Over Half of Americans Surprised by Moving Expenses, New Survey Finds

With the high cost of moves, nearly half of Americans (49%) don’t think it’s a good time to move across the country. About 58% of long-distance movers say driving a moving truck across the country would stress them out, but 28% did it anyway.

ST. LOUIS, Feb. 27, 2024 /PRNewswire/ — 50% of Americans who moved in 2023 spent $2,000 or more to relocate, compared to 46% who spent that much in 2022, according to new research from Home Bay, an online publication owned by Clever Real Estate that connects readers with expert real estate advice, and Allied Van Lines, one of the world’s largest moving companies.

A staggering 53% of Americans who moved experienced unexpected moving expenses, and 54% say the total cost of their move was higher than expected. With soaring costs, 1 in 3 (33%) admitted that they did not budget correctly for their move.

86% of Americans who moved in 2023 have regrets about moving — up from 75% in 2022.

With many movers charging by size and weight, 24% of Americans wish they downsized their belongings before moving. Other common regrets include missing their old home (24%) and that moving was too expensive (20%).

The strain of moving extended beyond finances — 46% of Americans shed tears, and 42% fought with their loved ones during the moving process.

Despite these challenges, 75% report that they are happy they moved. The top reasons for moving in 2023 were to improve their quality of life (31%) and upsize their home (21%).

If money were no object, the states Americans say they most want to move to are California (32%), New York (29%), and Florida (24%).

However, migration data from Allied Van Lines shows more affordable states such as South Carolina, North Carolina, and Tennessee have the highest percentage of inbound moves.

Read the full report at: https://homebay.com/moving-trends-2024/

About Home Bay

Home Bay is a web property of Clever Real Estate, an online platform that connects home buyers and sellers with top-rated agents at a discount rate.

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About Allied Van Lines

Established in 1928, with more than 400 agent locations in North America, Allied Van Lines is an experienced leader in household goods moving and specialized transportation services. Allied is a leader in providing relocation services to corporations, consumers, governments, and non-profits around the world. Voted as America’s Most Recommended Moving Company for five consecutive years by Women’s Choice Awards, Allied is one of the world’s largest moving companies and an established global brand of SIRVA BGRS, Inc. For more information about Allied Van Lines, visit allied.com. Allied Van Lines, Inc., U.S. DOT No. 076235.

Nicole Lehman
Clever Real Estate