South Carolina ranked second in inbound moves in 2020, study finds
South Carolina ranked second among states with 250 inbound moves or more in 2020, according to United Van Lines’ 44th Annual National Migration Study.
North Carolina, Georgia and Florida are the top three states contributing to South Carolina’s inflow, according to the U.S. Census, with total domestic movers into the Palmetto State numbering 176,008.
Retirement was the number one reason for South Carolina’s inflow at 38.5%. Other reasons for moving to the Palmetto State were:
- Employment 26.6%
- Family 18.8%
- Lifestyle 17.6%
- Health 1.5%
Those 65 and older made up the largest number of new South Carolina residents in 2020 at 34.8%, followed by:
- 55-64, 34.3%
- 45-54, 14.5%
- Less than 18-34, 9%
- 35-44, 7.7%
Those making $150,000 or more annually comprised the largest group of new South Carolina residents in 2020 at 48.2%, followed by:
- $100K-$150K, 20.5%
- $75K-$100K, 14.1%
- $50K-$75K, 12.7%
- $0-$50K, 4.5%
South Carolina also lost residents in 2020, with employment being the number one reason at 43.5%. Other reasons people moved out of the Palmetto State in 2020 were:
- Family, 31.8%
- Lifestyle, 14.9%
- Health, 7.8%
- Retirement, 7.1%
According to the United Van Lines study, the top 10 inbound states in 2020 were Idaho, South Carolina, Oregon, South Dakota, Arizona, North Carolina, Tennessee, Alabama, Florida and Arkansas.