According to a study conducted in 2020 by United Van Lines, Wilmington was the number one city in all of the United States for inbound moves. This may come of no surprise, seeing as how many of its residents believe that it is a wonderful place to be. But where are these people coming from, and why are they relocating to Wilmington? Keep reading to learn more about Wilmington relocation trends.
Much of the relocation trend is a result from the pandemic. Many people were moving out of highly populated cities like New York City, Chicago, San Francisco and Los Angeles to avoid crowds and protect themselves from the coronavirus. They were moving to smaller cities like Wilmingoton, Boise, and various Florida and Tennessee cities. With many people working remotely as a result of the pandemic, they have even more reason to relocate. On top of that, the slower pace of life and cheaper costs of living can only be an added bonus for these people moving from these densely populated, big-tech cities.
So why are people choosing Wilmington? What makes it so desirable to claim it’s spot at the top of the list? There are many different answers to these questions, but some of the most obvious are the beach, cost of living, weather, economy and even surfing! Wilmington is growing as an entrepreneurial hot spot. Many large Fintech companies like Live Oak Bank, and banking companies like nCino, now call Wilmington home. This is great for the economy and expanding Wilmington’s tech ecosystem. In addition to these larger companies, Wilmington is also great for supporting local, small businesses. These small businesses are what make Wilmington so unique and diverse, with numerous family owned restaurants and artist-owned shops. Wilmington is also home to numerous biotech and health startups. Many of which were a result of the University of North Carolina Wilmington’s Center for Innovation and Entrepreneurship program. It is clear to see that there are many reasons for these Wilmington relocation trends.
The bottom line is, Wilmington is a great place for entrepreneurs. Whether it is a tech startup or a coffee shop down the street, Wilmington is full of passionate, supportive, business-minded individuals. In reality, these individuals are truly what make Wilmington so great. This on top of the landscape, scenery and low cost of living make it an ideal place to relocate too. We welcome our new neighbors and look forward to how the Wilmington community will grow throughout these next years.
Feel free to contact us to help you find a place for your new start-up!