Moving Costs and Trends

According to leading moving data from PODS, the South continues to be the hot spot for new residents, while the Tri-State area and West Coast experience an exodus. Remote work arrangements and being closer to loved ones played a significant role in 2022’s moving trends. However, economic factors seem to be driving people’s choices for relocation in 2023. The frenzy in the housing market has eased, but prices remain high and rents in major cities continue to rise. The impact of inflation and higher interest rates adds complexity to the equation.

Moving Trends for 2023: South Attracts, Tri-State and West Coast Lose Residents

The data indicates that Americans are increasingly drawn to cities and states offering lower living costs, lower crime rates, and more favorable weather conditions. Conversely, places with higher tax rates, inclement weather, and expensive housing are prompting residents to seek greener pastures

Last year, the numbers don’t lie – Americans were flocking to the sunny southern states. And guess what? The trend continues! The numbers on long-distance moving reveals that the top cities people are moving to are still in Florida, Texas, Tennessee, and the Carolinas. In fact, a staggering 80% of the cities on our highly coveted top 10 list are from these popular southern states.

Myrtle Beach, SC/Wilmington, NC (6th in 2022)
Sarasota, FL (1st in 2022)
Orlando, FL (9th in 2022)
Ocala, FL (5th in 2022)
Houston, TX (12th in 2022)
Dallas-Fort Worth, TX (2nd in 2022)
Knoxville, TN (7th in 2022)
Jacksonville, FL (11th in 2022)
Tampa Bay, FL (4th in 2022)
Greenville – Spartanburg, SC (14th in 2022)

Cost to Move

The housing market is no stranger to the impact of inflation, and it’s been quite a rollercoaster ride lately. In March 2023, the consumer price index, which measures the cost of consumer goods across various markets, surged by 5%, as reported by the U.S. Bureau of Labor Statistics. This jump serves as a key indicator of inflation. Additionally, the Federal Reserve made a significant move by increasing interest rates on reserve balances by 4.9%, effectively combating inflation. ahead.

Housing Cost

The era of low mortgage rates and affordable city rentals is ending, while the cost of living continues to rise. The housing market is shifting towards buyers, with housing values slowly declining. However, national housing values are still 5% higher than last year, at least for now. On the flip side, rental costs are surging by up to 25% in certain cities. This surge is likely due to the housing boom, as more people are unable to afford homes and are left with no choice but to rent, creating high demand.

Moving Costs

Discovering the perfect price for your move is not a one-size-fits-all situation. It depends on factors such as distance and whether you choose to hire professional movers. Generally, moving locally costs less than long-distance moves that require movers.

On the other hand, the cost of making a long-distance move varies significantly depending on location. If you plan on moving long-distance, setting aside funds for the expense is essential to account for the cost of renting a moving truck, hiring movers, and purchasing packing supplies. For long-distance movers, most participants (54.5%) spent under $2,000, while a total of 24.6% spent between $2,000 and $4,000 for their move.

Professional Movers

Whether you’re relocating down the street or across borders, there are several hidden expenses that must be considered before finalizing your moving budget. These include important factors like packing supplies, moving insurance, and even pet boarding.

If you’re opting for professional movers to ease your burden, the cost estimate will vary based on the type of mover, service required, and the distance of your move. On average, local moves can range between $920 and $2,530, while long-distance moves can cost anywhere from $2,700 to $10,000.

If you are moving locally or out of state – allow us to give you a free quote. If you already have a quote – can compare Tomahawk Moving & Storage against it. You will be pleasantly surprised !!

If you have short term needs, we can pick it up, store it, and bring it back

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Tomahawk Moving & Storage

1070 Sandtown Road – Suite B
Marietta, GA 30008
Call (404) 325-2467