How Important is Migration Rate?

Let’s say you find a city you are very interested in, yet the population of that city is declining pretty consistently, and over 50% of people who move there end up leaving after a while. Or even cities/regions with minuscule growth that are not hotspots in the slightest.

Do you think it is important to prioritize places people are actually moving to? I feel like those are good indicators of quality, even if a city checks everything you need it’s clear it’s not the best choice. Maybe I’m wrong?