The capital city of Colorado has been popular among those looking to relocate during the COVID-19 pandemic.

According to data collected by Bloomberg, Denver ranked No. 8 for the most moved-to city in the country from April 2020 to October 2020.

The analysis was made using LinkedIn profiles, comparing the number of people leaving and entering zip codes among approximately 174 million LinkedIn users based in the United States.

The data collected from the study showed that for every one person that moved out of Denver between April and October, 1.34 people moved in.

Those who chose to relocate did so for a range of reasons, from transitioning to remote work and looking for a better quality of life during the pandemic to seeking fewer crowds.

The Denver Post said 15% of people specifically named the pandemic as their reason for moving.

Cities in states with low or zero income taxes attracted the most people to relocate; Colorado’s 4.63% top marginal individual income tax rate is still less than California and New York’s, which come in at 13.30% and 8.82%, respectively.

The study conducted by Bloomberg determined that the top five most-moved-to cities during the COVID-19 pandemic are:

  • Austin, TX
  • Phoenix, AZ
  • Nashville, TN
  • Tampa, FL
  • Jacksonville, FL

On the other hand, Hartford, CT, New York City and the San Francisco Bay Area saw the biggest outflow of people in April through October 2020.

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