Inflation continues to affect movement patterns across the country and these changing demographics can affect local businesses, according to a new report from Placer.ai.
For 2021 and 2022, Sunbelt states like Arizona and Florida and states with lower population density such as North Dakota, Montana, and Wyoming, continue to see positive net migration. Meanwhile, the negative net migration out of states dominated by larger cities – such as California and Illinois – continued.
People with higher median household incomes continued to move to areas with lower household incomes.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 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.
