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Population Estimates Show Continuing Growth for Southern United States

Through the end of 2019, the United States Census Bureau population estimates show continuing growth for many southern states. This growth is mainly reflective of domestic migration, with a secondary factor of natural increase (higher number of births over deaths). Overall, the southern region of the nation saw both the largest numeric growth and percentage growth from 2018 to 2019.

The impact of the COVID-19 pandemic may result in some variations for 2020 and beyond. However, the same factors that are driving current population estimates are most likely to continue affecting future growth. This has broad implications for corporate growth initiatives and talent acquisition.

Population Estimates Show Southern Region Growing, Other Regions Declining

The Southern region of the U.S. is growing faster than the nation as a whole. Overall, the southern region accounts for over 65% of the nation’s population growth from 2018-2019.

Region Total Growth Percentage Growth
United States 1,552,022 0.5%
South 1,011,015 0.8%

By comparison, the Northeast Region saw population decline over the same period by 63,817, or -0.1%. The Northeast did experience a population gain of 97,152 due to natural increase over this time period, as well as an increase in net international migration of 134,145. However, net domestic migration out of the Northeast in the amount of 294,331 led to the overall population decline. The loss of nearly 300,000 residents from the Northeast is significant, and may be due to a variety of factors.

Cities and Suburbs

Many states in the Northeast feature comparatively small cities and towns. For example, the state of Connecticut’s largest city is Bridgeport, with a population of about 144,399. Georgia’s largest city is Atlanta, with a population of about 506,811. Regions losing population often face other difficulties such as a declining tax base and diminishing economic prosperity.

Adding suburbs to the city’s population estimates may shed further light. Greater Bridgeport has an estimated population of 305,000, while the entire Bridgeport-Stamford-Norwalk-Danbury metropolitan statistical area has a population of about 948,000 residents. Atlanta, on the other hand, has an urban population of 4.5 million residents. Also, the Atlanta metropolitan area has over 5.6 million residents. The largest city and metropolitan region in Connecticut does not compare favorably to the economic growth, size, and vitality of the largest city and metropolitan region in Georgia.

What do Population Estimates Show for the Southern Region?

Of the top 5 states in total numeric growth in population estimates from 2018-2019, four are in the South, and one is in the Southwest:

Rank State Numeric Growth % Growth
1 Texas 367,215 1.3%
2 Florida 233,420 1.1%
3 Arizona 120,693 1.7%
4 North Carolina 106,469 1.0%
5 Georgia 106,292 1.0%

Clearly the South continues its long period of population growth, while other regions of the U.S. lag. This pattern will result in many changes, from political representation to the ability to fund major infrastructure projects.

Why do People Continue Moving to the Southern Region of the U.S.?

There are several reasons why people decide to move to a new location. In terms of general population trends in the U.S., a few factors often top the list:

1. Jobs

Not surprisingly, all five of the top ranking states for growth in population estimates also rank in the top 20% of states for job growth from 2018-2019.

2. Cost of Living

Each of the top ranking states have cost of living that is lower than half of the other states in the nation. Georgia in particular ranks as the 9th least expensive state for cost of living.

3. Weather

People looking for beautiful weather will find it at each of the top ranking states. Factors that determine a state’s ranking for weather include comfortable temperatures, dry weather, and at least 60% annual sunshine.

What Do Population Estimates Mean for Employers?

Employers should review their future growth plans to determine if certain locations may be more amenable for expansion and talent acquisition. Many states have been investing significantly in education, a key component for state prosperity. The U.S. Census Bureau reports that spending per pupil increased for the sixth consecutive year nationwide. Taking into account variations in cost of living, spending per pupil appears to be somewhat comparable among many states and regions.

Conclusion

GMS’ team of domestic relocation experts has helped thousands of our clients develop hiring and recruiting programs that attract highly skilled job seekers to meet corporate growth objectives. As a result, our team can help your company understand the importance of population estimates for states as they relate to talent acquisition and your company’s ability to attract new hires and transferees.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Contact our experts online to learn more about population estimates as they relate to corporate growth and talent acquisition, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

What are the Top 10 US States for Inbound Moves?

Inbound moves from one US state to another often reflect broad social and economic trends. Mark J. Perry recently published an article through the American Enterprise Institute on this topic. A review of the data and specific points helps tell the story behind the numbers. The state of Arizona is ranked as the #1 state for inbound moves.

This ranking is highly touted by the state as proof of its successful approach to balanced economic growth. Arizona Governor Doug Ducey cites the state’s growing economy, daily influx of hundreds of new residents, and a fiscally conservative state budget. Notably, the state’s budget has risen from a $1 billion deficit in 2015 to a $1 billion surplus in 2019, with a record-high balance in the state’s “Rainy Day Fund” of over $1.014 billion.

