Over the past few years, we have noticed tremendous growth in the moving industry. Whether you are moving down the street or relocating to a different city or state you will always need the help of a mover or auto transport services providers. Despite the events of 2020, the moving industry was able to bounce back and continue helping the lives of many. As a matter of fact, this pandemic is far from over and has created various changes in the industry across the globe.
To give you a better comprehension of how much the moving industry can affect just about everything in your day-to-day life we have compiled some of the most thought-provoking statistics and information about where the moving industry is headed next in the year 2022.
General Moving Industry Statistics
We had witnessed a strengthening economy in the year 2021 which drove more demand for moving services across the nation. Below we have listed down the general statistic which is expected to grow in this year
- The average American can move about 11.7 times in their entire life span.
- As per the census data in 2019 nearly 31 million people have moved to the United States. That is about 9.8 % of Americans moving annually.
- Ever since the start of Covid-19 in the year 2020, about 8.93 million people have moved their homes.
- The summer season is considered the busiest time of the year in the United States. Around 60% of the annual US moves take place from May to August.
- About 3 million people in the United States move interstate every year.
- By far there are approximately fifty thousand moving trucks present in the United States
- Average interstate moving can cost up to $4,100, in-state moving can cost up to $980, and each local mover’s hourly rate can cost up to $25.
Types of people moving
There are many different reasons for people moving across the country. However, as per the US Census Bureau data, here we have included the reasons of people moving to the United States
Millennials aged between 25 to 35 years are less likely to be tied down to marriage, homeownership, and kids. And they are also not likely to move around a lot compared to other generations. In the year 2020, only 20% of the entire millennial population in the US moved. Moreover, economists believe that the reason why millennials move less than other generations is due to fewer job opportunities and not being able to afford a house in the country. These factors can demotivate millennials to move into the nation.
In the year 2020, we witnessed a great increase in long-distance moving for retirees in the US. As per Washington Post, one of the major reasons why people of this age category moved from the city to rural areas was due to the introduction of remote working across the nation during the Covid-19 pandemic.
Top 4 states for moving
Florida is known for having lower personal tax rates and it is also becoming the go-to tech hub of the USA, certainly Miami. Moreover, Florida is also gaining a huge surplus of people and businesses moving in over the past few years.
Idaho reportedly had more interstate movers compared to other states in the year 2020. This could either be due to increasing covid-19 fear among the people or outdoor enthusiasts wanting to move from cities to more naturally scenic areas. Furthermore, it is expected that Idaho will witness more interstate movers even in 2022.
North Carolina is famous for its mountains, moderate climate, and beaches. In addition, there are plenty of small-town that can also attract the older generation and the people looking for more spaces outside of a city setting. We expect North Carolina to have a larger population in the year 2022 as well.
Colorado is also known as the rocky mountain state and was the sixth most popular state in the US where the movers gravitated during the pandemic. However, the growth may not be entirely due to the increase of Covid-19 cases in the nation. Movers might also have different reasons to move to this particular state.