Read our full analysis for a more in-depth look at these trends.
Who’s still on the move?
Americans are moving less overall, but Gen Z and higher-income groups are feeling fewer constraints.
April 2026
Key takeaways
- Overall moving activity has slowed over the past three years, particularly among Millennials and Gen X, while Gen Z remains a notable exception, according to Bank of America account data. Despite a modest pullback over the past year, Gen Z still shows more movers than in 2023, making them the most resilient cohort when it comes to relocating.
- While Gen X and Baby Boomers moved in near lockstep in Q1 2026, often seeking similar metro areas, Gen Z tends to gravitate toward a distinct set of cities including Denver, Minneapolis, Austin and several high-cost West Coast locales, according to Bank of America account data. This suggests that while some Gen Z may be attracted to cities with growing employment and career prospects, lifestyle and culture may also be major drivers.
- Additionally, moving activity has declined far more among lower- and middle-income households than among higher earners over the past three years, with the top 5% by income seeing the smallest drop in movers. This divergence highlights how affordability constraints are increasingly limiting mobility for the less-affluent households.
Additional Materials:
Get the latest from Bank of America
Institute delivered right to your inbox.
