Retirement draws people to Florida, away from New Jersey
Retirement continues to be a big reason that people move to Florida, with 34% of those moving into the Sunshine State doing so for retirement-related reasons, according to results of a new poll by United Van Lines. The company surveyed customers to understand the reasons behind their moves.
Other states with the highest percentages of move-ins due to retirement in 2016, according to the survey:
- Nevada and South Carolina, 32%.
- Arizona, 31%.
- New Mexico, 27%.
- Montana and Idaho, 25%.
Arizona, Idaho and Nevada are part of a trend of retirees moving to the West, according to United Van Lines.
“We are seeing more retirees than ever decide to relocate, and as a result, new retirement hubs are popping up in Western states,” said Michael Stoll, an economist and professor and chairman of the Department of Public Policy at the University of California, Los Angeles, who commented on the results. “Interestingly enough, these retirees are leaving at such a fast pace that the movement of millennials to urban areas in the Midwest and Northeast is being overshadowed.”
Indeed, in several states in the Northeast, high percentages of people who were moving out in 2016 said they were doing so because they were retiring. New Jersey topped the list, with 30% of people who were moving out saying they were motivated by retirement.
Additional states where the highest percentages of moving retirees left, according to the survey:
- Michigan, Montana (also on the move-in list) and New York, 24%.
- Illinois and New Hampshire, 23%.
- Vermont, 22%.
- Connecticut, Massachusetts and Virginia, 21%
Click on the states below to see more details about the 2016 United Van Lines Movers Study: