevue, Washington
- Killeen, Texas
- Austin, Texas
- Sandy Springs, Georgia.
These trends suggest that millennials and Gen Z are prioritizing opportunities in technology, education, and vibrant urban living over the allure of traditional metropolitan areas.
The Revival of suburban living
While younger generations flock to urban cores - remote work is offering the freedom and flexibility needed to drive a revival of suburban living. A major factor in this resurgence - affordability.
With the freedom from daily in-office work and less commuting, families are packing up and moving to suburban areas that offer them easy access to the convenience of city living at a more affordable price and a slower pace of life. While the "burbs" might be making a comeback, it's important to note that preferences still sway towards those suburban towns closest to the conveniences of major cities with large job sectors, major airports, and a plethora of dining and entertainment options.
The top places to move in 2024
While there are certainly many factors that influence where people choose to live, here are some of the top picks for cities and areas that are expected to see an influx of new residents in 2024.
Dubbed as "Silicon Hills", Austin has been a popular destination for young professionals in recent years thanks to its thriving tech scene and affordable cost of living. With an average temperature of 68°F (20°C) and plentiful outdoor recreational opportunities, it's no surprise that Austin is consistently ranked as one of the best places to live in the US.
Boise has been gaining national attention for its low cost of living, access to outdoor activities, and a growing local economy. With an average temperature of 52°F (11°C) and a thriving arts scene, this city is perfect for those seeking a mix of nature and culture.
Colorado Springs, Colorado
Located at the base of the Rocky Mountains, Colorado Springs offers stunning views and access to outdoor adventures such as hiking and skiing. It also boasts a strong local economy, a low unemployment rate, and a relatively mild climate with an average temperature of 47°F (8°C).
For those seeking a slower pace of life in a coastal town, Portland may be the perfect choice. With an average temperature of 49°F (9°C), this city offers four distinct seasons and plenty of scenic views. It also has a growing food and arts scene, making it an attractive destination for young professionals and families alike.
Raleigh, North Carolina
Raleigh is consistently ranked as one of the best places to live in the US thanks to its strong job market, affordable cost of living, and warm climate with an average temperature of 59°F (15°C). It's also known for its thriving food and craft beer scene, making it a desirable location for those looking to settle down.
Looking for more options? Rocket Homes named these the most promising U.S. cities for 2024.
Streamlining the moving process
With so many people on the move, finding ways to make the transition smoother and more cost-effective has become a priority.
Here are some tools and services that can help simplify the moving process:
- Online home search platforms like Zillow and Realtor.com make it easier to find housing options in any city, with filters for budget, neighborhood, and amenities.
- Moving apps such as TaskRabbit and Dolly offer on-demand help with packing, moving, and furniture assembly.
- Virtual home tours allow people to view properties remotely, saving time and money on in-person visits.
- Renting a storage unit can give some flexibility when relocating, allowing for temporary storage of belongings while deciding on a permanent housing option.
- Utilizing online resources such as social media groups and blogs can provide valuable insights from locals about the best neighborhoods, schools, and activities in a new city.
Go Mini's makes moving a breeze
Relocating can be costly, stressful, and time-consuming. However, there are ways to make it easier. Go Mini's containerized moves put you in control. You can pack your items at your own convenience and have them transported to your new home. Whether you're moving across the state or country, Go Mini's can help make your move seamless.
Our containers offer the flexibility and affordability to manage your move your way. With three size options, packing assistance through Bell Hop and local teams across the United States to support your relocation from start to finish - we bring you one container and complete convenience for your moving and storage needs.
Making big moves? Go the distance with MINI Miles
If your move has you relocating across the state or even across the country, Go Mini’s long-distance moving option, MINI Miles has what it takes to get you there.
Pack and load at your own pace then trust our transportation team to get your items from old house to new home. No truck rental needed, no moving companies to schedule, just your move, your way. Mini Miles is the go-to option for a flexible and budget-friendly long-distance relocation with the same local touch and customer experience you’ve come to expect from your hometown Go Mini’s team.
Interested in learning more about our long distance moving options- check it out here.
No matter where 2024 takes you, Go Mini's can help you get there.
Whether your relocation occurs for a new job opportunity, lifestyle changes, or family reasons, people are constantly on the move. And with technological advancements and an evolving job market, the process of moving is becoming more streamlined and accessible. As we look ahead to the rest of 2024, it will be interesting to see how these trends continue to shape the top places that people choose to call home. If you are considering a move in the near future, keep an eye out for these top destinations and take advantage of the tools and resources available to make your move a smooth one. After all, home is where you make it. So why not make it somewhere exciting and full of opportunity?