To understand the extent to which people are moving due to remote work, Upwork conducted a remote work report, based on survey of over 23,000 people in the U.S.
2.4% of adults say that they have already moved because of remote work, compared to 1.8% in October 2020. In total, this implies that 4.9 million people have relocated as a result of remote work since 2020.
When looking back at 2019 data, the median worker lived within a half hour of their workplace, and 80% of people lived within 1.5 hours. Now people are moving outside commutable distances: 28% of people said they are moving more than 4 hours away. Another 13% said they are moving between two and four hours away.
The survey data suggests both long-distance moves and moves from city centers to nearby suburbs. Economists Arjun Ramani and Nicholas Bloom call this the later a “donut effect” because it will push down demand in central business districts and push up demand in the nearby suburbs. This model would prevent people from moving farther away because they will still have some ties to the office.
Even when effects are not clear in housing prices, they may be in apartment rents. Data from ApartmentList shows that metro areas with higher pre-pandemic rents have experienced weaker rental price growth since the beginning of the pandemic.
Remote work is and will continue to have implications for local labor markets. Professionals have a unique chance to take advantage of the opportunity to find a place they want to and can afford to live, regardless of where their employer’s office may be.
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This remote work report goal is to understand the extent to which people are moving due to remote work. Based on 23k+ people survey in the US
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