Job Seekers Top 10 cities people moving to

The Great Resignation. Workers all over the country are either burnt out, fed up, or are just saying it’s time to call this quits and move on to something else. When I look at the change I think it’s more a reshuffle. Americans no longer feel tied to where they live and a lot of people in the job market will travel to the job. Remote work has played a role. Job seekers no longer need to be as close to the office as they did before so they can move further out and get a home that is bigger and fits their needs better.  Here is a list of where folks are moving to

 

 

1. Austin Texas New workers per every 10,000 are 150. The median list price is $549,900 percentage change of people 33%
2. Saras0ta Florida  Workers per every 10,000 138. The median list price is $495,000 percentage change of  people 32%
3. Myrtle Beach South Carolina  Workers per every 10,000 102. The Median List Price is $368,520 chance of people 40%
4. Asheville North Carolina workers per every 10,000 92. The Median List Price  $469,000  change of people 7%
5. Nashville Tennessee workers per every 10,000 89. The Median List Price $450,000 change of people 13%
6. Boise Idaho workers per every 10,000 81. The Median List Price $530,000 change of people 25%
7. Huntsville Alabama workers per every 10,000 72. The median list $349,00 change of people 17%
8. Denver Colorado  Workers per every 10,000 61. The median list price is $615,00 change of people 18% 
9. Portland Maine workers per every 10,000 59. The Median list price is $469,900 change of people 11%
10. Phoenix Arizona workers per every 10,000 4. The median list price is $485,00 change of  people 17%

Why are they moving to these states? 

Realtor.com did a study and wanted to find out why job seekers were moving to these states. Many of these states are located in warm climates which made them an attractive feature, but also housing was more affordable. With more people migrating to these areas it will create upward pressure on home prices and rental costs thereby reproducing the same problem experienced by big coastal and metro areas. 

Austin Texas 

Austin Texas has been a hot market for a while it has a fantastic music scene, but tech companies like Dell, Samsung, Apple, and Google are located in Austin Texas. Even the founder of Tesla moved his headquarters from California to Texas due to high housing costs and untenable commutes for employees.  16% of people who moved to Texas were from California. Texas has affordable housing and lacks a state income tax. Since the influx is coming to text it has affected local housing prices. Housing prices are up by 30% and rents are up 20% which is more than what they were before the pandemic. 

 

Sarasota Florida 

Sarasota Florida in general has seen a huge influx of new residents thanks to nice weather, lack of state income tax, and a healthy job market. Florida has many parts that have healthy job markets Cape Coral, Destin, Jacksonville all have healthy job markets. Along with the sunshine state, gulf coast tourism is a major industry in Sarasota. Sarasota also has key industries that include manufacturing, shipping, and education along with healthcare.  More people are moving in than leaving the state and with that, there are not enough homes to house everyone which will continue home prices to shoot up.

Myrtle Beach

Myrtle Beach is generally thought of as a retiree town, but lately, it’s becoming home to young families who want to work beachside. During the lockdown, folks realized they could work and go to school anywhere so folks moved to the area. Myrtle Beach has great hospitals, schools, and Coastal Caroline University. 

Asheville North Carolina 

Asheville North Carolina is nestled in Blue Ridge Mountains. It tends to attract newcomers who want easy access to nature, quirky vibe along with great restaurants,  and breweries. Asheville also has factories, tourism, health care, and manufacturing as part of its economy.  Many buyers who are moving in are selling their homes in more expensive states collecting the cash and they can pay more for that home hence driving up the price so locals who have called the area home cant compete and pushing them out of an area they called home for years. 

Nashville Tennessee 

Nashville Tennessee otherwise known as music city was hit hard at the start of the pandemic, but other key industries have kept the drive steady.  Amazon and Oracle call the area home and become a tech hub in its own right, with Amazon and Oracle. Nashville also has healthcare and pharmaceuticals and hospital software. Workers from New York and Chicago migrated to Nashville. Taxes are low which has made Nashville Tennesee attractive.  

Boise Idaho

Boise Idaho has seen growth over the last few years and the pandemic brought it to a whole new level. People come to the area to enjoy hiking, skiing, and river rafting. The dominant industry in the area is Agriculture. It was the first state in the country to see job growth recovery. Idaho has exceeded pre-pandemic levels in almost all industries. The Median list price went up 28% during the month of November. Two-thirds of homeowners in the state are equity rich which makes it hard for those looking to buy a home for the first time. 

Huntsville Alabama 

Huntsville Alabama is known by many as Rocket City. It is home to NASA Marshall Space Flight Center, making it one of the major research and aeronautics hubs in the south. Other high-tech industries in the area include cybersecurity, Facebook, Toyota, and Jeff Bezos space company Blue Origin. The other big draw is housing stock is cheaper. Prices have increased over the years but the area is still cheaper than the median sales price for the rest of the country.  The challenge is for first-time homebuyers who lack equity to pay above the list price. 

Denver Colorado 

Denver Colorado is made for anyone who loves the great outdoors. It is also home to bustling tech sectors. Frontier Airlines and several big tech firms are home to Denver Colorado. The area was one of the first states to legalize recreational marijuana. The influx of workers has sent housing costs higher. Rents in Denver surged 14% in the past year. Many in those markets are finding their rents being increased by large amounts. 

 

Portland Maine

Portland Maine is the only state in the northeast that is seeing people move into their state. The pace is slower but it’s still a city. residents can enough stunning falls and picturesque trails or ride the ferry to enjoy one of the islands. L.L Bean and health care are major employers along with manufacturing and distribution. Low-cost real estate has always been a draw, but out-of-state competition has driven up prices and put pressure on the local worker. The out-of-state buyer will find a bargain compared to other cities, but it’s that demand that is creeping prices up. 

 

 

 

Phoenix Arizona

Phoenix Arizona is the fifth-largest city in the United States and anyone who visits or lives here will experience sunny weather and warmth. Home to the Grand Canyon. The area is also experiencing a booming tech market that is bringing in new workers. Delivery like DoorDash and Carvana has called Arizona home. Arizona has a massive shortage of housing. Builders are building where ever there is open land, but they do not have the supply needed to keep home prices low. 

Conclusion 

If your one of those folks who were rethinking where you call home and where they work. Some folks have ditched working for someone else and are working for themselves allowing them to work wherever they wish to. If this blog has got you thinking maybe I want to move let’s talk and figure out a plan. I can help you plan soup to nuts from finding the agent using our extensive global network. I can locate that perfect agent that works for you if it’s not me directly. Once you have found the home of your dreams I can connect you to all the services you could need to move. Change doesn’t have to be scary and stressful it can be like an adventure with friends in your corner. Contact me and let’s get to work together.