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A recent study found that a picturesque Southeastern state has become the most popular place to settle in 2024, according to U-Haul.
The moving and storage company recently released its U-Haul Growth Index, which measures the number of customers who use U-Haul equipment one-way each year. South Carolina, the 2024 winner, knocked Texas, which had topped the list in recent years, out of first place.
“Growth rankings are configured based on each state’s net gain (or loss) of customers using U-Haul one-way equipment in a calendar year,” the study explains. “The U-Haul Growth Index is compiled from more than 2.5 million one-way transactions of U-Haul U-Box® trucks, trailers and moving containers that occur each year.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| UHAL | U HAUL HOLDING | 70.42 | +2.06 |
+3.01% |
Here are the least popular states to move to in 2024, according to U-Haul:
STUDY RANKS US STATES WITH MOST FINANCIALLY DISTRIBUTED RESIDENTS – VIEW LIST
A popular southern state topped the U-Haul Growth Index last year, a study shows. (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. 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
Although Texas still ranks high, U-Haul noted that the Palmetto State actually dethroned Texas from its top spot last year.
“Texas has ranked first or second among U-Haul growth states each year since 2016,” the company noted. “Florida has ranked fourth or higher every year since 2015.”
U-Haul moving truck parked in a suburban neighborhood in San Ramon, California. (Collection Smith/Gado/Getty Images / Getty Images)
“Among all U-Haul movers entering and leaving the Palmetto State in 2024, more than 51.7% were arrivals,” the company added.
In a statement, U-Haul International President JT Taylor said the 2024 interstate transactions “reaffirm customer trends that have been pronounced for some time.”
“Migration to the Southeast and Southwest continues as families evaluate their cost of living, job opportunities, quality of life and other factors that come into play in their move to a new state,” Taylor said. “Out-migration remains prevalent in a number of Northeast, Midwest and West Coast markets, and particularly in California.”
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“U-Haul continues to expand its network, rental fleet and self-storage space so that wherever people go in 2025, we will be there to meet their needs,” he added. .
The increase in migration to the Southern states is not surprising given other recent studies. Last year, the National Association of Realtors Migration Trends Report 2024 also found that Southern states were the most popular regions to move to.
A U-Haul moving truck parked in a residential neighborhood in San Jose, California. (Collection Smith/Gado/Getty Images / Getty Images)
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Interestingly, only 1% of those who migrated south did so because of weather conditions, according to the report. Meanwhile, 42% of Americans who moved to another state cited housing-related reasons, while 26% did so for family reasons and 16% crossed state lines for family reasons. reasons for employment.
Click here to read the full results of the U-Haul study.
Breck Dumas of Fox Business contributed to this report.
