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One scenic state in the Southeast has become the most popular place to move to in 2024, a recent study found. According to U-Haul.
The moving and storage company recently published its report u-Haul Growth Index, Which measures the number of customers who use one-way U-Haul equipment each year. South Carolina, the 2024 host, ousted Texas, which has topped the list over the past few years, from the top spot.
“The growth rankings are generated by each state’s net profit (or loss) from customers using U-Haul one-way equipment in the 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® transport container transactions completed annually.”
| tape | protection | last | It changes | % changes |
|---|---|---|---|---|
| belt | U-Haul Holdings | 70.42 | +2.06 |
+3.01% |
Here are the least to most popular states to move to in 2024, according to U-Haul:
Study ranks US states with most cash-strapped residents – see list
A popular Southern state topped the U-Haul Growth Index last year, a study found. (Getty Images/iStock/Getty Images)
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. Who?
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
Although Texas still ranks highly, U-Haul noted that the Palmetto State actually knocked Texas out of first place last year.
“Texas has ranked first or second among U-Haul growth states every year since 2016,” the company noted. “Florida has ranked fourth or higher every year since 2015.”
A U-Haul pickup truck is parked in a suburban neighborhood in San Ramon, California. (Smith Collection/Gado/Getty Images/Getty Images)
“Of all U-Haul movers coming and going from the Palmetto State in 2024, more than 51.7% were expatriates,” the company added.
In a statement, U-Haul International President JT Taylor said 2024’s state-to-state transactions “reaffirm customer trends that have been reported for some time.”
“Migration to the Southeast and Southwest continues as families weigh their costs of living, employment opportunities, quality of life and other factors that go into moving to a new country,” Taylor said. “Off-migration remains prevalent in a number of markets across the Northeast, Midwest and West Coast – especially California.”
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“U-Haul continues to expand its network, rental fleet and self-storage space so that wherever people move in 2025, we will be there to meet their needs,” he added.
The rise in migration to Southern states is not surprising in light of other recent studies. Last year, the National Association of Realtors Migration trends report 2024 It also found that southern states were the most popular areas to move to.
A U-Haul truck is parked in a residential area in San Jose, California. (Smith Collection/Gado/Getty Images/Getty Images)
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Interestingly, only 1% of those who migrated south did so because of the weather, according to the report. Meanwhile, 42% of Americans reported moving to a different state for housing reasons, while 26% did so for family reasons and 16% crossed the border for Reasons for employment.
Click here To read the full results of the U-Haul study.
Fox Business Channel’s Breck Dumas contributed to this report.
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