- Americans took refuge in the suburbs of the largest cities early in COVID.
- A growing share is moving to less populated metro areas or small, semi-rural towns.
- The shift is being driven by employers' adoption of more permanent work-from-home set-ups.
As the COVID-19 pandemic enters its third year and remote work becomes more firmly rooted, Americans are rethinking where they want to live.
For the most part, they’re thinking smaller.
But not too small.
After taking refuge in the suburbs of the largest cities during the early days of the health crisis in 2020, a growing share of U.S. residents are moving to less populated metro areas or small, semirural towns further from urban cores, according to a Moody’s Analytics study of credit agency records.
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