Did you know that the average American moves 11.7 times in their lifetime?
The moving industry generates a staggering $86 billion in revenue every year and it makes a huge economic and social impact!
Here are 50 fascinating moving industry statistics you might not already know:
#1 The average American moves 11.7 times in their lifetime
#2 Approximately 31 million Americans move each year (9.8% of Americans)
#3 Around 3 million Americans make an interstate move every year
#4 82% of Americans move within their home state
#5 14% of Americans move to a different state
#6 65% of all moves occur within the same county
#7 People moving abroad account for only 4% of all moves
#8 The top reason people move is for housing-related reasons (40%), followed by family-related reasons (27%), job-related reasons (21%), and for other reasons (12%)
#9 Professional movers handle approximately 650,000 relocations per year
#10 Moving rates are on the decline – about half as many people move each year as they did in the 1960s
#11 Around half of all moves take place in the summer, between the beginning of May and Labor Day.
#12 The industry is made up of over 18,000 businesses
#13 There are around 50,000 moving trucks in the U.S.
#14 The moving industry has a yearly revenue of $86 billion
#15 The industry employs 122,600 people
#16 The combined annual payroll of the industry is around $3.6 billion
#17 Moving industry workers contribute an estimated $9.42 billion in tax revenue each year
#18 The market size of the moving industry is expected to increase 1.7% in 2021
#19 The moving services industry is the 18th ranked Transportation and Warehousing industry by market size and the 395th largest in the U.S.
#20 The average cost for an interstate move is $4,100
#21 The average cost for an in-state move is $980
#22 The average “movers” are between 18 and 34 years old with one or two children
#23 Millennials (age 25 to 35) are moving less than previous generations, with 20% of Millennials reporting a move this past year in comparison to 26% of Generation X in 2000
#24 The moving industry is comprised mostly of small businesses – 47.8% of moving companies in the U.S. have fewer than 5 employees
#25 8.5% of moving companies employ more than 100 people
#26 44% of Americans moving are individuals/families
#27 38% of moves are corporate
#28 16% of moves are military-related and funded
#29 2% of moves are made by government agencies
#30 The busiest interstate routes are California to Texas, New York to Florida, and California to Washington
#31 The top states people moved to in 2021 are Idaho, New Mexico, and Maine
#32 The top states people moved from are New York, California, Illinois, and District of Columbia
#33 Approximately a fifth of Americans (22%) moved or know someone who moved as a result of COVID-19
#34 Among U.S. adults who moved due to the pandemic, 28% say the most important reason was to reduce their risk of contracting the virus
#35 9% of adults (approximately one-in-ten) from 18 to 29 said they moved as a result of the pandemic
#36 20% more people are planning to move in 2021 than moved in 2020
#37 More than 6 in 10 (64%) of Americans who work remotely are entertaining the thought of relocating in the next 12 months (this is compared with less than a third of those who commute)
#38 Between 14 and 23 million Americans are planning to relocate due to remote work opportunities, and more than half (54.7%) of them are moving more than two hours away from their current location
COVID Trends We've Seen At Oncue
#39 Before COVID, the most popular city for Americans to move to was Oakland
#40 During COVID, the most popular city for Americans to move to is Dallas
#41 50% increase in Americans moving during COVID
#42 73% increase in San Franciscans moving during COVID
#43 Increase in migration from expensive cities such as San Francisco and Oakland
#44 Increase in people relocating to less expensive cities such as Orlando, Denver, and Nashville
#45 Increase in Californians leaving San Francisco and Oakland
#46 Increase in Californians moving to Sacramento, Berkeley, and Alameda
#47 40% increase in people moving to Nashville, Tennessee
#48 256% increase in Floridians moving
#49 300% increase in Utahns moving
#50 138% increase in people moving to Dallas
The moving industry is constantly evolving! We help moving company owners to adapt and grow as the industry continues to change.
Contact us today to find out more.