Rates of migration and geographic mobility have been falling for decades in the United States. In each of the last three years of available data, fewer than 30 million Americans moved to a new home. For comparison, an average of more than 35 million people moved every year in the decade of the 2010’s, over 39 million in the first decade of the 2000’s, and nearly 43 million in the 1990’s.
Even though Americans are less likely to move now than at any time since record keeping began in the 1940’s, the long-term national trend belies the mass exodus underway in many major cities across the country. Excluding international moves, the country’s 25 most populous metropolitan areas have reported a combined net-loss of over 2 million residents to migration alone since the start of the COVID-19 pandemic.
While the surge in outbound migration has not been felt across all major metro areas, in some U.S. cities, the trend is particularly acute.
Using data from the U.S. Census Bureau, 24/7 Wall St. identified the cities Americans are leaving in droves. For each of the 387 U.S. metro areas, we reviewed population change due to net-migration — the difference between outbound moves and inbound moves — and identified the 30 cities with the largest relative population decline between April 1, 2020 and July 1, 2023.
Among the metro areas on this list, population decline attributable to net-migration ranges from 2% nearly 6%. In these places, outbound moves between 2020 and 2023 exceed the number of inbound moves by anywhere from about 1,200 people to more than 730,000 people. Many of the largest U.S. metro areas, including Chicago, Los Angeles, New York, and San Francisco, rank on this list. Many of these cities are also among the most expensive and least affordable places in the country — particularly in regard to housing, currently the most commonly cited reason for moving in the United States. (Here is a look at the cities where the most people cannot afford a new home.)
Notably, outbound migration from these places has been driven exclusively by people relocating to other parts of the U.S., as every city on this list has reported a net-increase in new residents from foreign countries since 2020.
While this ranking is based solely on net-migration, even when accounting for births and deaths, the vast majority of these cities have shrinking populations. When factoring in both migration and natural population change, only two metro areas on this list are larger now than they were in 2020. (Here is a look at the cities with the largest influx of new residents.)
Why It Matters
High rates of outbound moves from major metropolitan areas has become one of the most notable migration patterns in recent years. The metro areas Americans are most likely to leave behind include places like New York, Los Angeles, and San Francisco, which are among the largest and most expensive places in the country. Still, smaller, more affordable cities are not immune. In places like Elmira, New York and Minot, North Dakota, the volume of outbound migration has greatly surpassed the number of inbound moves in the last few years.
30. Trenton-Princeton, NJ
Population change from net-migration, 2020-2023: -2.0% (-7,620)
Population change from domestic migration, 2020-2023: -3.5% (-13,443)
Population change from international migration, 2020-2023: +1.5% (+5,823)
Total population change, 2020-2023: -1.5% (-5,657)
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.