Connecticut is one of several states experiencing an exodus of residents over the past year, according to the latest United Van Lines’ 40th Annual National Movers Study.
The report tracks customers state-to-state migration patterns over the past year.
With retirees moving to Mountain and Pacific West states as well as those in the South, South Dakota for the first time snagged the No. 1 spot as the top move-in destination. Relocating for a new job or company transfer topped the list of reasons for inbound moves, followed by retirement.
However, the Northeast continues to be subject to residents moving away, with 60 percent of Connecticut residents “outbound,” preceded by New York and New Jersey, both with 63 percent outbound, the study found.
“This year’s data clearly reflects retirees’ location preferences. We are seeing more retirees than ever decide to relocate, and as a result, new retirement hubs are popping up in Western states,” said Michael Stoll, economist, professor and chair of the Department of Public Policy at the University of California, Los Angeles.
“Retirees are leaving at such a fast pace that the movement of Millennials to urban areas in the Midwest and Northeast is being overshadowed,” he added.
