New Survey Finds Nearly Half of Americans are Planning to Move

Americans are still reevaluating their living conditions in the wake of the pandemic, and a new survey by LendingTree found nearly half of Americans plan to move in the near future. Based on responses from more than 2,000 participants, LendingTree’s survey focuses on the motivators pushing Americans to relocate. Within the next year, 46% of respondents say they are thinking about moving. The top response was, “Yes, to a new home in my current area.” Only 20% of respondents say their move will be to an entirely new city or state. Read more to find the most popular reasons Americans are moving.

“The economic crisis has adversely affected the finances of many Americans,” said Tendayi Kapfidze, LendingTree’s chief economist. “Even those who have kept their jobs and added to savings, via stimulus and spending less due to staying home, are likely worried about the stability of their financial position.”

More than 1 in 4 (26%) Westerners and nearly a quarter (24%) of Northeasterners say their local cost of living is high and no longer worth it, due to the coronavirus pandemic. This is underscored by the fact that more than half (53%) of those in the Northeast and more than 4 in 10 (44%) of those in the West are considering a move in the near future.

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