Most people will move at least once in their lifetime. If you’ve moved in the last year, you are one of 11% of Americans that also changed scenery. Whether you’re moving to a new house, relocating to a different city or downsizing after the kids go to college, the moving industry is as active as it has ever been. In fact, the total economic impact of the moving industry in 2016 was $85.7 billion.
The moving industry is changing with the times, though. For example, Millennials are moving significantly less than previous generations. This is despite being less tied down to one place with mortgages, spouses and children.
We gathered 35 important moving statistics and grouped them into eight categories based on areas of interest. Educating yourself on moving industry trends can help you get a better idea of what to prepare for during your next move.
General Moving Industry Statistics:
1. The moving industry employs 122,600 people with an annual payroll of $3.6 billion. [Source: AMA]
2. The industry is comprised mostly of small businesses. [Source: AMA]
- 47.8% of industry companies employ fewer than 5 people.
- Only 8.5% of industry companies employ 100 or more people.
3. The number of interstate household moves sits at around 3 million annually. [Source: AMA]
4. Surprisingly, more people utilize the do-it-yourself method than employ professional movers. [Source: AMA]
- by professional movers: 650,000
- by a consumer with a rented truck: 1 million
- by consumer unassisted: 1.35 million