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  • Long Island Business News

    Long Island among top five in move-outs, as the Carolinas gain move-ins

    By David Winzelberg,

    2024-05-22

    Long Island is once again ranked in the top five areas where people are moving out of in 2024, according to a new report from PODS Enterprises.

    The fourth annual Moving Trends Report from the moving-and-storage company identifies the top 20 cities that people are moving from, as well as the top 20 cities that people are moving to.

    Long Island is listed fourth in exoduses (as it was last year too), trailing Los Angeles, the San Francisco area and the Miami area. Austin, Texas ranked fifth on the moving out list.

    Areas in North Carolina and South Carolina were among the leaders in places where people are moving to, with four out of the top six on the list of most move-ins. Myrtle Beach, S.C. and Wilmington, N.C. had the highest number of move-ins for the second year in a row, according to the report. Rounding out the top five move-in areas are Ocala, Fla., Houston, Texas, Greenville-Spartanburg, S.C. and Charlotte, N.C.

    The report analyzes consumer movements throughout the past 15 months, identifying environmental and economic factors that inspired the trends. It found that more Americans are moving to the Southeast homefor lower costs of living, quality of life, access to nature and vibrant metro areas, highlighting the region's “broad appeal to those craving a more balanced lifestyle at a reasonable price point without sacrificing modern amenities and rich cultural experiences.”

    For those areas losing population, the report attributes higher costs of living, especially exorbitant housing costs and hefty tax burdens, as well as overcrowding, as the top reasons for residents leavingsome major metropolitan areas.

    "Last year, we noted the Carolinas were worth watching, and this year, they've not only taken the trophy as the number one spot for new moves but also broken a record," Rich Schwartz, senior vice presidentof Corporate Operations at PODS, said in a company statement. "On the flip side, we're continuing to see a throughline where expensive metro areas are prompting Americans to flock to cities and states where the cost of living is lower, and the lifestyle is more balanced."

    The entire report can be found at pods.com/blog/moving-trends.

    Copyright © 2024 BridgeTower Media. All Rights Reserved.

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