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Between 2019 and 2020, nearly 29 million Americans moved to new residences within the U.S, nearly 40% of which moved to different counties or states. Rising costs of living in some cities are driving residents to more affordable locales. According to the U.S. Census Bureau, while the total U.S. population grew by 1.3% over the past three years, some places with below-average living costs grew by more than 10%.
Geographic mobility within the U.S. has been declining since 2012. Between 1984 and 1985, over 20% of Americans moved residences. By 2020, that figure had dropped to less than 10%. Moving of all kinds—within the same county, to a different county within the same state, and to another state—is trending downwards. Reasons for this decline include an aging population, high housing and moving costs, and the rise of dual-earner households, according to the Joint Center for Housing Studies of Harvard University. The COVID-19 pandemic temporarily halted many moves, but the trends towards remote work may spur more residents to change locations, particularly to more affordable areas.