United Van Lines and U-Haul see a summer pickup in mobility, The open spaces of Vermont, Oregon, Idaho attract relocators, 2020 Year of Crisis: The Real Estate Reckoning. Or should we expect more of a reversion to the mean? Have a confidential tip for our reporters? South Carolina came in at #4 on SmartAsset.com's 2018 ranking of the states where the most retirees are moving, with an estimated 8,521 people 60 years and older moving there in 2016. GET FOX BUSINESS ON THE GO BY … Here are the 10 states where the most rich millennials are moving, according to SmartAsset. The state has elected a Republican Party candidate for every presidential election since the 1950s, except for the 1964 election. On Wednesday, SmartAsset published a study that found where rich millennials are moving. The next five states also shifted to the right in 2016, but they didn’t veer quite as far as the previous four did. 10. Market data provided by Factset. Far more people moved to Vermont, Idaho, Oregon and South Carolina than left during the pandemic, according to data provided to Bloomberg News by United Van Lines. The color of each state indicates where most people moved from in the past year. As August closes Monday with another move-out deadline, signs point to a sharp turn in U.S. mobility. Many people are moving from California to nearby states, including Texas, Nevada, Arizona, and in some cases Oregon and Washington, according to Levine. After all, the 2018 midterm elections showed these states could elect Democrats statewide, or at least, come very close. That said, Florida and North Carolina are also racially diverse and home to a decent number of highly educated voters, but they haven’t become liberal bastions. Read More: Urban Exiles Are Fueling a Suburban Housing Boom Across the U.S. For one thing, these states are more racially and ethnically diverse than most of the other states we’ve looked at — Arizona and Texas have large Hispanic populations, for instance, while Georgia has a sizable Black electorate — and people of color tend to vote more Democratic. Relocations had reached an all-time low in 2019, according to the Brookings Institution’s tracking. More than 192,200 individuals between the ages of 25 and 39 moved to Texas in 2018, while only about 138,700 moved out of the state. Millennials are more likely to move than other generations, according to SmartAsset. “These recent population shifts, if real, will be short-lived and change when the pandemic subsides,” he said. But these fairly urban states have also seen their major metropolitan areas such as Atlanta, Dallas, Houston and Phoenix become increasingly Democratic because of the surge in college-educated voters. Driven by increasingly Democratic vote shares in suburban and urban areas — especially around Denver and Washington, D.C. — Colorado and Virginia have moved far enough to the left that, in an environment in which Joe Biden leads by about 9 points nationally, they lie at the periphery of the competitive states. Wealthy millennials appear to be moving to the Pacific Northwest, according to a recent report. Democrats won a U.S. Senate seat in Arizona for the first time since 1988, while Republicans only narrowly won Texas’s Senate race and Georgia’s gubernatorial contest. Truck-rental prices provide one clue to how desirable an area is for relocations. Out of every 10 moves, 7 households are leaving New Jersey. GET FOX BUSINESS ON THE GO BY CLICKING HERE. With many businesses are arranging for employees to work from home and holding meetings via apps like Zoom that can be done from anywhere, William Frey, a Brookings Institution senior fellow and a demographer for the past four decades, agrees with Seinfeld that cities like New York will be back over time. Illinois, Connecticut and California, three other states with big urban populations, were also among those losing out during the pandemic. Instead, they have tended to vote a bit to the right of the country with little variation in recent years. Vermont leads all states with 75% inbound moves. Most businesses and attractions in the Bluegrass State have been allowed to reopen amid the coronavirus pandemic. have at least one large metropolitan area that votes heavily Democratic. Mutual Fund and ETF data provided by Refinitiv Lipper. After all, the 2018 midterm elections showed these states could elect Democrats statewide, or at least, come very close. June 17, 2020. Here are the 10 states where the most rich millennials are moving, according to SmartAsset. Arizona 8. Before it's here, it's on the Bloomberg Terminal. Minnesota, Nevada, Pennsylvania and Wisconsin. Legal Statement. Comedian Jerry Seinfeld deplored the trend in a New York Times commentary on Aug. 24. The beneficiaries have been competitors to dense cities that seem too crowded in a public-health emergency. In other words, 2016 marked a significant departure from how these states had voted in recent years; each state swung 7 points or more to the right, the biggest swings in that election. In Vermont, only 25 percent of moves were people leaving the state, while 75 percent were people moving in. The state lost a net 5,533 rich millennials from 2017 to 2018. States Where Millennials Are Moving. One explanation for why these four states moved so suddenly to the right is that they each have a large share of voters (at least 55 percent2Of the population age 25 years or older.) These states predominantly lie in the South and West, and the following trio of traditionally red states could all be up for grabs this November. FiveThirtyEight’s forecast anticipates that some of these states, like New Hampshire and Wisconsin, might bounce back slightly to the left in 2020, but also that others, like Minnesota, may continue to shift to the right. FAQ - Updated Privacy Policy. Arizona, Georgia and Texas all moved at least 4 points to the left in 2016, and it’s possible they’ll move even farther in 2020. Realtors were asked to describe locations where home shoppers were looking among those who shifted searches in response to Covid-19. North Carolina’s white college-educated population share isn’t that much smaller than Virginia’s, but it has a larger share of white voters who don’t have a four-year degree. All rights reserved. This is all to say that 2020 will be a pivotal year in understanding underlying trends within the Electoral College. Florida is a hard state to categorize politically. Powered and implemented by FactSet Digital Solutions. Additionally, Iowa and Maine rank among the most rural states in the country, which is another predictor of GOP-leaning politics. From one presidential election to the next, the battleground states that make — or break — the election remain largely the same. Patterns explained Explore patterns. Sweden Sees No Signs So Far Herd Immunity Is Stopping Virus, Astra-Oxford Vaccine Found Effective in Preventing Covid, Dow Average Tops 30,000, S&P 500 Jumps to Record: Markets Wrap, NYC Will Have Covid Checkpoints at Key Bridges and Crossings, Astra Shot That Works Better in Small Doses Raises Questions. Coronavirus flight is particularly high in New Jersey and New York, where two thirds of United Van Lines’ moves are for relocations out of those states. Idaho 7. But that doesn’t mean there aren’t gradual (and sometimes, not so gradual) shifts underway. Those who shifted were now looking at suburbs and smaller towns, with fewer people looking at central cities, agents said.
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