Americans Consider Florida the First Choice for Relocation, Study Says

While the rate of Americans relocating to different states is at a historical low, the state of Florida was able to secure first place in 2018 as the state new residents chose to move in. The study was done thanks to a compilation of information between Census and United Van Lines by STORAGECafé, a blog run by Yardi, a real estate software company.

Approximately 590,000 people moved to the sunshine state last year, several coming from high-tax states such as New York and California. The numbers show that 11% of those relocations came from New York, even though the interstate relocation has one of the most costly routes, ranging from $3,900 to $4,300, according to the study. The average cost of interstate moves ranges between $2,400 and $4,500, depending on the distance.

It’s important to mention that the percentage of the population moving state-to-state is small, only 9.8 of Americans. Also, this number has been decreasing, and it is now down to the lowest share in documented history. It’s the first time this figure has dropped below 10 percent since the Census Bureau began collecting this data in 1947.