Report Shows Less NY Growth as More are Haulin’ It South!
Is everyone moving out of New York State?
Well, not everyone. But how many times have you heard people state their desire to live outside of New York? Especially in the midst of the pandemic - and for a variety of reasons - it seemed like 1 out of every 10 people I knew either wanted to or did move down south when New York was on lock.
Places like Florida, Virginia, Texas, and the Carolinas seem to be most desired and the data reflects that, showing an influx in residents over the years, whereas places like New York and Californian, well that's a whole different story.
Not only are people leaving New York, but few have any desire to want to live here according to a report recently published by U-Haul.
How does U-Haul compile this data?
The report by U-Haul is a growth index study compiled yearly "according to the net gain of one-way U-Haul trucks arriving in a state or city, versus departing from that state or city, in a calendar year."
So basically, they counted up the people who rented a one-way U-Haul, packed that baby up, and said "Peace, see ya later!"
The data, according to U-Haul was compiled from more than 2 million one-way U-Haul truck transactions across the U.S. and Canada.
Which states did people move to the most in 2022?
According to the report, warm-weather states dominated, as Texas was number one on the list, followed by Florida.
South Carolina, North Carolina, Virginia, Tennessee, Arizona, Georgia, and surprisingly Ohio and Idaho found their way on the list, rounding out the top 10 growth states.
According to the data, Virginia and Alabama saw the biggest jump from year to year, climbing 26 spots from their 2021 rankings.
The report wasn't so great, again, for the State of New York.
As more and more people are opting for warmer weather, states like New York, Massachusetts, Michigan, Illinois, and California showed the least growth in 2022. Here are the rest of the bottom 8 states.
- 43. Arkansas
- 44. Maryland
- 45. New Jersey
- 46. New York
- 47. Mass
- 48. Michigan
- 49. Illinois
- 50. California
New York was number 46 on the list, down from 45 last year. Only Mass., Michigan, Illinois, and California had less growth.
While the U-Haul migration trend does not correlate directly to population or economic growth, it does indicate the areas people are less likely to want to live and even likelier to leave.
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