There is an interesting fact that almost everybody has moved at least once in his lifetime. About 11% of Americans have moved in the last year. You may move to another city, to a new house, or just downsize after your children move to college dorm, it does not matter. The moving industry is in the groove now. Moreover, the overall economic impact of this industry has reached almost $86 billion.
Time goes by, and the moving industry goes in pace with it. For instance, if we compare older generations to the generation of Millennials (age 25 to 35), we notice that the latter are less mobile, even though they don’t have so many responsibilities and obstacles. Just a bit over 40% of them are married.
Looking back in 1963 statistics, the amount of people moving was 26%. As for Millennials, the percentage of them moving is as low as 20% over the last year. So why did they move? Insufficient offers at the job market, as well as the low rate of Millennials owning houses (only 37%) might be the main reasons for such situation.
And the statistics for the moving industry just keep being more and more interesting. For example, did you know that the industry mostly consists of small business? At that, the amount of people employed in the moving industry is over 120 thousand people, the annual payroll exceeds $3.5 billion.
Let us continue giving you a deeper dive into the statistics about the moving industry, because some facts are quite surprising. We hope that this knowledge can help you understand the industry better and get ready for certain situations.
Did you know that most people prefer abstaining from the services of professional movers? Just think about it! Twice as many people prefer moving on their own without even renting a truck, compared to applying for the professional moving services. In the middle of the statistics board, we see 1 million of people, who only rent a truck to have their belongings transported and cope with the rest on their on.
So, who are these 650 thousand people, who want their belongings to be moved by professional movers, instead of wasting their time, forces and nerves (even belongings, because of insufficient care).
Of course, the category, which ranks on top is the individuals, which account for 44% of all those who decide to move. Office and corporate moves come second with their 38%, while the military and other federal establishments come third and constitute only 16%. Now, just realize that the total amount of people moving is over 3 millions. Sounds massive, huh?
The aspect, which also affects the moving industry, is the age of those who move. It is recorded, that people with one or two children, and at the age of 18 to 34 move more often. The older the person is, the lower the tendency to move.
Another interesting portion of statistical data includes the information about items that are moved most frequently (who calculated that?). Of course, household goods make up 73%, and 20% goes to computers and different electronic stuff. Items for exhibitions and different trade shows account for 6%. Surprisingly, the institutional and office items moved account for just about 1%.
Summertime is a perfect season not only for vacations, but for moves, as well. This season is the most comfortable for moving, and people usually move between of May and the Labor Day. The cost of moving also varies depending on the states. According to the statistics, $4,300 is the average cost of interstate moves, and if you move in-state, it may cost up to $2,300.
USA Moving Statistics
Let’s focus on the USA and find out the success of the moving industry here. The average amount of Americans moving per year is 11,2% of all population. That is, over 35 million people move in a year. Of course, this includes moving to another city (9,3%), and another state (1,5%), and to another country (0,4%).
You may wonder why would people want to move and simply leave their lovely homes. Well, there are different reasons, and you have a great opportunity to check out the relevant statistics below:
- Relocating to a new (bigger/smaller) space (17,5%)
- Moving to their own house (12,2%)
- Getting a new job or a new position at work in a different city (10,8%)
- Family reasons (10,5%)
- Cheaper housing (8,2%)
- Cut down the distance to work, or school (6%)
- Getting married/divorced (4,8%)
- Health issues (1,8%)
- Changing the climate conditions (0,8%)
- Retired (0,7%)
- Environmental incidents (0,1%).
People usually move to South Dakota (68%), Vermont (about 67%), Oregon (67%), Idaho (65%), South Carolina (about 60%), Washington (about 58%), District of Columbia (more than 58%), North Carolina (58%), and others. According to the statistics, about 63% of people move from New Jersey, 63% – from Illinois, and 63% – from New York.
Economic Factors for Moving
Of course, there are different reasons and factors for moving, yet the general economic impact has been over $85 billion in 2016. The moving industry also influences the economics, because new jobs have been created due to the movers. It is all interrelated. The moving industry brought about $9,42 billion in taxes.
Not all people have a possibility to store all their items, and so they use additional storage units. Due to this, the annual revenue is $36 billion. This money would be enough to buy a cup of coffee for every citizen in the USA. There are more than 46,000 sf of space for the rent. And if you combine all storage facilities, it would be as big as Las Vegas (about 83,3 square miles).
Also, you may find more than 48 000 storage units in the USA. Their overall are is even larger than all Starbucks or McDonald’s places all over the country. So, you will definitely find additional space for your necessities during the move. Don’t forget to consider the rent price first, because it also varies in different states. For instance, the most expensive storage unit is $160/m in San Francisco-Oakland-Fremont. For your information, New York-Newark-Edison is $137/m, Los Angeles-Long Beach-Santa Ana is $153/m, San Diego-Carlsbad-San Marcos, CA is $136/m, and so on. This information may be really helpful for you to store additional items.
This data is another prove that moving is not scary, but a very interesting and promising step. And you may always rely on the help of our professionals and make your moving comfortable.