U.S. Census Bureau: Mover Rate Holds Steady

The rate at which people move in the United States is holding steady at around 1 in 9.

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According to the U.S. Census Bureau, the mover rate in the U.S. from 2013 to 2014 was 11.5 percent. This is a substantial decrease from the rate of 20.2 percent in 1948, when this rate was first calculated, but is consistent with the past several years.

The report found that suburbs gained 2.2 million movers, while 1.7 million left major cities. A new job or a job transfer ranked highest on the list of job-related reasons for these moves at 9.7 percent. The most likely to move were renters, who changed living spaces at a rate of 24.5 percent. People living in homes they own moved at only 5 percent.

The Census Bureau has also released an American Community Survey Report on Young Adult Migration, which tracked 18 to 34 year olds who moved between 2007 and 2012.

They found that migration for the millennial age group declined 1.4 percent during the period after the Great Recession, 2010 through 2012. Young adults are the largest demographic migrant group in this country, but the recession seems to have slowed them down. The rate at which older adults moved during this same time remained steady.

Also, in the post-recession period, employed 30 to 34 year olds had the lowest migration rate of all young adults at about 1 in 5. This is likely an indication of how much these young people valued their jobs.

Another interesting fact: Women between the ages of 18 and 24 moved at greater rates than men of the same age, although this trend reversed for 25 to 29 and 30 to 34 year olds, when men were more likely to move than women.

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About Ilyce Glink

Author of 13 books, including the bestselling 100 Questions Every First-Time Home Buyer Should Ask. Writer of the nationally syndicated column, “Real Estate Matters.” Top-rated radio host in Atlanta. Writer for CBS MoneyWatch.com. Managing editor of the Equifax Personal Finance Blog.
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