Rising air conditioning costs are driving a migration to the Rust Belt
As extreme heat turns southern utility bills into a second mortgage, thousands of Americans are trading palm trees for the affordable 'thermal refuge' of the Midwest.
For decades, the American dream moved toward the sun, but the cost of staying cool is finally breaking the bank. In cities like Las Vegas and Miami, households now face cooling costs that can run $1,000 higher per year than in the north. This economic weight is triggering a reverse migration toward the Rust Belt, where cities like Cleveland and Detroit are seeing home prices rise as the Sun Belt's market cools.
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