Recent data suggest that nonmetropolitan America is experiencing an outmigration trend. Between 1998 and 2004, more people have moved out of nonmetropolitan areas than moved into these areas. This net outmigration trend presents a fundamental challenge to nonmetropolitan areas and contradicts the predictions of social scientists who argued that the rural renaissance of the 1970s represented a clean break with earlier patterns of internal migration. Using annual data from the 1989-2004 rounds of the Current Population Survey March Demographic Supplement, this paper analyzes recent trends in metropolitan/nonmetropolitan migration. It demonstrates that highly educated nonmetropolitan youth are leading contemporary nonmetropolitan outmigration. Contrary to the clean break theory, this paper argues that economic incentives continue to be relevant to current nonmetropolitan/metropolitan migration patterns. (Contains 3 figures, 4 tables and 7 footnotes.)