A recent study revealed that a scenic state in the southeast is the most popular place to move to in 2024. According to U-Haul.
The moving and storage company recently posted U-Haul Growth Index, it measures how many customers use one-way U-Haul equipment each year. South Carolina, the 2024 winner, has overtaken Texas, which has topped the list for the past few years, from the top spot.
“Growth ratings are configured by each state's net gain (or loss) of customers using one-way U-Haul equipment in a calendar year,” the study explained. “The U-Haul Growth Index is compiled from more than 2.5 million one-way U-Haul truck, trailer and U-Box® moving container transactions that occur annually.”
Ticker | Security | End | To change | Change % |
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BELT | U HAUL HOLDING | 70.42 | +2.06 |
+3.01% |
According to U-Haul, the least popular states to move to in 2024 are:
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50. California
49. Massachusetts
48. New Jersey
47. New York
46. Pennsylvania
45. Illinois
44. Louisiana
43. Michigan
42. Maryland
41. Connecticut
40. Colorado
39. Mississippi
38. Rhode Island
37. New Mexico
36. Wyoming
35. Nevada
34. Oregon
33. New Hampshire
32. Kansas
31. North Dakota
30. West Virginia
29. Nebraska
28. Missouri
27. Alaska
26. Hawaii
25. Kentucky
24. Montana
23. Iowa
22. Wisconsin
21. Delaware
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20. Vermont
19. South Dakota
18. Minnesota
17. Virginia
16. Alabama
15. Georgia
14. Ohio
13. Maine
12. Arkansas
11. Oklahoma
10. Idaho
9. Utah
8. Indiana
7. Washington
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6. Arizona
5. Tennessee
4. Florida
3. North Carolina
2. Texas
1. South Carolina
While Texas still ranks high, U-Haul noted that the Palmetto State knocked Texas out of the top spot last year.
“Texas has ranked first or second among U-Haul Growth States every year since 2016,” the company said. “Florida ranks fourth or higher every year since 2015.”
“Over 51.7% of all U-Haul carriers in and out of the Palmetto State in 2024 are inbound,” the company said.
JT Taylor, president of U-Haul International, said in a statement that the 2024 interstate operations “reaffirms customer trends that have been announced for some time.”
“Migration to the Southeast and Southwest continues as families weigh the cost of living, job opportunities, quality of life and other factors that drive them to move to a new state,” Taylor said. “Foreign migration is dominant for a number of markets in the Northeast, Midwest and West Coast, and particularly for California.”
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“U-Haul continues to expand its network, rental fleet and self-storage capabilities so that wherever people move in 2025, we will be there to meet their needs.”
The increase in migration to southern states is not surprising given other recent studies. Last year, the National Association of Realtors 2024 Migration Trends report also found that the southern states were the most popular areas to move to.
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Interestingly, only 1% of those who moved south did so because of the weather. At the same time, 42% of Americans who moved to a different state cited reasons related to housing, 26% for family reasons, and 16% for crossing borders. employment reasons.
Click here To read the full results of the U-Haul study.
Fox Business' Breck Dumas contributed to this report.
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