2023 has been a year that the U.S has seen a dramatic drop in moves only 7.8% of the population decided to move. Compared to 2023 the moving industry experienced close to a 10% decline. “The latest moving data suggests that over the last year, the U.S. has been a nation in stagnation. People are being priced out of relocation due to rising interest rates, inflation, and household debt,” said Miranda Marquit, consumer advocate and spokesperson at HireAHelper
Even though moving companies experienced a down turn Wisconsin ranked 8th in the country creating a 19.4% net growth rate of new residents. Indicating Wisconsin is attracting a lot of out of state moves into the area. This is heavily due to the low cost of living and low crime rates. For example Green Bay earned the number 1 spot as best places to live. They also ranked eighth on U.S. News’ list of the 25 Cheapest Places to Live, seventh in best places to live for quality of life, 18th in safest places to live, and 27th in best places to retire. As interest rates stay high and inflation stays steady at its high rates. Wisconsin could continue to see a substantal increase in new residents.
