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.
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