Moving Billerica
Are you thinking about moving house? If your answer is yes then you are not alone because each year in America literally millions of people move houses. In fact, it is estimated that 9.8 percent of Americans move each year, (15.3 million, American households) and the average American moves 11.7 times in the course of a lifespan.Moving home can be stressful and in some surveys, it is recognized as the third most stressful situation you will encounter in your lifetime, surpassed only by the death of a loved one and divorce.
Many people choose the DYI (Do It Yourself) approach to move and it is believed this is why the experience becomes so stressful. However, people who move using a professional removalist company like Moving Billerica experience significantly less stress.
Statistics
Obviously moving house is part of the American lifestyle, so let’s dive right in and break down the numbers.
As stated above it is estimated that 9.8% of Americans move house in a year, and whilst this might seem a lot it is actually a significant decline compared to the 1960s when approximately 18% of Americans would move house. The decline in the number of people moving house is attributed to a large extent to the pandemic and to a general feeling of insecurity when it comes to taking a risk and leaving a secure environment.
Looking at who moves each year, also produces some interesting statistics. Each year a total of 44 percent of the total home moves in America are individual or family, 38 percent corporate moves, military 16 percent, and government agencies 2 percent. Of these groups, the corporate moves are most likely to use a professional removalist service like Moving Billerica.
Demographics show that the group moving the most are house renters followed by homeowners. In 2018, 21.7& of renters moved houses, and 5.5% of homeowners moved.
Here are the sizes of households as a percentage of the total number of moves. The biggest moving group was those moving to one-bedroom homes at 28.81% of the overall moving numbers.
The other large moving groups were;
- Two-bedroom homes at 21.16%,
- Three-bedroom houses at 20.27%,
- Partial moves at 12.69%,
- Studio apartments at 9.37%
- Four-bedroom homes at 7.7%.
Financial statistics for the moving industry.
The moving industry provides approximately 125,600 jobs and has an annual payroll of approximately $3.6 billion. The industry has experienced a steady yearly growth rate of 3%. The removalist industry is composed mostly of small businesses, and 47.8% of the removalist businesses employ 5 or fewer personnel. Only 8.5% of the total number of removalists are classified as large businesses and employ 100 people or more.
It is estimated that there are approximately 8000 independent removalist companies in the United States like Moving Billerica utilizing about 5, 000 moving trucks and producing an annual revenue of approximately $18.5 billion.
The revenue generated by the moving industry can be broken down into the following categories
- Direct moving costs 69.6%
- Storage including self-storage 20.2%
- Packing and packaging including materials 7.5%
- Miscellaneous costs 2.7%
Statistics can also show us why people move house. According to the US Census Bureau the top 20 reasons why people move houses are;
- 17.4% wanted a new or better house/apartment
- 12.2% wanted to establish their own household and because they were moving bulk items these people would tend to use professional removalists like Moving Billerica
- 10.8% moved in search of a new job or because of a job transfer
- 10.5% cited family reasons as the reason for their move
- 8.2% cited the rising costs of purchasing a new house or even maintaining their current house and they were moving in an attempt to find cheaper housing alternatives
- 6.7% cited other general housing reasons
- 6% expressed a desire to be closer to work and cutting down on the time spent commuting to and from work as the main reason for their move
- 5.9% cited wanting to own their home and it was this group that mainly utilized professional moving companies like Moving Billerica
- 4.8% claimed a change in marital status prompted their moving
- 3.2% moved in order to attend college or an educational institution
- 3.1% noted the desire to live in a better neighborhood as their reason for moving
- 1.8% claimed they moved for health reasons
- 1.5% moved because they had lost their job or were looking for a new better paying job
- 0.9% of moves were because of eviction or foreclosure
- 0.8% moved because they were seeking a more hospitable climate
- 0.7% moved due to retirement.