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Why Millennials and Gen Z Are Choosing Sun Belt States for Their Next Move

The Sun Belt, a region that stretches across the southern and southwestern parts of the U.S., is a hotspot for residents searching for affordability, nice weather, and better job opportunities.

By
February 8, 2024 at 8:26 PM PST
News Sun Belt States

Why Millennials and Gen Z Are Choosing Sun Belt States for Their Next Move

The Sun Belt, a region that stretches across the southern and southwestern parts of the U.S., is a hotspot for residents searching for affordability, nice weather, and better job opportunities.

By
February 8, 2024 at 8:26 PM PST

Looking for a fresh start and dreaming of relocating? A recent study by StorageCafe has revealed a big trend: lots of Americans are moving to the Sun Belt states. This region, which stretches across the southern and southwestern parts of the U.S., has become a hotspot for people searching for a mix of affordability, nice weather, and better job opportunities.

Here’s what’s happening and why these states are the new go-to places to live.

The Sun Belt Surge

Imagine waking up to mild weather almost every day. That’s the Sun Belt for you, where states like Arizona and Georgia have seen home values shoot up by 45% and 41% in just five years. This popularity boom means more people are moving in, but it’s also increasing house prices and making everyone wonder if the growth is sustainable.

Where Everyone’s Moving

Here are the top ten states with the highest net migration, according to StorageCafe:

1. Florida
2. Texas
3. North Carolina
4. Arizona
5. Georgia
6. South Carolina
7. Connecticut
8. Tennessee
9. Alabama
10. Oklahoma

US-Net-Migration-Trends
Photo Credit: StorageCafe

Why are people migrating?

The pandemic has significantly influenced migration patterns, propelling interstate mobility to record highs in 2022. Americans are relocating in search of better employment opportunities, lower living costs, and nicer weather. Millennials and Gen Zers, in particular, are all about finding places where they can afford a nice life without breaking the bank.

woman moving into new home
Photo Credit: RDNE Stock Project

Southern Charm

In 2022 alone, the South welcomed nearly 690,000 new residents. It’s not hard to see why: the economy is buzzing, houses are affordable, and the vibe is welcoming. Florida and Texas are especially popular, drawing in retirees and young families alike with their promise of a brighter, sunnier future.

Economic and Housing Perspectives

These migration trends influence housing markets, employment rates, and the broader economy. States experiencing high net migration are tasked with balancing growth with sustainability, ensuring that new residents don’t outpace housing availability or inflate costs.

You can read the full report here.




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