Most profitable relocation types and sizes in 2022
Do you want to start your own moving business? Or do you just want to know what type of move to choose when you are relocating? Either way, the article today will discuss the profitable relocation types and sizes in 2022. Today, we are going to discuss why people are moving, where they are moving, and how did they create the statistics for moving companies.
Hiring a moving company, like Best Long Distance Movers, is surely going to help you relocate much faster and safer. More importantly, hiring professional movers almost always ensures a positive relocation experience. But, how will that affect your finances? Will you have to spend more, or less than you normally would? What type of relocation should you choose and when? These are all of the questions that are on the minds of everyone who plans on moving. Luckily, we are here to answer them.
Before we talk about the most profitable relocation types and sizes in 2022
Overall, the year 2021 was very slow, as far as population growth goes. In fact, the overall growth of the population for 2021 is at 0,1%. However, although there is a low population growth rate, the highest population growth factor in the year 2021 was relocations. The coronavirus pandemic put a stop to the world, so we are not surprised the population growth rate is low.
Consequently, the same coronavirus pandemic is one of the main reasons people were moving during the last year. According to the most recent Census Bureau estimates, around 244.000 residents arrived in the US from immigration. When comparing it to the previous decade, this number is more than 4 times lower than it was. A lot of popular, and populous states have been recording large population losses due to relocation. So, what are those states, and what is the main reason for their population loss?
What are the states with the highest inbound migration rate?
The inbound migration rate is something that is done annually. This rate determines the flow of the population migration from, and for each state. Now, the reasons for moving are plenty. Some people move for better jobs, others to be closer to family, while some people moved so they can live in a less populated area, or to get away from harsh COVID-19 restrictions.
So, what are some of the states that offer good conditions that allow them to be at the top of the inbound migration charts? One thing is certain, long distance moving companies in Vermont have been doing the most work.
- Vermont – 71%
- South Dakota – 69%
- South Carolina – 63%
- Florida – 62%
These are some US states that have a very high inbound migration rate. If you want to learn more about why they are at the top of these charts, we should condone your own research.
What are the states with the highest outbound migration rate?
The coronavirus pandemic made being closer to family one of the main reasons for relocation. Although people were moving for the same reason before, the number of people doing it now is much higher. Moreover, a lot of people that are retiring are moving out of their current state, into a state with less population density.
So, people moving to Miami, using long distance moving companies in Florida services, for example, are most likely retirees that seek a less-populated area for retirement. So, what are the highest outbound migration rate states?
- Illinois – 67%
- New York – 63%
- Connecticut – 60%
- California 59%
When it comes to Illinois, the two main reasons people are moving out are the more affordable housing options and job opportunities. Moreover, the poor public policy made these two things even worse for residents in the state. Now, let us talk about profitable relocation types and sizes in 2022.
What are the most profitable relocation types and sizes in 2022?
There are more than 31 million Americans moving each year. This is estimated to be roughly $86 billion in revenue for moving companies all across America. So, to say that the moving industry suffers greatly due to the pandemic, or in general, would not be true. In fact, a lot of people do not even realize the magnitude and overall presence the moving industry has.
Moreover, the average American will move, approximately, 11.7 times in their lifetime. On average, 9.8 Americans move out on a yearly basis. Given that the average American household has 2.3 people, we can say that this is 15.3 million household moves every year. Summer is the most popular moving period, and we are not really surprised about that. Given that summer is the peak season for moving, and a lot of people have free time during the summer, it is somewhat logical to move then.
Who moves the most?
If we want to know the types of relocations that are the most common, we have to follow the statistics about who is moving the most. So, for example, individual, or family relocations lead the chart with 44%. Its runner-ups are, commercial or office moves with 38%, military moves with 16%, and finally, government moves, being at 2%.
Seeing this statistic, we can come to terms that household relocations are the most common form of moving. So, if you are moving with your family, using best long distance movers in Illinois, for example, you would be one, out of many people that were moving their household. When it comes to pricing, relocating your household will never be more expansive than moving your company. However, it is always smart to calculate your moving expenses before moving. Now that we know who moves the most, let us see our average expenses.
How much does moving cost?