Top 10 States for Inbound Moves

The top 10 states for inbound moves, in order, are:

  1. Arizona
  2. Idaho
  3. Nevada
  4. Maine
  5. North Carolina
  6. South Carolina
  7. Vermont
  8. Florida
  9. Montana
  10. Texas

The top 10 states for outbound moves—meaning more residents chose to leave these states, in order, are:

  1. New York
  2. Illinois
  3. New Jersey
  4. California
  5. Connecticut
  6. Hawaii
  7. Massachusetts
  8. New Mexico
  9. Alaska
  10. Louisiana

Factors Driving Inbound Moves

Of the states experiencing the highest amount of inbound moves, significant factors drive these moves. These factors include local costs, taxes, economic growth, and employment measures.

Local Costs

Home prices for the top 10 states that experience the highest number of inbound moves are significantly lower than home prices of the top 10 outbound states. For the top 10 inbound group, average home prices are $231,250. This amount is $99,900 lower than the average for the top 10 outbound group of $331,150.

Average electricity costs are also significantly lower in the top 10 states for inbound moves. These states have an average electricity cost of 10.71 cents per kilowatt hour. By comparison, the average cost for electricity of the top 10 outbound states is 15.99 cents per kilowatt hour. This represents a premium of over 49% higher than the costs for the top 10 inbound moves states.

Taxes

The average top state corporate tax rate for the top 10 states for inbound moves is 5%. This compares to the rate of 8% for the top 10 states for outbound moves. Corporate taxes are often cited as significantly hampering business and economic growth. Many companies have made announcements about relocating from one state with comparatively high taxes to another state with comparatively low taxes.

Employment

Growth in jobs and employment is a key indicator of a state’s economic health. The United States Department of Labor’s Bureau of Labor Statistics considers job growth of 100,000 or more to have a very positive and long-lasting impact on economic growth. The Bureau’s Current Labor Statistics Highlights show that nonfarm payroll employment increased by 128,000 in October 2019. The Bureau also revised the August and September figures significantly upward, again reflecting more favorable economic performance and health. For October 2019, the state of Arizona gained 31,600 nonfarm jobs.

What Should Employers do About Inbound Moves?

Employers in the top 10 states for inbound moves should expect a rise in demand for workers as more residents move into their state. Inbound moves generate a significant economic impact on a location. As a result of inbound moves, new businesses and residents require products and services sourced from the local area, such as:

  • New home construction
  • Insurance policies
  • Educational institutions
  • Retail sales
  • Mortgage services
  • Infrastructure
  • Entertainment establishments
  • Cultural institutions

Companies should review their hiring needs, corporate objectives, and relocation programs. Employers may need to consider offering relocation benefits to attract top talent with specific skills and training. They should also look into pre-hire assessment tools to identify the most qualified candidates for their job openings.

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to respond to labor and economic market forces such as inbound moves to growing states. Our team can help your company by using industry best practices to design your relocation program.

GMS was the first relocation company to register as a .com, created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation® technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss your company’s interest in learning more about how to attract employees in the top 10 states growing due to inbound moves, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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Domestic Relocation Domestic Relocation Tips Domestic Relocation Trends

What are the 2019 Top 10 Fastest Growing Cities in the United States?

Cities in the United States grow for various reasons, but the fastest growing cities share several things in common. Demographics in the US show that overall population growth was 0.6% in 2018, the lowest level recorded in 80 years. Several states are experiencing population declines, and might benefit from unique programs to increase immigrants with high levels of skills. However, some US cities are expanding much faster than others and the nation as a whole. What are the fastest growing cities in the US?

Top 10 Fastest Growing Cities

The 2019 top 10 fastest growing cities in the US are:

  1. The Villages, Florida
  2. Myrtle Beach-Conway-North Myrtle Beach, South Carolina-North Carolina
  3. Midland, Texas
  4. Austin-Round Rock, Texas
  5. George, Utah
  6. Greeley, Colorado
  7. Bend-Redmond, Oregon
  8. Cape Coral-Fort Myers, Florida
  9. Orlando-Kissimmee-Sanford, Florida
  10. Raleigh, North Carolina

What is driving the population growth in the fastest growing cities?

Pleasant Climate

The US overall population growth is relatively anemic. However, the broader trend of retirement-age Americans relocating to cities with desirable climates is driving population growth in several cities. Climate is one of the most important factors that drives retirement-age Americans to move to other cities. Several of these locations also have some of the nation’s most pleasant and temperate climates.

Economic Growth

Another factor that the fastest growing cities share is a focus on economic growth. Healthy economies and vibrant job markets draw those looking for opportunities. Many of these cities have thriving economies with diverse economic bases. As a result, these cities become economic engines for their regions, driving continual growth and expansion. Business-friendly policies and favorable tax benefits further increase the desire to relocate to the fastest growing cities.

Natural Beauty

Several of the fastest growing cities are situated in some of the nation’s most beautiful locations. Some are located along the pristine beaches of a southern coastline. Others are within easy driving distance to stunningly beautiful national parks, mountains, state parks, conservation areas, and national forests. Many of these cities have a number of city parks, rivers, and lakes that support extensive recreational activities.

What Should Employers and Job Seekers in the Fastest Growing Cities do?

