Between April 2020 and April 2021, 16% of American workers moved. That is the first increase in over a decade. In fact, the number of people who change residence each year had been declining since the mid-1980s.
Over the last decade, households earning over $150,000 were the least likely to move, according to Apartment List. In 2010 the Census Bureau's mover rate was 27% among workers living in households earning less than $25,000. For households earning $150,000 or more, it was only 9%.
But during COVID, those households posted the largest jump in residential migration.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
