Current:Home > InvestU-Haul report shows this state attracted the most number of people relocating -FinTechWorld
U-Haul report shows this state attracted the most number of people relocating
View
Date:2025-04-14 16:10:10
For the third consecutive year, Texas had the largest number of people moving to the state, according to U-Haul's Growth Index report.
Each year, the moving equipment rental company tracks the net gain of one-way U-Haul trucks arriving in a state or city compared with the net gain of trucks leaving that same state or city. Texas tops 2023's list, followed by Florida, North Carolina, South Carolina and Tennessee.
According to U-Haul, there are over 2 million one-way U-Haul truck transactions each year within the U.S. and Canada. The report gives a snapshot of do-it-yourself movers in 2023, but does not account for the total population of movers, such as those who used other rental companies or methods of moving.
U-Haul said in its report that the findings do not “correlate directly to population or economic growth.”
Top states for movers
These states saw the largest influx of movers in 2023, according to U-Haul:
- Texas
- Florida
- North Carolina
- South Carolina
- Tennessee
- Idaho
- Washington
- Arizona
- Colorado
- Virginia
- Nevada
- Vermont
- Utah
- Wyoming
- Delaware
California is at the bottom of U-Haul’s list for states that gained population, following similar net-migration trends revealed in 2022 U.S. Census data.
Southern states grew by more than 1.3 million people in 2022, making it the fastest-growing region in the U.S., according to data from the U.S. Census Bureau.
The South experienced a growth of 1.1% over 2021, largely driven by domestic and international migration. Since 2018, the South has experienced increasing year-to-year net domestic migration and is the most populous region in the U.S. at 128.7 million people, according to the most recent data available.
Texas reigns as top state for movers, third consecutive year
U.S. Census data shows Texas’ population has increased more than any other state since 2022. Over 668,000 people moved to Texas from another state in 2022. While almost half a million people left the state, Texas had a net gain of about 174,000 new residents.
Equipment rentals arriving in Texas accounted for more than 50% of all one-way U-Haul traffic in and out of the state, fueling its growth, according to the U-Haul report.
In a news release, John “J.T.” Taylor, U-Haul International president, said, “While one-way transactions in 2023 remained below the record-breaking levels we witnessed immediately following the pandemic, we continued to see many of the same geographical trends from U-Haul customers moving between states.”
“While one-way transactions in 2023 remained below the record-breaking levels we witnessed immediately following the pandemic, we continued to see many of the same geographical trends from U-Haul customers moving between states," John Taylor, U-Haul International's president, said in a news release.
See complete list of U-Haul growth states ranked
On the move:A move from California to Texas could save a million dollars. Many Americans are opting in
veryGood! (59)
Related
- Louvre will undergo expansion and restoration project, Macron says
- A Clean Energy Revolution Is Rising in the Midwest, with Utilities in the Vanguard
- Margot Robbie Reveals What Really Went Down at Barbie Cast Sleepover
- Americans flood tourist hot spots across Europe after pandemic
- Intellectuals vs. The Internet
- Lily-Rose Depp and The Weeknd React to Chloe Fineman's NSFW The Idol Spoof
- Woman stuck in mud for days found alive
- Kelis and Bill Murray Are Sparking Romance Rumors and the Internet Is Totally Shaken Up
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- This week on Sunday Morning (July 9)
Ranking
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Los Angeles sheriff disturbed by video of violent Lancaster arrest by deputies
- Amazon Reviewers Swear By This Beautiful Two-Piece Set for the Summer
- Disaster by Disaster
- A White House order claims to end 'censorship.' What does that mean?
- OceanGate suspends all exploration, commercial operations after deadly Titan sub implosion
- Climate Change Ravaged the West With Heat and Drought Last Year; Many Fear 2021 Will Be Worse
- 7-year-old boy among 5 dead in South Carolina plane crash
Recommendation
Small twin
Power Companies vs. the Polar Vortex: How Did the Grid Hold Up?
Warming Trends: The ‘Cranky Uncle’ Game, Good News About Bowheads and Steps to a Speedier Energy Transition
Mining Company’s Decision Lets Trudeau Off Hook, But Doesn’t Resolve Canada’s Climate Debate
Residents worried after ceiling cracks appear following reroofing works at Jalan Tenaga HDB blocks
JoJo Siwa Details How Social Media Made Her Coming Out Journey Easier
Kate Spade 24-Hour Flash Deal: Get This $260 Crossbody Bag for Just $59
Why Jennie Ruby Jane Is Already Everyone's Favorite Part of The Idol