New Zillow analysis finds Texas, California top the list of Gen Z relocation
destinations
SEATTLE, Feb. 9, 2024
/PRNewswire/ -- Gen Z may prioritize job opportunities and sunshine
over affordability when moving out of state. A new Zillow® analysis
of the U.S. Census Bureau's 2022 American Community Survey (ACS)
finds Gen Z interstate movers flocked to California, even as the state experienced the
highest outbound migration among all out-of-state movers.
Nearly 215,000 movers left California in 2022, yet the Golden State saw a
net positive gain of nearly 44,000 Gen Z adults who moved there
from other states, according to the data released in
October.
It's not just California. Gen Z
movers, excluding students, migrated to other relatively more
expensive states compared to all interstate movers.
Washington, Colorado and Virginia were among the top 10 states with the
highest Gen Z net migration but had minimal or negative net
migration among all movers who switched states.
More than three-quarters of Gen Z adults who moved to these
pricier states are renting (77%). An analysis of ACS data
shows renters can expect to pay more per month to rent in
California ($1,856), Washington ($1,592), Colorado ($1,594) and Virginia ($1,440) versus the median rental price
nationally ($1,300).
"Compared to all interstate movers, Gen Z adults who moved to
California, Washington, Colorado or Virginia were more likely to have a four-year
college degree, more likely to be serving in the military, and more
likely to work in tech, ACS data shows," said Edward Berchick, a principal population
scientist at Zillow. "Gen Z movers are likely drawn to the job
opportunities in these states, despite the higher costs of housing.
They may also be in a stage of life where they're willing and able
to be flexible in their standards of living while starting their
careers."
Texas far and away gained the
most Gen Z movers. When adding up inbound and subtracting outbound
moves, the Lone Star State had a net gain of more than 76,000 Gen Z
movers. California gained the
second highest number, followed by Florida, which saw the highest net migration
among all interstate movers.
Michigan, Maryland and Idaho had the lowest Gen Z net migration.
Michigan was the only state where
more Gen Z movers departed than arrived.
In Zillow's analysis of ACS data, Gen Z is defined as those born
between 1996 and 2004. To avoid capturing the temporary moves of
college students, these statistics exclude respondents who reported
attending school in the past three months.
Top 10 states for
Gen Z out-of-state movers
(2022)
|
Top 10 states for
all out-of-state movers
(2022)
|
State
|
Net
migration
|
State
|
Net
migration
|
1. Texas
|
76,805
|
1. Florida
|
187.848
|
2. California
|
43,913
|
2. Texas
|
123,886
|
3. Florida
|
41,394
|
3. Georgia
|
57,888
|
4. North Carolina
|
33,690
|
4. South Carolina
|
54,678
|
5. Washington
|
33,534
|
5. Arizona
|
53,520
|
6. Colorado
|
39,797
|
6. North Carolina
|
46,852
|
7. Virginia
|
26,418
|
7. Connecticut
|
39,877
|
8. Illinois
|
25,890
|
8. Tennessee
|
33,112
|
9. Georgia
|
24,788
|
9. Oklahoma
|
21,431
|
10. Arizona
|
21,418
|
10. Nevada
|
15,853
|
Bottom 10 states for
Gen Z out-of-state movers
(2022)
|
Bottom 10 states for
all out-of-state movers
(2022)
|
State
|
Net
migration
|
State
|
Net
migration
|
1. Michigan
|
-2,858
|
1. California
|
-214,517
|
2. Maryland
|
579
|
2. New York
|
-184,390
|
3. Idaho
|
850
|
3. Illinois
|
-62,549
|
4. Vermont
|
861
|
4. Maryland
|
-36,632
|
5. Maine
|
1,241
|
5. Massachusetts
|
-36,358
|
6. South Dakota
|
1,591
|
6. New Jersey
|
-33,203
|
7. Delaware
|
1,944
|
7. Louisiana
|
-23,557
|
8. Rhode Island
|
2,198
|
8. Pennsylvania
|
-22,234
|
9. New Hampshire
|
2,298
|
9. Oregon
|
-20,267
|
10. West
Virginia
|
2,299
|
10. Utah
|
-17,749
|
About Zillow Group
Zillow Group, Inc. (NASDAQ: Z and
ZG) is reimagining real estate to make home a reality for more and
more people. As the most visited real estate website in
the United States, Zillow and its
affiliates help people find and get the home they want by
connecting them with digital solutions, great partners, and easier
buying, selling, financing and renting experiences.
Zillow Group's affiliates, subsidiaries and brands include
Zillow®, Zillow Premier Agent®, Zillow Home Loans℠, Trulia®, Out
East®, StreetEasy®, HotPads®, ShowingTime+℠, Spruce® and Follow Up
Boss®.
All marks herein are owned by MFTB Holdco, Inc., a Zillow
affiliate. Zillow Home Loans, LLC is an Equal Housing Lender, NMLS
#10287 (www.nmlsconsumeraccess.org). © 2023 MFTB Holdco, Inc., a
Zillow affiliate.
View original
content:https://www.prnewswire.com/news-releases/top-10-states-to-which-gen-zers-are-moving-and-the-states-they-are-leaving-302058380.html
SOURCE Zillow Group, Inc.