Moving is a major life event, and it’s easy to feel overwhelmed when you’re trying to make plans.
We know that your next move is important, so we’ve compiled a few statistics about new movers that might be of interest as you plan your next move.
These statistics can help you understand how much money you can expect to spend on moving-related expenses.
We hope that these statistics will help make your move less stressful and more fun!
Key New Movers Spending Statistics
- New movers’ spending behavior averages $9,000 per move (9X more than that of a non-mover during the first 12 months), with annual new mover expenditures exceeding $150 billion.
- It is estimated that a person in the United States can expect to move 11.7 times in their lifetime.
- 32 million people in the US moved in 2018. To put that in perspective, that’s 10.1% of the population of 319 million US residents.
- Illinois, New York, and New Jersey are the three states with the most outbound moves.
- Idaho is the state with the most inbound moves. 70.1% of the moves are done towards Idaho.
- So far in their life Baby boomers have moved 6.9 times, generation X have moved 6.8 times and Millennials 4.6 times.
- 85% of the people move within the same state and 15% move to different states.
1. On average, people who buy new houses spend $9400 after they move in; renters typically spend around $4700.
According to the findings of the research Why Targeting New Movers is the Best Move for Your Business, movers who move into their own purchased homes are likely to spend an average of $9400 once they have settled into their new home; this figure does not include the cost of the home itself. However, individuals who rent a home are more likely to spend $4700 on their relocation costs.
(Focus Usa)
2. New movers’ spending behavior averages $9,000 per move (9X more than that of a non-mover during the first 12 months), with annual new mover expenditures exceeding $150 billion.
New movers are likely to incur nine times the amount of spending throughout their first moving year, with an average cost of $9000 each move. The yearly spending of the new movers has increased to $150 billion as a result of this.
This is owing to the fact that various goods and services are being consumed. With each new location, you’ll need to set aside some time to look for the greatest discounts on various goods and services that you can get for a lower price. For the most part, this searching and figuring out procedure takes about 6 months to 1 year total.
(Focus USA)
3. It is estimated that a person in the United States can expect to move 11.7 times in their lifetime.
According to the United States Bureau of Census, a person is anticipated to relocate to a new city or state 11.7 times throughout their whole lifetime. This statistic is based on a single move per year, average mobility, and the age of the participants in various age groups. According to the same source, a person may anticipate to move another 9.1 times throughout their remaining lifespan if they are 18 years old, but by the age of 45, the predicted number of movements is just 2.7. These migrations may be caused by a variety of factors, but the majority of long-distance travels are for work or job transfers, whereas the majority of short-distance changes are for housing.
(US Bureau Of Census)
4. The group most likely to move, has an average head of household age of 35 and an average household income under $30,000.
New movers mail conducted a research in which they discovered various categories of individuals who were most inclined to relocate.
The individuals in the first group, who were the most likely to relocate, had a household income of less than $30,000 and were at least 35 years old at the time of their relocation.
The second group of individuals who needed to be relocated consisted mostly of young adults between the ages of 35 and 40, most of whom were students who had finished their college education or graduated from high school, according to the survey. Their typical family income was between $75,000 and $80,000, and about half of the students lived in their own houses. When it comes to buying, this group of individuals prefers online shopping over traditional methods such as mail or in-store purchases.
Fashion for ladies, outdoor recreational equipment, arts and crafts, as well as kitchen items and décor, are the most popular categories for online shopping. The third group is made up of young families, with 65 percent of them having one or more children in their household. When compared to the rest of the population, the individuals in this category are more likely to live in rented housing, and their average annual income is less than $50,000.
(New Movers Mail)
5. If you avail the basic move service (no extra services) from a moving company then for local move it will cost you $500 to $1600 and for long distance move $2000 to $7000.
The moving company that you choose is the most important element in determining your moving expenses. According to the source, if you choose a moving company to provide you with the basic move service (i.e., no additional services), the cost of a local move would range from $500 to $1600, while the cost of a long distance move will range from $2000 to $7000.
This is just an estimate for moving services, and it does not include costs for assembling and dismantling furniture.
