New York remains one of the places in the US with the highest net losses from one-way U-Haul vans leaving the state.
New York ranked 46th in U-Haul’s 2022 ranking of growth countries, down one place from 2021 when it ranked 45th.
“The U-Haul Growth Index is compiled according to the net profit of one-way U-Haul trucks arriving in a state or city versus departure from that state or city in a calendar year,” according to the U-Haul Haul website.
It’s not like the rest of the Tri-States can brag too much about their ranking. New Jersey saw a more dramatic drop to the bottom of the list this year, finishing 45th — nine spots down from 2021, when it was 36th. Connecticut landed more in the middle at 28th place, but that’s 10 spots down from last year’s ranking.
According to U-Haul, there was a record-breaking number of relocations in 2021, and while that rate has slowed slightly in 2022, the trend of moving to the Southwest and Southeast continues.
Illinois ranked 49th and California 50th on the list as the moving company saw high demand for rental cars from the West Coast, Midwest and Northeast.
Texas ranks #1 for moving companies for the second year in a row and fifth since 2016, according to U-Haul’s transaction data. Missouri City, Richardson and Conroe were the cities with the highest net gains for the Lone Star State.
U-Haul’s Growth States Ranking places Florida second and the Carolinas third and fourth for highest net profit of single-use U-Haul movers.
The year’s top climbers were Virginia and Alabama, both of which ranked 26 places higher than 2021. Virginia rose from 31st in 2021 to 5th in 2022, and Alabama rose from 46th in 2021 to 20th in the year 2022 on.
The company warns that population and economic growth don’t directly correlate to U-Haul migration trends, but says over 2 million truck transactions at its 23,000 U-Haul truck and trailer sharing locations is a good indicator How US States Attract New Residents.