Putting an exact amount of money you will spend on your relocation process is nearly impossible. Firstly, the price will vary depending on the situation you are in. Secondly, the services you choose also play a big role in the expenses. Thirdly, hiring best long distance movers in California does not exempt you from unexpecting costs that can occur at any time.
An average cost for an interstate move would be around $4.100. The local, or in-state move would be around $1.000. Moreover, you should know that, almost, every local mover will charge you, approximately, $25 per hour. Now, logically, the longer the distance you move to is, the more you will have to pay. Additionally, the bigger your home is, the larger the fees will be. The same goes with moving your company to a new location. The distance and the size of the move matter the most.
Profitable relocation types and sizes in 2022: What size of home do people move the most?
To have a better understanding of profitable relocation types and sizes in 2022, we have to know what type of household is mostly being moved. Now that we know household relocations are the most common, we have to understand how much moving your home will cost you. Of course, as we were saying in the paragraph above, the size of your home will determine the price of the relocation.
So, for instance, hiring long distance moving companies in Texas to relocate a studio home or apartment is done by 9.40% of the population. 28.80% move a one-bedroom home, 21% a two-bedroom home, 20.30% a three-bedroom home, and nearly 8% move a four-bedroom home. Generally speaking, moving a one-bedroom home is the most common relocation in the US. Luckily, moving a one-bedroom home is not as expensive as the rest would be.
When is the best time to move?
Now, this is a trick question. First, we have to understand, what does the best time mean? Do we mean when it is the best for us to relocate, or when you can make the most out of the moving company you hire? If you are to hire some of the profitable relocation types and sizes in 2022, you would have to understand the concept of the peak season.
Summer is the most popular season for moving. Warm and sunny weather, combined with more free time than usual allows a lot of people to relocate during this period. However, moving during the summer is more expensive and will make it harder for you to find a moving company. Moving off-peak season, meaning anytime but summer will be cheaper, and long distance moving companies in Maryland, for example, will be more flexible. May, June, July, and August are popular moving months.
How are people moving?
Logically, hiring professional moving companies, like best long distance movers in New York, is the safest and easiest way to move. However, not everyone is in the situation to do so. More importantly, many people have enough experience with relocations that they can approach it on their own.
So, to put it into the statistics, around 650.000 people a year are moving with the help of professional movers. One million residents do not hire moving services but do hire a moving truck. Furthermore, around 1.35 million Americans move DIY, without any assistance from professionals whatsoever. Hiring professional moving companies to relocate you will ensure quickness and safety. On the other hand, not all people are in the situation to do so. Furthermore, many people opt to do it on their own to try and save as much money as they can.
Moving and the pandemic
We cannot say that the pandemic had no impact on the lives of many people in the world. Hence, it is somewhat expected that many people want to find a new place to call their home. Whether due to imposing regulations, searching for a less populated area, or simply being closer to family, long distance moving companies in New Jersey, surely had a lot of work to do. In this case, New Jersey has a very dense population, so many people want to move to areas with fewer people.
In fact, the pandemic contributed a lot to the profitable relocation types and sizes in 2022, as many people wanted to find a new place they can call home. The lockdown, and everything that was happening, made people realize that their mental health should be a priority. So, a lot of Americans decided it is time to find a new home.
So, what are the most profitable relocation types and sizes in 2022 for moving companies?
To finish this article, we are going to talk about the most profitable relocations for the moving companies. On the other hand, we are also going to talk about what is the best choice for the person moving. Of course, we cannot say that the person moving will profit from it. However, hiring best long distance movers in Idaho to relocate you, will be expensive if you move during the summer while having to relocate a large household.
Coming as no surprise, moving a four-bedroom household, with specialty items, on longer distances, will be the most profitable relocation for the moving company. Most importantly, as household relocations are the most popular relocations, moving household items will usually mean that you will always have work to do.
What is the best choice for you, as the person who is moving?
Although we cannot say that moving can be profitable for you, we can say that it can be cheaper. So, to save more money while moving in 2022, it would be best to relocate your one-bedroom home. Because household relocations are the most popular, they are also the most profitable relocation types and sizes in 2022.
However, if you want to move your household, you have to understand the expenses. Acquire a moving estimate and see what are the things you are paying for. Additionally, to lower the expenses, declutter and throw away everything you do not need. This will lower the weight you move, thus lowering the expenses. Finally, selling the items you will not need can also lower your moving expenses.