Emerald Capital Strategic Advisors
January 2023 Migration Trends
Updated: 9 hours ago
Which U.S. States Show Significant Migration Trends in January 2023?
As we entered 2023, there was a significant shift in population trends across the United States. According to data compiled by Placer ai, the Southeast, Southwest, and Western Coastal states saw the most substantial increases in net population, while the Northeast and Northern states experienced the largest decreases in net population.
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TOP WINNERS FOR THE MONTH OF JANUARY 2023
With a net migration of just over 4,000 people, Utah saw a 0.18% increase in total population in January 2023. This is a continued trend, as Utah was one of the top 10 fastest-growing states in 2022. Much of Utah's growth can be attributed to migration out of nearby states such as California.
South Carolina experienced a net migration of approximately 16,000 people, resulting in a 0.31% increase in net population growth in January 2023. South Carolina was the third fastest-growing state in population, behind Idaho and Florida. The state's growth can be attributed to industrial expansion in key South Carolina markets, such as Charleston.
With a net migration of approximately 60,000 people, Arizona experienced a 0.84% increase in net population growth in January 2023. Year over year, Arizona has seen an increase in population of approximately 100,000 people. The population growth can be attributed to individuals relocating to warmer climates for the winter, but also permanently to markets like Phoenix, which is one of the fastest-growing MSAs in the past three years. Additionally, increases in population growth can be attributed to an influx of undocumented immigrants crossing the border from Mexico and locating to Arizona.
Hawaii experienced a net migration of approximately 17,000 people, resulting in a 1.27% increase in net population growth in January 2023. Hawaii's population has increased by approximately 7,000 people over the past 12 months. Hawaii's population growth in January 2023 can be attributed to individuals relocating to warmer climates for the winter months from colder climate states.
Florida remains the fastest-growing state, with a net migration of approximately 280,000 people resulting in a 1.3% increase in net population growth in January 2023. Much of the migration can be attributed to snowbirds relocating to Florida for the winter. Year over year, Florida has grown by approximately 300,000 population compared to January 2022.
TOP LOSERS FOR THE MONTH OF JANUARY 2023
Iowa's population declined by 0.52%, losing approximately 17,000 in population. Population decline can be attributed to individuals leaving the state for warmer climates during the winter months. Year over year, Iowa's population has increased slightly with approximately 6,000 in population growth from 2022-2023.
New Hampshire's population declined by 0.6%, losing approximately 8,000 in population for the month. This is a new trend as New Hampshire saw population growth during the COVID pandemic. Over the past 12 months, population has declined from 1.37 million people in January 2022 to 1.36 million people in January 2023, a decline of approximately 10,000 people. Approximately 27,000 people have moved out of New Hampshire since September 2022. The majority of population decline can be attributed to snowbirds and retirees relocating to warmer climates during the winter months.
Delaware’s population declined by 1.1% in January 2023 losing approximately 11,000 in population for the month. Delaware lost approximately 8,000 in population year over year from January 2022 to January 2023. Additionally, Delaware lost approximately 30,000 in population from September 2022 to January 2023. This is likely attributed to retirees and snowbirds relocating to warmer climates during the winter months. Many individuals leaving Delaware are heading south towards warmer states such as Florida, South Carolina, and Texas.
Maine’s population declined by 1.23% in January 2023 losing approximately 5,400 in population for the month. Much like other states on this list, population decline can be attributed to snowbirds and retirees relocating to warmer climates during the winter months. Maine's population has been relatively stable in recent years but has seen a slight decline in net migration over the past year.
Vermont's population declined by 1.32% in January 2023, losing approximately 2,900 people for the month. Vermont has seen a steady decline in population over the past few years, with net migration out of the state being the primary driver. This can be attributed to a combination of factors, including a high cost of living, harsh winters, and limited job opportunities.
NOTABLE STATES TO MENTION
California’s population increased by 0.12% (31,000) with approximately 174,732 people migrating in the state while 143,422 migrated out.
Texas’ population increased by 0.17% (32,336) with 156,902 migrating in the state while 124,566 migrated out.
New York’s population declined by 0.30% (Decline of 64,871) in January 2023 with approximately 113,221 migrating in the state while 178,092 people migrated out of the state for the month.
New Jersey population increased by 0.14% (increase of 9,367) with 80,402 migrating into the state while 71,035 migrated out.
In conclusion, the trend of people moving to warmer climates in the winter months continues to hold true in January 2023. States such as Florida, Arizona, and Hawaii continue to see significant population growth, while states in the Northeast such as Vermont, Maine, and New Hampshire are seeing population declines due to retirees and snowbirds relocating to warmer states. Overall, it will be interesting to see if these trends continue throughout the year and if there are any shifts in migration patterns.