24/7 Wall Street, a financial news and commentary Web site, released a new report on Thursday identifying the 50 cities Americans are abandoning the fastest. In the “Population migration patterns” report, two Alabama cities made the top 40; Montgomery ranked #27 and Mobile ranked #39.
According to the report, “Each year, roughly 40 million Americans, or about 14% of the U.S. population, move at least once. Much of that movement includes younger people relocating within cities, but it is trends of Americans moving to warmer climates, more affordable areas, and better job opportunities that have largely determined migration patterns in recent decades.”
The study used migration data from the U.S. Census Bureau from 2010 to 2017 to come up with the list. During those years Montgomery’s population decreased 10,317 to migrating residents, meanwhile Mobile lost 8,517. However, despite its migration loss, Mobile set a net 0.2 percent population gain during those years. Montgomery however, lost 0.2. percent of its overall population.
A look at the stats
- Population decrease due to migration, 2010-2017: -10,317
- Population change, 2010-2017: -0.2% (374,541 to 373,903)
- Natural growth, 2010-2017: 35,032 births, 25,380 deaths
- Median home value: $135,700
- Population decrease due to migration, 2010-2017: -8,517
- Population change, 2010-2017: +0.2% (413,143 to 413,955)
- Natural growth, 2010-2017: 40,422 births, 30,886 deaths
- Median home value: $126,800