(My moving reviews)
6. 32 million people in the US moved in 2018. To put that in perspective, that’s 10.1% of the population of 319 million US residents.
The number of movements in the United States reached an all-time low in 2018. According to the source, 32 million individuals in the United States relocated throughout the year 2018. To put it in context, it represents 10.1 percent of the population of the United States, which totals 319 million people.
This rate of 10.1 percent is the lowest reported rate of mobility during the previous ten years. Because housing is getting more costly, individuals are becoming more reluctant to relocate within the same city. The reason for the local moves is housing. Another major factor contributing to the decrease in the mobility rate is the fact that people are living longer lives and that older people do not want to relocate.
(Moving)
7. The national average cost to hire packers for local moves is about $40 to $60 per hour per packer and for long distance it will cost you $500 to $4000.
You can save money by packing your own belongings rather than hiring packing services. According to one source, the national average cost to hire packers for local moves is approximately $40 to $60 per hour per packer, while the cost to hire packers for long distance moves is approximately $500 to $4000.
(My Moving Reviews)
8. Illinois, New York, and New Jersey are the three states with the most outbound moves.
Illinois, New York, and New Jersey are the states from which people are fleeing to other states in increasing numbers. It is because of the limited employment opportunities and costly living conditions, such as high home rentals, that people choose to relocate from these states. Making ends meet while unemployed is the most difficult aspect for the movers, which is why many are relocating to other states in search of fresh opportunities and more inexpensive living quarters for their families.
(North American)
9. Idaho is the state with the most inbound moves. 70.1% of the moves are done towards Idaho.
Idaho, according to the source, is the state with the most number of incoming migrations. The majority of the relocations are made in the direction of Idaho (70.1 percent). As a result of the job, 41.2 percent of all incoming movements are carried out. Baby boomers are responsible for 28.7 percent of all relocations. This demonstrates that individuals who are becoming older are more inclined to pick Idaho as their next destination.
(United Van Lines)
10. So far in their life Baby boomers have moved 6.9 times, generation X have moved 6.8 times and Millennials 4.6 times.
Following the results of the Porch study of 1,001 individuals it was discovered that Baby Boomers have moved 6.9 times in their lives, Generation X has moved 6.8 times in their lives, and Millennials have moved 4.6 times in their lives. Millennials relocate once every 2.2 years on average, compared to once every 5.7 years for baby boomers, once every 3.7 years for Generation X, and once every 2.2 years for Generation X. Millennials are the generation that relocates in a relatively short period of time, due to the fact that they actively seek new employment possibilities, while baby boomers migrate at a slower pace, owing to their retirement and advancing age.
(Porch)
11. 85% of the people move within the same state and 15% move to different states.
Because adjusting to a new environment is more difficult, individuals choose to relocate within the same state because they are already familiar with the area. Moving to a completely other state may be more difficult since you are unfamiliar with the area and its transportation system. It is estimated that 85 percent of individuals relocate inside their home state and 15 percent relocate to a different state.
(Moving)
12. With an increase in the percentage of 1-bedroom (28.81%) and 2-bedroom homes (21.16%), the relocation of 3-bedroom (20.27%) and 4-bedroom homes (12.69%) has dropped in numbers in 2019.
There are variations in the sizes of residential homes in 2019 when compared to the sizes of moving trucks in 2018. With an increase in the proportion of people moving into one-bedroom apartments, the figure was 28.81 percent. and it is expected to rise to 30 percent in 2019. In 2019, the number of 2-bedroom houses has increased from 21.16 percent to 24 percent, the number of 3-bedroom homes has fallen from 20.27 percent to 16.2 percent, and the number of 4-bedroom homes has reduced from 12.69 percent to 7 percent.
(Movers development)
13. Piano moving costs.On average, moving a piano costs between $175 and $500.
If you own a piano and intend to relocate, you will be responsible for the cost of transporting it to your new address, which will be an additional expense. Additionally, if you have any obstacles, such as stairs, the cost of moving will rise. After that, the expert piano movers will relocate your piano to your new home or apartment. Moving a piano, on the other hand, will cost you between $175 and $500 on average.
