Definition
A cross-tabulation showing the geographical mobility of individuals (whether they moved within the last year and how far) categorized by their household income level.
Why It Matters
Reveals how income influences migration patterns. It can highlight whether high-income earners are moving into/out of an area, or if low-income individuals are forced to move due to affordability issues, impacting economic vitality and social stability.
Specific Relevance for Professionals:
Marketers
Helps identify markets with high mobility among specific income groups, influencing targeting for luxury relocation services, affordable housing options, or services related to economic opportunity for movers.
Researchers
Fundamental for studying economic mobility, gentrification, access to opportunity, and the drivers of migration patterns across different income strata.
Consultants
Crucial for economic development consultants assessing the flow of wealth into/out of a region, or for real estate developers targeting housing for specific income-mobile segments.
Public Policy Workers
Important for informing housing affordability policies, economic development initiatives, and understanding the social impact of income-driven migration on communities.