Phillyliving.com offers a convenient place for Philadelphia Home Buyers and Seller to search for new properties by location, price, and school catchment. This site allows you to search for properties in Philadelphia, explore different neighborhoods and learn more about our team of experienced Realtors in Philadelphia. Phillyliving.com focuses on Philadelphia Real Estate news in Center City and Philadelphia neighborhoods. Find a condo or home with Philadelphia's most accurate home listings. Close
Page Summary

Do Jobs or Location Drive Moves to Philadelphia?

Posted by Admin PhillyLiving on Monday, July 9th, 2018 at 4:30pm.

  • ¬†Philadelphia is #6 metro in the nation where people move for the job after San Jose, Raleigh, DC, Boston and Houston.
  • 53.7% of Philadelphia metro renters are job-first movers, choosing to find a job in Philadelphia prior to moving there (comparing to Baltimore - 43.9%, New York - 43.6%, Boston - 55.1%, Washington DC - 59.1%)
  • 46.3% of Philadelphia metro renters are location-first movers, choosing to move to Philadelphia prior to searching for a job
  • 29.3% of Philadelphia renters are planning to settle down in the area long-term. Compared to the national average (35.6%), fewer Philadelphia renters plan on settling down in their current metro (Baltimore - 27.5%, New York - 27.3%, Boston - 15.6%, Washington DC - 36.3%)
  • Renters in more affordable metros are more likely to plan on settling down in their current metros. Of renters surveyed living in lower rent metros, 42.4% plan on settling down in their current metro, compared to 34.3% of renters in more expensive metros.
Based on the stats and the graph above, it isn't really safe to say whether Philadelphians are location driven or job-driven. Although data shows that Philly area renters are job-driven when moving, it's close to even allowing us to believe it's not just about the jobs! Philly has become a hot spot for culinary gurus, start-up companies, and recently...sports fans! So while a slight majority of residents come to Philadelphia for the jobs, it is safe to say they stay for much more than that!
 
Thank you to Apartment List for sharing your research and data with us!

Leave a Comment