1、April 2023How Rising Living CostsAre Impacting DomesticMigration TrendsOur latest white paper analyzes the impact of inflation onmovement patterns across the country and examines howchanging demographics can affect local businesses.1Table of ContentsMany Ways To Move3A Continued Shift Towards States

2、 with Lower Household Income4Exploring Migration Trends:Origins And Destinations5High Inflation Rates are not Deterring Movers6Higher Inflation,But Lower Prices8Heading Down to the Sunshine State9Floridians Are Staying Local10The Interplay of Inflation and Migration11Key Takeaways12 2023 Placer Labs

3、,Inc.|More insights at placer.ai|2Many Ways To MoveWeve looked at the impact of internal migration before,exploring the way COVID-19changed the way people move and the subsequent ripple effects on local industries.Now,as the pandemic recedes into the background,rising inflation rates havebecome a ma

4、jor concern and the rising cost of living may be leading someindividuals and families to relocate to more budget-friendly states and cities.The rising cost of living may be leadingsome individuals and families to relocate tomore budget-friendly states and cities.This white paper looks at recent loca

5、tion intelligence data to better understand thefactors driving migration trends today.To understand what drove domestic migrationin 2022,we analyzed the correlation between statewide household income and ratesof inbound migration and looked at how cost of living differences impact migration ona loca

6、l level.We found that there appears to be a small but significant movement ofpeople from regions with higher income and higher cost of living to more affordableareas.Domestic Migration in 2022For the most part,the domestic migration trends of 2021 continued in 2022.Theentrenchment of pre-existing pa