Tennessee, nation sees slowing migration in 2023

The state of Tennessee saw its rate of net in-migration decrease in 2023 with 28,000 people moving to the volunteer state in 2023. U.S. Census data analyzed by Storage Cafe, an online marketplace, found that Tennessee saw 47,000 less residents in 2023 than it had migrate in 2022 and 69,000 less than the state saw during the height of the COVID-19 pandemic in 2021. Tennessee ranked as the state with the ninth most in-migration in 2023 with the majority of migrants coming from California and Florida. Local and interstate moves have decreased across the country with home affordability issues as well as rising insurance and property tax rates contributing. Texas reported the most net migration followed by Florida and North Carolina.