Many workers reported cost of living as the most significant reason for moving states for a new job. Cities including San Francisco and Miami saw net population losses in the third quarter of 2023. New data from the Bank of America Institute looks at where job switchers are moving for those new roles , and which cities are increasingly luring in more new workers. San Francisco had one of the lowest shares of job changers moving in at under 11%. For many of these cities, Bank of America found population change and job growth went hand-in-hand.

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