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Top 15 Cities Where Gen Z is Moving in the US

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In this article, we will take a look at the top 15 cities where Gen Z is moving in the US. If you want to read our discussion on the relocation trends, you can go directly to the Top 5 Cities Where Gen Z is Moving in the US.

Gen Z, especially those reaching adulthood, are making an impact on local economies through their migration patterns. Driven by factors like college, career opportunities, or a desire for new experiences, Gen Zers are relocating in large numbers. In fact, the movement rate of Gen Z during the last year stood at 17%, which was far above the national average, according to the Annual Social and Economic Supplement of the Current Population Survey.

The US cities Gen that Z is moving to show the stark differences in their preferences as compared to other generations. They are moving to large cities while other generations are leaving the same cities. Moreover, job opportunities and sunshine seem to be among the important considerations for Gen Zers. The top 10 states Gen Zers are moving to as of 2022 include Texas, California, and Florida.

While job opportunities play a major role, other factors, such as education, also influence Gen Z migration patterns. College towns particularly remain popular destinations. College towns like Ann Arbor, Michigan (home to the University of Michigan) and College Station, Texas (home to Texas A&M University) saw significant inflows of Gen Z residents. These cities offer a lively atmosphere along with access to educational resources.

Key Players in the US Moving Services Market

Due to the quantum of migration within the US and to other countries, it is no wonder that the US moving services market is expected to see a significant growth of approximately $3.92 billion at a compound annual growth rate (CAGR) of 3.68% between the years 2022 and 2027. Within this market, the residential segment is the largest. The pandemic and subsequent rise of remote work were the major contributors to the growth of this segment as they fueled people's movement towards more affordable locations.

Other major drivers of this industry include the growth of the real estate industry, an increase in immigration, and a rise in corporate relocations. The high cost of moving and the challenges in finding suita0ble housing are two factors that can have a negative impact on the growth of this sector. Key players within the market include ArcBest Corporation (NASDAQ:ARCB), XPO, Inc. (NYSE:XPO), and FedEx Corporation (NYSE:FDX).

ArcBest Corporation (NASDAQ:ARCB) is a big name in the US moving services market and is one of the biggest trucking companies in the US. It is a multibillion-dollar logistics company that provides a comprehensive set of supply chain solutions, including less-than-truckload (LTL) shipping, truckload shipping, warehousing and distribution, intermodal services, and more. ArcBest Corporation (NASDAQ:ARCB) has beat earnings estimates by an average of 30.91% for the last two quarters and is expected to beat projected earnings again in the next quarter.