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Urban and Regional Migration Estimates
Principal Investigator(s): View help for Principal Investigator(s) Stephan Whitaker, Federal Reserve Bank of Cleveland
Version: View help for Version V2
Version Title: View help for Version Title Q2 2024 Update
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Regional_Migration_Estimates_Table A2_2024Q2.xlsx | application/vnd.openxmlformats-officedocument.spreadsheetml.sheet | 53.1 KB | 07/25/2024 11:31:AM |
Urban_Migration_Estimates_Table A1_2024Q2.xlsx | application/vnd.openxmlformats-officedocument.spreadsheetml.sheet | 22.4 KB | 07/25/2024 11:45:AM |
Project Citation:
Project Description
This project provides two sets of migration estimates for the major US metro areas. The first series measures net migration of people to and from the urban neighborhoods of the metro areas. The second series covers all neighborhoods but breaks down net migration to other regions by four region types: (1) high-cost metros, (2) affordable, large metros, (3) midsized metros, and (4) small metros and rural areas. These series were introduced in a Cleveland Fed District Data Brief entitled “Urban and Regional Migration Estimates: Will Your City Recover from the Pandemic?"
The migration estimates in this project are created with data from the Federal Reserve Bank of New York/Equifax Consumer Credit Panel (CCP). The CCP is a 5 percent random sample of the credit histories maintained by Equifax. The CCP reports the census block of residence for over 10 million individuals each quarter. Each month, Equifax receives individuals’ addresses, along with reports of debt balances and payments, from creditors (mortgage lenders, credit card issuers, student loan servicers, etc.). An algorithm maintained by Equifax considers all of the addresses reported for an individual and identifies the individual’s most likely current address. Equifax anonymizes the data before they are added to the CCP, removing names, addresses, and Social Security numbers (SSNs). In lieu of mailing addresses, the census block of the address is added to the CCP. Equifax creates a unique, anonymous identifier to enable researchers to build individuals’ panels. The panel nature of the data allows us to observe when someone has migrated and is living in a census block different from the one they lived in at the end of the preceding quarter. For more details about the CCP and its use in measuring migration, see Lee and Van der Klaauw (2010) and DeWaard, Johnson and Whitaker (2019).
Definitions
Other Types of Regions
Metro areas with populations above 2 million and house price averages below $200 per square foot are categorized as affordable, large metros. Metro areas with populations between 500,000 and 2 million are categorized as mid-sized metros, regardless of house prices. All remaining counties are in the small metro and rural category.
To obtain a metro area's total net migration, sum the four net migration values for the the four types of regions.
Citation: If using the data, please cite Whitaker, Stephan D. 2023. “Urban and Regional Migration Estimates: Will Your City Recover from the Pandemic?” Federal Reserve Bank of Cleveland, Cleveland Fed District Data Brief. https://doi.org/10.26509/frbc-ddb-20230803
The views expressed in this project description are those of the author and are not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System.
Scope of Project
Methodology
Related Publications
Published Versions
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