Did you know that Americans move on average 12 times in their lives? That’s a significant number. It means that Americans are exploring a lot of new faces and spaces. Despite inflation, market volatility, and periodic recessions, the moving industry generates an average of $86 billion annually.

At EkoMovers, we have collected some authentic information to help our readers understand the market trends and plan their local or business moves accordingly. To better understand the extent of the moving industry in almost everything. We’ve compiled some of the most thought-provoking moving industry statistics for 2023.

Types of Moves:

The moving industry is not a new sector. But we have noticed in 2023 that new trends are influencing people to move. This industry adapts to suit the demands of an ever-changing environment due to changing demographics and customer tastes. According to a study, approximately 85% of local moves occur in the same area. Interestingly, in 2022, about 5% of the population moved from the metropolitan area to the suburbs. If we consider long-distance moves, there is an increase of 1% compared to the last two years.

Cost of Moving:

The cost of moving in the United States can vary greatly depending on several factors, including the distance of the move, the size of your belongings, the services you need, and your location. A common and significant expense associated with moving is the cost of labor. The full-service move is desirable for everyone as it includes packing and transportation by the moving company, but this is only recommended for some types of moving and recommended for short-term or out-of-state property sales. Another important factor of moving cost is the transportation cost. Depending on how far you are moving, the shipping cost can add up quickly for long-distance moves. Some important statistics are:

• The average cost of interstate moving is $4,000.
• The average cost of moving within the state is $9,000.

Some more moving industry statistics:

• The moving industry has an annual turnover of $86 billion.
• The industry employs 122,600 people.
• The moving industry workers pay $9.42 billion in tax per annum.
• The average age of movers is between 18 and 34 years.
• The moving industry is comprised of small businesses.
• The market size of the industry is 1.8%.
• Approximately 27 million Americans move every year.
• 82% of people move interstate.
• 11% of people move out of state.
• 4% of the people move out of America yearly.
• There are around 50K moving trucks in the United States.
• Professional movers handle approximately 650K relocations yearly.
• Around half of the moves occur in summer.
• Monday is the most common day for a move.

The USA moving industry in 2023 reflects a dynamic landscape influenced by economic, technological, and environmental factors. Whether you’re planning a local or long-distance move, staying informed about industry trends and leveraging the services of reputable moving companies can help ensure a smoother and less stressful relocation process.