You Probably Won’t Move In Retirement

No doubt you’ve heard of this mass-migration pattern of people fleeing high cost, northern states to teh more tax-friendly, warmer climes of the South and Southwest.

While it’s true that the Southern and Southwestern states are growing in population, the facts are these changes are minimal relative to the number of people who stay in place; The vast majority of people don’t move at all.

Only 5% of homeowners actually move.  I’d be willing to bet that number is even skewed, dominated by the same people who move every few years.  For instance, my family has moved 4 times in 20 years, an average of once every 5 years.  So we’d show up multiple times in the census bureau numbers, once in 2001, again in 2008 and 2011 and lastly in 2013.

Yet, you may not have moved ever. So for our two families we’ve moved an average of once every 10 years.  But that’s not actually correct as you’ve stayed put and we’ve been more nomadic.  But the Census Bureau doesn’t specify that. It simply shows the numbers of people who moved in a given year, which is somewhat misleading.

The lesson to be learned here:

First off, don’t fall for the mass-migration theory. It simply doesn’t exist.  Secondly, because you’re not likely to move, find a place to live you’ll like to be and work on making it livable.  You’re most likely to be there for decades to come!

 

Mover Rate for Renters at Historic Low[Source: U.S. Census Bureau]

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