2 North Carolina Cities Are Losing Residents at a High Rate
America’s biggest cities will never be “vacant,” in the true sense of the word. But, certain cities are losing a lot of residents. A new study is out, and it actually implies that two North Carolina cities are losing residents at a high rate.
The research comes from Aa.investing.com. “There is no shortage of cities in America that provide great quality of life to their inhabitants,” the article states. They add, “For some reason, however, Americans are leaving cities at record numbers, never before seen.”
They go on to mention that one reason could be the shifting economy, as well as the low cost of small-town living. It’s true that you can get a much larger house in a smaller town for a more affordable price than that same house in a larger city. Even the suburbs can be very expensive, especially if they are connected to a major city.
Before we get to our state, let’s look at the No. 1 city that they say is moving towards vacancy. It’s Washington, D.C. Why? “Over the last decade, while there has been a major influx of young professionals moving into the city, this has led to large scale gentrification that has relegated a lot of lifelong DC-natives to nearby Maryland and Virginia, where housing costs are lower,” the article states. The major industries here are the federal government and tourism, and the annual growth rate is 1.04%.
As for North Carolina, the city that is losing residents the most is Rocky Mount. It’s No. 42 on the tally. They do note that, “While the city has relied on tobacco, furniture, and textiles for years, it has started to open up to different businesses recently which might start to bring people back.” Also on the list is Fayetteville at No. 60. Yikes. At least we’re not in the top 10. No South Carolina cities appeared on the list. Find the full tally here.
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