PHOENIX--(BUSINESS WIRE)--Jan 2, 2025--
The trend of southern states netting larger numbers of one-way U-Haul ® customers continued during 2024, with South Carolina topping the U-Haul Growth Index for the first time.
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Texas, North Carolina, Florida and Tennessee round out the five leading growth states.
California experienced the greatest net loss of do-it-yourself movers in U-Haul equipment and ranks 50th for the fifth consecutive year.
Growth rankings are configured by each state’s net gain (or loss) of customers utilizing one-way U-Haul equipment in a calendar year. The U-Haul Growth Index is compiled from well over 2.5 million one-way U-Haul truck, trailer and U-Box ® moving container transactions that occur annually.
“State-to-state transactions from the past year reaffirm customer tendencies that have been pronounced for some time,” stated John “J.T.” Taylor, U-Haul International president. “Migration to the Southeast and Southwest continues as families gauge their cost of living, job opportunities, quality of life and other factors that go into relocating to a new state. Out-migration remains prevalent for a number of markets across the Northeast, Midwest and West Coast — and particularly California.
“U-Haul continues to expand its network, rental fleet and self-storage footprint so that wherever people move in 2025, we will be there to meet their needs.”
South Carolina climbed three spots in the rankings to unseat Texas, which was the No. 1 growth state for the previous three years (2021-23). Of all the U-Haul movers coming and going from the Palmetto State in 2024, more than 51.7% were arrivals.
Texas has ranked first or second among U-Haul Growth States each year since 2016. Florida has been fourth or higher every year since 2015.
New York, at No. 47 on the list, has its lowest growth ranking in a decade.
Oklahoma (+30), Indiana (+19) and Maine (+18) are the biggest risers year-over-year on the U-Haul Growth Index. Colorado (-31), Nevada (-24), Wyoming (-22) and New Mexico (-21) saw the biggest slides in 2024.
Find past growth rankings and reports at uhaul.com/about/migration.
2024 U-Haul Growth States
2023 growth rankings in parentheses
While U-Haul rankings may not correlate directly to population or economic growth, the U-Haul Growth Index is an effective gauge of how well states and cities are attracting and maintaining residents.
U-Haul is the authority on migration trends thanks to its expansive network that blankets all 50 states and 10 Canadian provinces. The geographical coverage from 23,000-plus U-Haul rental locations provides a broad overview of where people are moving like no one else in the industry.
U-Haul continues to benefit the environment through its shared-use business model. Truck and trailer sharing empowers communities to share moving equipment so that families and individuals don’t need to own large-capacity vehicles to transfer belongings. Sustainability initiatives like U-Haul Adaptive Reuse (the preserving and repurposing of existing buildings for new stores), truck modifications to improve fuel economy, and plastic Ready-To-Go Boxes ® that are shared hundreds of times before being recycled are among the ways U-Haul promotes green business. U-Box Load Share, the Company’s latest sustainability program, continues to earn awards for providing ecofriendly solutions to today’s gig economy.
About U-HAUL
Founded in 1945, U-Haul is the No. 1 choice of do-it-yourself movers with more than 23,000 rental locations across all 50 states and 10 Canadian provinces. The U-Haul app makes it easy for customers to use U-Haul Truck Share 24/7 to access trucks anytime through the self-dispatch and -return options on their smartphones with our patented Live Verify technology. Our customers' patronage has enabled the U-Haul fleet to grow to 192,000 trucks, 138,700 trailers and 39,500 towing devices. U-Haul is the third largest self-storage operator in North America with 1,024,000 rentable units and 88.5 million square feet of self-storage space at Company-owned and -managed facilities. U-Haul is the top retailer of propane in the U.S. and the largest installer of permanent trailer hitches in the automotive aftermarket industry. Get the U-Haul app from theApp StoreorGoogle Play.
South Carolina tops the latest U-Haul Growth Index state rankings, followed by Texas, North Carolina, Florida and Tennessee. Rankings are compiled according to the net gain (or loss) of one-way U-Haul customers who moved in 2024. (Photo: Business Wire)
