South Carolina rises to the top in U-Haul's 2024 Growth Index, signaling a shift in migration trends towards the Southeast. Texas and Florida remain popular, while California continues to see high out-migration.
South Carolina has ascended to the top spot in U-Haul's 2024 Growth Index, dethroning both Texas and Florida as the nation's most sought-after moving destinations. This data, derived from over 2.5 million one-way U-Haul trips, reveals a burgeoning trend of migration towards Southeastern states as Americans yearn for more economical living arrangements, enhanced job prospects, and an improved overall quality of life.
While Texas and Florida retain their popularity, securing second and fourth positions respectively, South Carolina's surge signifies a notable shift in the trajectories of relocating individuals. Concurrently, California continues to grapple with the highest outbound migration, languishing at the bottom of the index for the fifth consecutive year.U-Haul meticulously tracks growth trends by scrutinizing net gains and losses stemming from over 2.5 million one-way truck and trailer rentals nationwide. Although not directly correlated with population growth, the U-Haul Growth Index serves as a distinctive gauge for migration patterns. In 2024, Texas maintains its standing as a formidable contender, ranking second and solidifying its position within the top two since 2016. Florida, despite slipping to fourth, continues to attract a substantial influx of movers, lured by its balmy climate and the absence of state income tax. California's persistent relegation to the bottom underscores the ongoing exodus of its residents. High housing costs, elevated taxes, and concerns regarding the quality of life are frequently cited as the driving forces behind this departure. This trend mirrors broader migration patterns away from the West Coast and Northeast. U-Haul anticipates migration patterns to remain consistent in 2025, with Southeastern states retaining their allure for relocating individuals. The unwavering focus on affordability and lifestyle enhancements is likely to perpetuate these trends
Migration South Carolina U-Haul Growth Index Texas Florida California Southeastern States
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