Net migration in the US may shift from the Sun Belt to the Snow Belt due to climate change.

Climate change is causing a shift in US population trends, with net migration potentially moving from the Sun Belt to the Snow Belt. A San Francisco Fed working paper finds that as temperatures rise, more Americans are staying in the North and leaving the South. In the coming decades, Sun Belt migration may reverse, as extreme heat in warm regions becomes more common and cold regions become increasingly livable.

July 24, 2024
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