New York remained one of the places in the US with the highest net losses of one-way U-Haul trucks leaving the state.
New York ranked 46th Ranking of U-Haul Growth Countries in 2022, which is one point lower than in 2021 when it ranked 45th.
“The U-Haul Growth Index is compiled according to the net earnings of one-way U-Haul trucks arriving in a state or city, versus departing from that state or city, in a calendar year,” according to the U-Haul website.
It’s not like the rest of the tri-state gloated too much about their ranking. New Jersey saw a more dramatic drop to the bottom of the list this year, ranking 45th – 9 places down from 2021 when it was ranked 36th. Connecticut finished in the middle of the pack at 28th, but that’s 10 spots lower than in the previous year’s standings.
U-Haul says 2021 saw a record number of moves, and while that rate slowed slightly in 2022, the trend toward the southwest and southeast continues.
Illinois ranked 49th and California ranked 50th on the list as the moving truck company saw high demand for rentals leaving the West Coast, Midwest and Northeast.
For the second year in a row and the fifth time since 2016, Texas has the top spot in terms of engines, according to transaction data for U-Haul. Missouri City, Richardson, and Conroe were the cities with the highest net gains for the Lone Star State.
The U-Haul developed states ranking places Florida in second place and Carolina in the third and fourth positions for the highest net profit for one-way U-Haul movers.
Virginia and Alabama were the top climbers for the year, both ranking 26th higher than they did in 2021. Virginia rose from 31st in 2021 to 5th in 2022, and Alabama rose from 46th in 2021 to 20th in 2022.
The company warns that population and economic growth are not directly related to U-Haul immigration trends, but says the more than 2 million truck transactions at 23,000 U-Haul truck and trailer sharing locations are a good indicator of how attractive the new US states are. population.
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