Key Takeaways:
✅ Steady Growth: Idaho leads with consistent % gains year-over-year with 58% coming from California, followed by 13% from Washington.
📉 Slowing Declines: California's net migration loss appears to be stabilizing.
🏆 Big Movers: Texas boasts the highest nominal net migration gain with +133k in 2023.
A recent study from Placer.ai shows net migration trends continue to highlight a shift in U.S. population growth from 2023 to 2024. States including Idaho (+1.2%) and Nevada (+0.5%) are experiencing significant net migration gains relative to their population. The Carolinas are also experiencing gains with South Carolina +0.6% and North Carolina +0.4%.
A closer look at these trends reveals that affordability, quality of life, and economic opportunity are key drivers behind the population shifts. The Mountain West, led by states like Idaho and Nevada, continues to attract residents seeking a lower cost of living, access to outdoor amenities, and expanding job markets.
Similarly, the Carolinas are benefiting from their strong business climate, growing urban centers, and relatively mild weather, which appeal to both retirees and working professionals. As migration patterns evolve, these regions are emerging as prominent hubs for growth in an increasingly dynamic demographic landscape.
