1、 Table of Contents The Geography of Domestic Migration 3 Interstate Flows:Which States Gained and Lost Residents?3 Zooming In:Net Migration Across Metro Boundaries 7 Florida Dominates Large Metros 9 The Affordability Factor 10 Demographics Over Dollars 12 The New Migration Map:Strategic Implications
2、 14 2026 Placer Labs,Inc.|More insights at placer.ai|2 Key Takeaways Smaller states led by South Carolina and Delaware posted the largest net migration gains relative to population in 2025.Among the six most populous states,only Florida recorded meaningful net inflows.New York,Illinois,and Californi
3、a kept losing residents,though outmigration slowed from recent years.Vermont,a COVID-era relocation hotspot,saw the biggest outflow relative to population.State-level trends hid local variation:Phoenix led major metros,and Dallas drew inflows as Houston lost residents.Among large CBSAs(500,000+resid
4、ents),mid-sized Florida metros dominated,driven mostly by in-state moves.Affordability still drives relocation but movers increasingly favor older,established communities with larger 65+populations.The Geography of Domestic Migration During the pandemic and its aftermath,Americans were on the move.M
5、illions left expensive coastal markets for lower-cost destinations across the Sun Belt,while boomtowns such as Bozeman,Boise,and Austin struggled to keep pace with the influx of new residents.That wave of relocation has since cooled,as return-to-office mandates,higher mortgage rates,and a shrinking
6、affordability gap between coastal cities and many COVID-era hotspots have dampened the incentive to move.But even in a slower market,domestic migration remains one of the most powerful forces shaping local economies,housing markets,and consumer demand.This report leverages AI-powered location analyt