Even migration is bigger in Texas. Dallas leads all U.S. cities as the largest net gainer with 246 people arriving daily, according to a Bloomberg analysis of 2017 Census data on migration to the 100 largest U.S. metropolitan areas. In 2014, the crown belonged to Houston with 269 migrants per day.
After Dallas, Sun Belt beacons Phoenix, Tampa, Atlanta and Orlando round out the top five. Seattle, at number six with a gain of 116 people daily, is the only cold-weather destination in the top 10. The daily influx surpassed 100 people in nine cities, while Chicago, New York, and Los Angeles saw an exodus of more than 100 people every day.
These figures exclude the natural increase in population, which is the difference between the number of live births and the number of deaths.
The migration trend has two channels — international and domestic. The international portion is the difference between those moving from outside the U.S. and those leaving the country. The second part of the equation, net domestic migration counts those who move in from another part of the country and subtracts those who leave for other U.S. areas.
Voting with Their Feet
Relocations can lead to large skill and investment transfers.
People who choose to relocate to other parts of the country are taking their talents with them. States and local governments make a large investment in educating people and many people further this by investing in a college education, so when one moves, a large investment transfer is occurring.
Dallas was the greatest beneficiary of this domestic migration, adding nearly 59,000 domestic movers in 2017, followed by Phoenix (51,000) and Tampa (41,000), which serve as anchors for the western and southern regions that got the bulk of the gains.
Click here to read more.
SOURCE: Bloomberg Quint, Alexandre Tanzi and Wei Lu