Current:Home > StocksU-Haul report shows this state attracted the most number of people relocating -TradeWise
U-Haul report shows this state attracted the most number of people relocating
View
Date:2025-04-17 05:38:22
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! (2)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Taylor Swift Returns to Eras Tour Stage With Moving Performance After Death of Fan
- Donna Kelce Proves Jason and Travis Kelce's Bond Extends Far Beyond Football
- Ousted OpenAI leader Sam Altman joins Microsoft
- What do we know about the mysterious drones reported flying over New Jersey?
- This is how far behind the world is on controlling planet-warming pollution
- More free COVID-19 tests from the government are available for home delivery through the mail
- India and Australia set to hold talks to boost defense and strategic ties
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- Jimmy Johnson to be inducted into Cowboys' Ring of Honor in long-awaited move
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- Italy is outraged by the death of a young woman in the latest suspected case of domestic violence
- BaubleBar’s Black Friday Sale Is Finally Here—Save 30% Off Sitewide and Other Unbelievable Jewelry Deals
- NTSB investigators focus on `design problem’ with braking system after Chicago commuter train crash
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Moviegoers feast on 'The Hunger Games' prequel, the weekend's big winner: No. 1 and $44M
- Aaron Nola agrees to seven-year, $172 million contract to return to Phillies
- A$AP Rocky will soon learn if he’s going to trial for charges of shooting at former friend
Recommendation
Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
2024 NFL draft first-round order: Carolina Panthers continue to do Chicago Bears a favor
Graham Mertz injury update: Florida QB suffers collarbone fracture against Missouri
Test flight for SpaceX's massive Starship rocket reaches space, explodes again
Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
Shakira reaches a deal with Spanish prosecutors on the first day of tax fraud trial
Vogt resigns as CEO of Cruise following safety concerns over self-driving vehicles
Canned seafood moves beyond tuna sandwiches in a pandemic trend that stuck