People Are Moving To North Carolina At Some Of The Highest Rates But Where Are They Coming From?
It’s not your imagination, people are moving to North Carolina in droves. According to our friends at United Van Lines, North Carolina is one of the top states that people…
It's not your imagination, people are moving to North Carolina in droves. According to our friends at United Van Lines, North Carolina is one of the top states that people are flocking to. And we can see why they would want to! Many people like to come south for the weather, cheaper cost of living, and the laid-back atmosphere. The study is part of a yearly report by United Van Lines, in fact, this is the 46th annual National Movers Study the company has conducted. This year's results show that Americans continue to move to lower-density locations. This relocation is driven by lifestyle preferences such as a career change, retirement, and wanting to be closer to family.
The top inbound states of 2022 were:
- Vermont
- Oregon
- Rhode Island
- South Carolina
- Delaware
- North Carolina
- Washington, D.C.
- South Dakota
- New Mexico
- Alabama
The top outbound states for 2022 were:
- New Jersey
- Illinois
- New York
- Michigan
- Wyoming
- Pennsylvania
- Massachusetts
- Nebraska
- Louisiana
- California
New Jersey and New York are two of the top three states people are relocating from. This along with the rest of the top 4 in Illinois and Michigan align with many of the trends I personally have witnessed. Wyoming which came in at number 4 surprises me a bit more. Those folks must not be coming to the Carolinas as I haven't crossed paths with any. Do these trends line up with what you're personally seeing? Have you seen an influx of people moving to North Carolina?
These Are The Wealthiest Towns In North Carolina
Let's face it we aren't Silicon Valley or the Upper East Side of Manhattan. But that doesn't mean there isn't money in North Carolina. And with the lower cost of living here than in other areas, it can be easier to gain and maintain wealth. Just look at some of the most expensive homes for sale just in Charlotte. There are some high price tags. And the rich, well they tend to hang out with other wealthy individuals. The Oxford Dictionary defines wealth as "an abundance of valuable possessions or money". I typically think of wealth as the type of money that spans generations. Regardless the wealthiest towns in North Carolina are those with the highest median household income and home values. Our friends over at Suburbs101.com compiled a list of the 9 Wealthiest Towns in North Carolina. Some of these I'd classify more as suburbs but you still get the point.
Below you will find a list of the wealthiest towns and suburbs as reported by Suburbs101.com. The information presented in this article is based on data from the US Census American Community Survey and the rankings are based on median household income. You can read their full study here.
9. Davidson, NC
Median Household Income: $141,845
Bachelor's Degree or Higher: 75%
Median Home Value: $487,000
8. Bartons Creek, NC
Median Household Income: $150,735
Bachelor's Degree or Higher: 70.7%
Median Home Value: $499,600
7. Walnut Creek, NC
Median Household Income: $150,938
Bachelor's Degree or Higher: 71.6%
Median Home Value: $394,800
6. Weddington, NC
Median Household Income: $152,377
Bachelor's Degree or Higher: 64.8%
Median Home Value: $549,200
5. Sandy Ridge, NC
Median Household Income: $153,893
Bachelor's Degree or Higher: 61.50%
Median Home Value: Not provided
4. Center Grove, NC
Median Household Income: $1574,107
Bachelor's Degree or Higher: 57.9%
Median Home Value: $408,700
3. Biltmore Forest, NC
Median Household Income: $173,750
Bachelor's Degree or Higher: 83.1%
Median Home Value: $1,074,500
2. New Light, NC
Median Household Income: $184,385
Bachelor's Degree or Higher: 62%
Median Home Value: $467,100
1. Marvin, NC
Median Household Income: $221,350
Bachelor's Degree or Higher: 76.4%
Median Home Value: $686,600