Employers in the fastest growing cities should review their corporate initiatives to ensure they can leverage these city’s population growth. They should work with a qualified Relocation Management Company (RMC) that can provide a full range of pre-decision services, career services, and mobility consulting.

Employers may consider relocating new hires or transferees to fill positions in the fastest growing cities as growth continues. They should provide transferees and their family members with as many valuable resources as possible to help increase relocation success.

Job seekers looking for opportunities should consider these as good places to find a job. They should also look into leveraging career services to enhance their job search and increase the likelihood of success in the job market.

Employers not currently located in one of the fastest growing cities should look into the possibility of expansion or relocation for their business. Cities that are growing generate a number of opportunities for companies, including:

  • New customers
  • Growing workforce
  • Higher quality of life
  • Sustainable business growth

Conclusion

GMS’ team of corporate relocation experts has helped thousands of our clients understand how to fill positions in their local markets, including the fastest growing cities in the US. Our team can help your company understand how to use pre-hire assessments to identify qualified candidates. Also, we can help your company design a relocation program following industry best practices that results in higher relocation success rates and greater transferee satisfaction.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Learn best practices from Global Mobility Solutions, the relocation industry and technology experts who are dedicated to keeping you informed and connected. Contact our experts online to discuss your company’s need to leverage growth in the fastest growing cities, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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Domestic Relocation Domestic Relocation Tips Job Seekers Labor Force Talent Management Talent Mobility

What are the Fastest Growing Jobs in North Carolina?

What are the fastest growing jobs in North Carolina? Many job seekers look to find opportunities in regions that experience positive economic growth. North Carolina has the 15th highest percentage change in Gross Domestic Product in the nation through mid-2018. The Southeast region as a whole continues to experience high economic growth, including North Carolina. North Carolina’s two largest metropolitan areas, Raleigh and Charlotte, are among the fastest-growing cities in the nation.

Fastest Growing Jobs in North Carolina

Any list of the fastest growing jobs is subject to change, depending on economic factors including industrial production, global trade, and even weather patterns. However, recent studies show the fastest growth in these jobs:

Mathematics and Finance Jobs

  • Statisticians
  • Credit Counselors

Information Technology Jobs

  • Operations Analysts

Healthcare and Medical Jobs

  • Nurses
  • Occupational Therapists
  • Physical Therapists
  • Physician Assistants
  • Home Health Aides
  • Diagnostic Medical Sonographers
  • Physical Therapy Aides

Highlight on the Fastest Growing Jobs in Charlotte

Charlotte is the largest city in North Carolina. As a result, it offers the most opportunities for job seekers seeking the fastest growing jobs. Charlotte has a diverse industrial base and is the county seat of Mecklenburg County.

A few of the largest Industries in Charlotte include:

  • Manufacturing
  • Retail Trade
  • Hotels
  • Finance
  • Restaurants
  • Healthcare
  • Social Services

Recently, Charlotte has become the second largest financial center in the nation, following New York City. However, the title for second and third largest financial center changes frequently between Charlotte and its close rival San Francisco. Much of this growth is due to Bank of America, the nation’s second largest bank by assets. Bank of America has been increasing its assets and maintains its headquarters in Charlotte. The Charlotte Chamber of Commerce President Bob Morgan notes that the number of banking and finance jobs in the metropolitan region rose 16.2 percent over a ten year period. These are a few of the fastest growing jobs in Charlotte.

What Should Job Seekers do to Find the Fastest Growing Jobs?

Job seekers should investigate the fastest growing jobs in North Carolina for opportunities. A number of resources are available to learn about jobs and careers in North Carolina. Professional networks such as Linkedin provide information on companies and contacts. Job seekers may want to focus on a specific location such as Charlotte, and then narrow down their search by industry to job type. Job seekers should utilize professional career services to enhance their job search and achieve success in their career objectives.

What Should Employers do?

Employers should examine their employment needs as economic growth fosters competition for job seekers with requisite skills and training. They should review their relocation program to determine if it benefits their talent acquisition goals and corporate objectives. Employers should work with a Relocation Management Company that has the knowledge and expertise to help them design a relocation program that promotes global talent acquisition.

Conclusion

GMS’ team of global relocation experts has helped thousands of our clients develop hiring and recruiting programs to attract highly skilled job seekers. Our team can help your company determine how to attract job seekers looking for the fastest growing jobs in North Carolina, or any other location around the world.

GMS was the first relocation company to register as a .com. The company also created the first online interactive tools and calculators, and revolutionized the entire relocation industry. GMS continues to set the industry pace as the pioneer in innovation and technology solutions with its proprietary MyRelocation™ technology platform.

Global Mobility Solutions is proud to be named and ranked #1 Overall, and #1 in Quality of Service by HRO Today’s 2019 Baker’s Dozen Customer Satisfaction Survey.

Contact our experts online to discuss your company’s recruiting, hiring, and relocation program needs, or give us a call at 800.617.1904 or 480.922.0700 today.

Request your complimentary relocation policy review

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