Charts: Miami Area Leads Inbound Moves from 2019 to 2022 as Population Declines Slightly

As can be seen in this chart, the Miami metro area had the largest inbound gains in the country during 2022 versus pre-pandemic 2019. Inbound moves in 2022 increased by near 60% in 2022 compared to 2019 in South Florida. Other charts related to this and related commentary can be found at a recent NAR post, “Where People Moved in 2022.” The biggest surprise here is that Scranton came in second. Scranton! With that influx, presumably Dunder Mifflin will have less challenges finding another Assistant to the General Manager should Dwight be lured away to the sunny 0% state income tax number 1 area on this list.

Also surprising is that Miami-Dade actually experience net migration since COVID-19, as displayed in an ARCGIS dashboard. this was discussed this in a recent Miami Today article, “Magnet pull of South Florida on US residents is just a myth“, as did the Miami Herald in another, “Miami metro residents most rent-burdened in U.S.; Census figures show county population drop.” What appears to be happening, then, is not so much an increase in the population, but instead an increase in the affluence of the population as those that can’t afford it leave to be replaced by those that can.

Although the data ends in 2020, one can see these trends have been going on for some time in St Louis Fed data:

U.S. Census Bureau, Resident Population in Miami-Dade County, FL [FLMIAM6POP], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/FLMIAM6POP, February 10, 2023.

U.S. Census Bureau, Estimate of Median Household Income for Miami-Dade County, FL [MHIFL12086A052NCEN], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/MHIFL12086A052NCEN, February 10, 2023.