Industry Data

Moving Statistics 2024 - Industry Trends

Comprehensive moving industry statistics for 2024. Learn about costs, trends, demographics, popular routes, and growth in the moving industry.

  • Industry Growth Data
  • Cost Analysis
  • Demographics & Trends
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Industry Overview

Moving Industry Trends 2024

Key statistics and trends shaping the moving industry

Total Moving Industry Value

$18.7 billion
+12%Growing

Annual revenue for the moving industry

Average Moving Cost

$1,400
+8%Increasing

Average cost for a long-distance move

Number of Moves Annually

28.2 million
+5%Stable

Total household moves per year

Remote Work Impact

23%
+15%Growing

Percentage of moves related to remote work

Cost Analysis

Average Moving Costs by State

Moving costs vary significantly by state and region

California

#1
$2,800

Factors:

  • High cost of living
  • Long distances
  • High demand

New York

#2
$2,600

Factors:

  • High cost of living
  • Urban complexity
  • High demand

Texas

#15
$1,800

Factors:

  • Large state
  • Moderate costs
  • Good infrastructure

Florida

#12
$1,900

Factors:

  • High demand
  • Tourist areas
  • Hurricane considerations

Colorado

#8
$2,100

Factors:

  • High demand
  • Mountain access
  • Growing population

North Dakota

#45
$1,200

Factors:

  • Low population
  • Rural areas
  • Lower demand
Seasonal Data

Peak Moving Seasons

When people move and how it affects costs

Summer (May-September)

65%
of all moves
$1,600
average cost

Factors:

School schedulesWeatherJob transfers

Booking:

Book 4-6 weeks early

Spring (March-May)

20%
of all moves
$1,400
average cost

Factors:

Weather improvementJob marketTax season

Booking:

Book 2-4 weeks early

Fall (September-November)

10%
of all moves
$1,200
average cost

Factors:

School startsJob marketWeather

Booking:

Book 1-2 weeks early

Winter (December-February)

5%
of all moves
$1,000
average cost

Factors:

Weather challengesHolidaysJob market

Booking:

Book 1 week early

Popular Routes

Most Popular Moving Routes

Top routes people are moving in 2024

Los Angeles to San Francisco

Distance
380 miles
Average Cost
$2,200
Very High Demand

Factors:

Tech industryHigh cost areasShort distance

New York to Florida

Distance
1,200 miles
Average Cost
$3,500
High Demand

Factors:

RetirementWeatherTax benefits

Chicago to Dallas

Distance
925 miles
Average Cost
$2,800
High Demand

Factors:

Job opportunitiesCost of livingBusiness growth

Boston to Austin

Distance
1,900 miles
Average Cost
$4,200
Medium Demand

Factors:

Tech industryCost of livingLifestyle

Seattle to Denver

Distance
1,300 miles
Average Cost
$3,200
Medium Demand

Factors:

Outdoor lifestyleJob opportunitiesCost of living

Demographics

Mover Demographics

Who is moving and why

25-34 years

35%
of all movers
$1,600
average cost

Common Reasons:

Job changesMarriageStarting families

35-44 years

28%
of all movers
$2,200
average cost

Common Reasons:

Career advancementGrowing familiesUpsizing homes

45-54 years

18%
of all movers
$2,800
average cost

Common Reasons:

Job transfersDownsizingRelocation

55-64 years

12%
of all movers
$2,400
average cost

Common Reasons:

RetirementDownsizingClimate preferences

65+ years

7%
of all movers
$1,800
average cost

Common Reasons:

RetirementAssisted livingFamily proximity

Growth Trends

Moving Industry Growth

Revenue and growth trends over the past 5 years

2020

$16.2B
revenue
-8%

Key Factors:

COVID-19 impactLockdownsEconomic uncertainty

2021

$17.1B
revenue
+6%

Key Factors:

RecoveryRemote workSuburban migration

2022

$17.8B
revenue
+4%

Key Factors:

Return to officeInflationHousing market

2023

$18.7B
revenue
+5%

Key Factors:

Economic recoveryJob marketHousing demand

2024 (Projected)

$19.6B
revenue
+5%

Key Factors:

Continued growthRemote workPopulation shifts

Remote Work Impact

Remote Work's Impact on Moving

How remote work has changed moving patterns

Remote Work Moves

23%
Increasing

Percentage of moves related to remote work

Suburban Migration

18%
Stable

Moves from urban to suburban areas

Cross-Country Moves

12%
Growing

Long-distance moves for remote work

Home Office Setup

45%
Stable

Moves requiring home office space

Cost Factors

Moving Cost Trends

Factors affecting moving costs in 2024

Fuel Costs

High Impact+15%

Diesel prices affecting moving costs

Trend: Volatile

Labor Costs

High Impact+8%

Wage increases for moving crews

Trend: Increasing

Insurance Costs

Medium Impact+5%

Insurance premium increases

Trend: Stable

Equipment Costs

Medium Impact+3%

Truck and equipment maintenance

Trend: Stable

Regulatory Costs

Low Impact+2%

Compliance and licensing costs

Trend: Stable
Customer Satisfaction

Customer Satisfaction Data

How satisfied customers are with moving services

Overall Satisfaction

4.2
out of 5
Stable

Average customer satisfaction rating

On-Time Delivery

87%
Improving

Percentage of moves completed on time

Damage Claims

3.2%
Decreasing

Percentage of moves with damage claims

Repeat Customers

23%
Stable

Percentage of customers who move again

Referral Rate

31%
Increasing

Percentage of customers who refer others

Frequently Asked Questions

Common questions about moving statistics and trends

What's the average cost of moving in 2024?

The average cost of a long-distance move in 2024 is approximately $1,400, though this varies significantly by distance, home size, and location. Local moves average $800-1,200, while cross-country moves can cost $3,000-7,000.

Which states are most expensive to move to?

California and New York are the most expensive states to move to, with average costs of $2,800 and $2,600 respectively. These high costs are due to high cost of living, long distances, and high demand for moving services.

When is the best time to move to save money?

Winter months (December-February) offer the lowest moving costs, with average savings of 20-30% compared to peak season. However, weather can be challenging, so consider the trade-offs carefully.

How has remote work affected moving trends?

Remote work has significantly impacted moving trends, with 23% of moves now related to remote work arrangements. This has led to increased suburban migration and cross-country moves as people relocate for lifestyle reasons.

What are the most popular moving routes?

The most popular routes include Los Angeles to San Francisco, New York to Florida, and Chicago to Dallas. These routes are popular due to job opportunities, cost of living differences, and lifestyle preferences.

How much has the moving industry grown?

The moving industry has grown steadily, reaching $18.7 billion in 2023 with a projected 5% growth in 2024. This growth is driven by economic recovery, remote work trends, and population shifts.

What age group moves most frequently?

Adults aged 25-34 make up 35% of all moves, followed by those aged 35-44 at 28%. Younger adults move more frequently due to job changes, marriage, and starting families.

How satisfied are customers with moving services?

Overall customer satisfaction averages 4.2 out of 5, with 87% of moves completed on time and only 3.2% resulting in damage claims. The industry has seen steady improvement in service quality.

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