(Thumb Tack)
14. In the months leading up to the move, approximately half of respondents indicated spending less than usual on various items such as vacation/travel, shoes, clothing, gifts and entertainment.
According to the results of a poll done by Epsilon in the months preceding up to the relocation, nearly half of those who participated said they spent less than they normally would on different things such as vacation/travel, shoes, clothes, presents, and recreational activities. Due to the fact that moving is an expensive operation to do, and the majority of movers are moving into leased housing, which already deducts a significant portion of their income in addition to all other costs such as the moving company’s service fees. That is why the new movers create a budget and reduce their spending on items that are not absolutely necessary.
(Epsilon)
15. The average time to move house is estimated to be about 8-16 weeks.
For new movers, money is not the only thing that they spend in order to locate and move to a new home; they also invest their time in order to discover the perfect property, the ideal location, and the appropriate price. Moving from one home to another is expected to take between 8 and 16 weeks on average, depending on the sources used to calculate this figure. This time span covers both seeking and shifting activities.
(Victory Van)
16. It would take the same amount of time for you to pack a typical studio apartment as a professional packing a five-bedroom home.
To make things simpler, it is usually recommended to seek the assistance of a professional moving and storage services company. A professional moving company’s time estimate is based on how much stuff you have and how much furniture you have, with heavier items taking longer to move. For example, moving a piano would require more effort, and moving a piano from the first floor would necessitate more effort because bringing it down and then moving would necessitate more effort. According to the source, if you are wondering how long it takes movers to pack a home, the answer is: around a month. Following that, they respond to your query as follows:
When it comes to packing and unpacking your things, the time it takes a professional moving service may vary depending on the quantity and weight of your furniture. It also relies on the size of the moving team that the business dispatches to assist you in packing up your home and relocating it.
In order to give you an idea of how long it will take professional movers to pack and unload your things, the following chart may be used:
For example, if you live in a studio apartment and a moving company offers you with two crew members, it would take 2-3 hours to pack everything in your home and the same amount of time to unpack everything.
(Movers)
Conclusion
Americans have relocated less in 2019 than they have in any previous year, according to the data that has been gathered so far. The rate of mobility in the United States has decreased by ten percent since 2000. Renters who did not move and millennials were responsible for the decline in the mobility rate. The downturn in the industry began in 1998, and between 2000 and 2010, it fell to 4 to 5 percent of total production. Interstate movements are the most common kind of housing relocation, and they account for the majority of the total mobility rate. This decline was stabilized between 2001 and 2019 as a result of people relocating within the same states.
Because of their age, inability to afford a new location, a changing work market, or any other personal reason, people are putting off their relocation plans. In any case, the net effect of all of this is a low rate of mobility.
This article contains information on new movers and the mobility rate, but it does not include information about the overall impact that COVID-19 has had on the population.
It is certain that there was a significant decrease in mobility throughout the epidemic period.
However, one intriguing thing to note is that, as a result of the work-from-home mentality that the epidemic has introduced into the market, there may be a decrease in the number of long-distance movements made, particularly for work-related purposes.
If there is any cheap housing accessible to Americans in the near future, the mobility rate may suffer. However, it is too soon to make any predictions at this point, so let us just hope for the best.
FAQ
Q1: How much does the moving truck charge on average?
A truck to transport your furniture, boxes, and other home goods costs an average of $1.550 per hour, according to move.org. This cost may range anywhere from $130 for a modest local relocation to $3,250 for a large long-distance transfer depending on the size of the move. The exact price is determined on the size and distance of the rented vehicle.
Q2: Do new movers get stressed in new states or countries?
Moving is a difficult and stressful experience for everyone, both physically and emotionally. When you are relocating to a new location, you may experience anxiety and become concerned. You may experience tiredness and anxiety, but you can deal with these feelings by following a few easy actions. Simply maintain a positive and focused attitude. Make an effort to study and discover new positive and interesting aspects of your new house and community.
SOURCE
Joint center for housing studies
