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Are We Back Yet?

Source: https://advanresearch.com/are-we-back-yet

Migration and population trends for September 2021 are in. We are starting to see a slow return back to base, meaning residents returning to urban locations. But it is a slow process and by no means complete yet. Here are a few representative graphs that illustrate the point.

Resident moves from May to September 2021 show a slight increase of residents in the Northeast (New York to Massachusetts), Southeast, Northwest and (less so) in the Southwest coasts.

In particular, New York county (Manhattan) is up 15% in September vs May 2021:

Boston is up almost 23% (reminder that the income shown is individual income, which is 60% lower on average than household income):

San Francisco up almost 3%:

But we still have a long way to go. Comparing recent residents vs February 2020 (just before the pandemic) shows a massive shift towards rural areas that has yet to be reversed:

In that comparison, New York county is down 46% since pre-pandemic:

Boston down 16%:

San Francisco down 32%:

Seattle down 20%:

… and South Dakota up 28% !!!

To learn more about the data behind this article and what Advan has to offer, visit https://advanresearch.com/.

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Data is changing the speed of business. Investors, Corporations, and Governments are buying new, differentiated data to gain visibility make better decisions. Don't fall behind. Let us help.

DATA PROVIDER SPOTLIGHT

ETR Research

ETR is a primary technology market research firm, capturing real-time evaluations and spending intentions from thousands of enterprise-leading technologists.

For almost 10 years, Global 2000 corporations have trusted ETR’s proprietary technology research to capture real-time market activity. ETR produces market research through standardized surveys and round table discussions, not analyst opinions – our data driven approach quantifies the narrative driving the technology landscape. Marketing, Investor Relations, Corporate Strategy and Corporate Venture Capital teams no longer need to rely on anecdotal evidence to make business decisions. Vendors covered in our surveys gain mindshare among global IT leadership & gain key insights into navigating their competitive landscapes.