Report: Less people moved to Alabama in 2022
According to a report by Allied Magnet States, more people moved out of Alabama in 2022 than moved to the state.
The data, pulled from the 2022 Allied U.S. Migration Report shows fewer people moved in 2022, compared to 2021. The report said the moves plummeted in every state, resulting in a 20 percent decrease over last year.
“Rising rents and interest rates, along with inflation and falling wages, meant people moved less in 2022 than they did during the coronavirus pandemic,” Allied said in the report. “Those who could afford to relocate, moved south and settled along the Sunbelt, which offered stronger economic opportunities and a lower cost of living than the West Coast or Northeast.”
In 2022, Alabama saw a total inbound percent of 48.8 and a total outbound of 51.2. In 2021, Alabama saw 56.1% total inbound and 43.9% total outbound.
According to the report, the top cities people moved to Mobile from are:
- Atlanta, Georgia
- Houston, Texas
- Nashville, Tennessee
- Pheonix-Mesa, Arizona
- Richmond-Petersburg, Virginia
The top cities people from Mobile moved to were:
- Atlanta-Sandy Springs-Marietta, Georgia
- Houston-Sugar Land-Baytown, Texas
- Raleigh-Cary, North Carolina
- San Francisco-Oakland-Fremont, California
- Albuquerque, New Mexico
The top inbound states, according to the report were:
- South Carolina
- North Carolina
And the top inbound cities were:
- Tucson, Arizona
- Charlotte, North Carolina
- Austin, Texas
- Nashville, Tennessee
The top outbound states were:
- New Jersey
And the top outbound cities were:
- New York, New York
- Anaheim, California
- San Diego, California
- Chicago, Illinois
- Riverside, California
The report said the most moved to states in 2022 were both affordable and offered better financial security, which is why states like California lost residents to Texas and Arizona. Texas saw only a 6.4 percent growth, but its wages rose 6.4 percent and its cost-of-living is one of the lowest in the country.
What does this mean for Mobile Area Association of REALTORS® members?
REALTORS® have the experience, hard work and knowledge to help those moving to the Mobile area. Although the percentage has gone down for people moving to the area, according to Allied, REALTORS® are working hard every day to help those moving to Mobile.
We welcome those who are moving and work hard to show what the area has to offer for those who are thinking of leaving.
To see the full Allied report, click here.