So Long, Farewell . . .

Economy |
By Rik W. Hafer | Read Time 2 minutes minutes

Every year since 1993, Atlas Van Lines has analyzed interstate moving patterns among U.S. households. Their Migration Patterns report shows which states are experiencing net inflows and outflows of households. The latest report rehashes a familiar story: In 2015, more Missouri households moved out (1,068) than moved in (918).

When I say the story is familiar, I’m not kidding. Have a look at the table at the end of this post, which reports household migration data for Missouri and its neighboring states since the end of the Great Recession. An outbound figure over 50 percent indicates that there are more moves out of than into the state.

Not only has Missouri experienced a net loss of households over the 5-year period, but it did not have a single positive year during that time. In this context, consistency is hardly a virtue.

The Atlas report provides the newest evidence of the difficulty Missouri has had in keeping residents here and attracting people from other states, but Atlas’s data makes up just one voice among a growing chorus. Others include data from the Census Bureau, the IRS’s Statistics of Income, and even data from another moving company (United Van Lines).

In an earlier analysis, Michael Rathbone and I found that all of these studies sing a song we should be tired of hearing: Missouri households are voting with their feet and seeking other, more attractive economic environments.

 

Average for 2011–2015

State

% Inbound

% Outbound

Arkansas

48.0

52.0

Illinois

41.3

58.7

Iowa

46.7

53.3

Kansas

45.9

54.1

Kentucky

51.0

49.0

Missouri

45.7

54.3

Nebraska

42.5

57.5

Oklahoma

52.2

47.8

Tennessee

56.8

43.2

Source: Atlas Van Lines Migration Patterns, 2016.

About the Author

Rik Hafer is an associate professor of economics and the Director of the Center for Economics and the Environment at Lindenwood University in St. Charles, Missouri.  He was previously a distinguished research professor of economics and finance at Southern Illinois University Edwardsville. After receiving his Ph.D. from Virginia Tech in 1979, Rik worked in the research department of the Federal Reserve Bank of Saint Louis from 1979 to 1989, rising to the position of research officer. He has taught at several institutions, including Saint Louis University, Washington University in Saint Louis, the Stonier Graduate School of Banking, and Erasmus University in Rotterdam. While at Southern Illinois University at Edwardsville, Rik served as a consultant to the Central Bank of the Philippines, as a research fellow with the Institute of Urban Research, and as a visiting scholar with the Federal Reserve Banks of Atlanta and St. Louis. He has published nearly 100 academic articles and is the author, co-author, or editor of five books on monetary policy and financial markets. He also is the co-author of the textbook Principles of Macroeconomics: The Way We Live. He has written numerous commentaries that have appeared in The Wall Street Journal, the St. Louis Post-Dispatch, the St. Louis Business Journal, the Illinois Business Journal, and the St. Louis Beacon. He has appeared on local and national radio and television programs, including CNBCs Power Lunch.

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