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Making the choice to relocate to a new city can be a difficult decision for many people.
Coldwell Banker’s new Move Meter tool compares data such as quality of living, housing affordability, job market strength, and living affordability. There are subcategories that are calculated to show the average score for each category.
So where are people coming from and where are they headed?
These are the top 10 cities people are looking to leave:
The top 10 cities that American’s have been dreaming to relocate to:
Why are some cities on both lists? They reflect a lot of turnover. Austin’s growing popularity, for example, has meant higher rental prices.
According to Coldwell Banker’s findings, the number of searches looking to move out of state has decreased in the past year from 82% in 2022 to 72.5% in 2023. The data indicate that many movers want to remain in their state but relocate to a new city.
New England is not known for its affordable real estate market, but see how these cities compare in this category.
Boston | Worcester | Springfield | Cambridge | Providence | Hartford | Manchester, N.H. | |
Home price | $691,800 | $342,200 | $235,400 | $972,300 | $310,500 | $139,800 | $341,000 |
Property tax | 0.72% | 1.67% | 1.78% | 1.22% | 1.87% | 2.3% | 2.22% |
Home appreciation rate | 11.6% | 16.5% | 15.2% | 11.2% | 18.9% | 11.8% | 17.4% |
Price per square foot | $208.67 | $222.93 | $163.96 | $457.68 | $184.24 | $79.68 | $228.99 |
Quality of life encapsulates a variety of criteria in the rankings calculations.
The education scores were based on publicly recorded data from local schools and colleges in the area.
The healthcare and fitness finds were based on access to care and fitness amenities.
The weather score used data from the National Oceanic and Atmospheric Administration’s Climate Data Center on precipitation and temperature. The tool also uses the Environmental Protection Agency’s air quality index.
The tool calculates the commute/transit scores based on mass transit data using five-year estimates.
The accessibility score was based on local resources, and culture/entertainment looked at nearby attractions.
Boston | Worcester | Springfield | Cambridge | Providence | Hartford | Manchester, N.H. | |
Education | 81 | 77 | 57 | 95 | 65 | 64 | 70 |
Healthcare and fitness | 100 | 98 | 71 | 92 | 87 | 92 | 82 |
Weather grade | 64 | 60 | 57 | 64 | 65 | 63 | 60 |
Air quality index | 68 | 77 | 70 | 73 | 72 | 71 | 80 |
Commute/transit score | 68 | 59 | 62 | 85 | 59 | 69 | 59 |
Accessibility | 23 | 22 | 22 | 23 | 23 | 22 | 21 |
Culture/entertainment | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
Hartford ranked lowest in all job market categories, while Cambridge scored close to the top across the board.
Boston | Worcester | Springfield | Cambridge | Providence | Hartford | Manchester, N.H. | |
Unemployment rate | 4.7% | 5.8% | 8.8% | 2.9% | 5% | 8% | 2.2% |
Recent job growth | 5.08% | 4.32% | 4.29% | 5.08% | 4.3% | -4.17% | 1.26% |
Future job growth index | 63 | 52 | 37 | 71 | 48 | 31 | 76 |
Median household income | $71,120 | $48,140 | $39,430 | $103,150 | $45,610 | $36,800 | $60,710 |
In the absence of a state income tax, Manchester, N.H., ranked as one of the most affordable cities.
Boston | Worcester | Springfield | Cambridge | Providence | Hartford | Manchester, N.H. | |
State income tax | 5% | 5% | 5% | 5% | 3.8% | 5.5% | 0% |
Utilities | 47 | 41 | 44 | 48 | 46 | 49 | 48 |
Food/groceries | 64 | 53 | 49 | 72 | 52 | 48 | 53 |
Sales tax | 6.25% | 6.25% | 6.25% | 6.25% | 7% | 6.35% | 0% |
Transportation cost | 85 | 54 | 53 | 55 | 68 | 69 | 48 |
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