[Econ Collapse] In recent years, Americans have been fleeing our largest cities in unprecedented numbers, and many of them have decided to settle down in quiet little towns all over the country. There are many reasons why this is happening, and I will highlight several of them below. If this trend continues, what will our major metropolitan areas look like? Violence, theft, drugs, homelessness and international migration have all risen to crisis levels and are putting a tremendous amount of strain on our core urban areas. Meanwhile, many small towns are absolutely booming as wave after wave of big city refugees comes pouring in.
People have been leaving large metropolitan areas for a long time, but once the pandemic arrived that trend greatly accelerated...
In the three years before the pandemic, counties in metro areas with at least 1 million residents lost a total 200,000 or so residents annually to other regions, after figuring both people moving in and leaving, according to the Goldman report. After COVID, those losses vaulted to 750,000 in 2021, 650,000 in 2022 and 550,000 in 2023, according to Goldman and Census data. The numbers reflect annual changes through July of each year.
A separate study by Lombard shows the domestic migration losses were concentrated in the largest metro areas with more than 4 million residents. Those cities shed a total 400,000 residents annually before the pandemic and have lost 820,000, 707,000 and 591,000 residents, respectively, over the past three years.
And it is being reported that last year small towns became "the nation’s top destination for domestic migrants for the first time in decades"... |