Across the country, fewer people are packing up and moving than ever before. A new study shows the national moving rate is just 11 percent, which is the lowest on record. In New York, the rate is even lower at 8.5 percent. That makes New York one of the least mobile states in the country, meaning most people are staying right where they are.
Some New York Cities Are Still Seeing Lots of Moves
Even though the state as a whole is staying put, some cities tell a different story. Places like Syracuse, Rochester, and Schenectady have much higher turnover. In Syracuse, more than 20 percent of residents moved within a year. Rochester was close behind at nearly 17 percent, and Schenectady was just under 15 percent.
Why So Many New Yorkers Are Staying Put
There are a few reasons people may not be moving as much. High home prices, higher interest rates, and the cost of moving itself can make staying in place feel like the safer…..