Magnified by the pandemic, the prevalence of high-speed internet has again redefined place. If workers and students can work and learn from anywhere, where will they live? Idaho.
- 8% of Americans moved in 2019, the lowest number since 1947
- 19% Y/Y increase in U.S. moving contracts with United Van Lines
- 95% Increase in moving contracts with those leaving Manhattan
- 80% San Francisco and NYC saw 80% more people leaving than moving into their cities
- 194% More relocations were to Idaho than from Idaho. New Mexico had the second highest ratio
- 37% Millennials renting urban apartments are considering leaving the city—half say it’s about cost
Millennials signal urban exit
17% are already on the move
- 4% moved to a less expensive city apartment
- 4% moved in with city-based family / friends and stopped paying rent
- 5% left the city temporarily
- 3% left the city permanently
47% of millennials plan to remain in the city
- 16% are unsure
- 16% plan to leave in six months
- 21% plan to leave within a year
37% have experienced a financial downturn
- 17% lost their job
- 10% were furloughed
- 21% had their salary reduced
Of those who lost their job, only 25% have found new employment
48% of those leaving the city cited pandemic-related reasons:
- Can now work remotely
- Don’t want to use
- public transportation
- No social life due to lockdown
18% received rent relief, but not enough to offset job loss
- 4% saw their rent decrease
- 7% received a temporary discount or credit
- 8% received a multi-month rent deferment
