U-Haul: Vermont Number 10 growth state for 2017

Vermont Business Magazine Vermont was the Number 10 Growth State for 2017, according to U-Haul data analyzing the past year's US migration trends. Year-over-year arrivals of one-way U-Haul truck rentals rose 6 percent while departures jumped 10 percent from Vermont's 2016 numbers. Despite the spike in departures, arriving trucks still accounted for 52.2 percent of all one-way U-Haul traffic in Vermont to keep it among the leading net-gain states. Vermont earned the Number 9 growth ranking for 2016 after climbing from Number 16 for 2015. Connecticut (8) was the only other Northeast state in the top 25, according to U-Haul.

Growth States are calculated by the net gain of one-way U-Haul truck rentals entering a state versus leaving a state during a calendar year. Migration trends data is compiled from more than 1.7 million one-way U-Haul truck rental transactions that occur annually.

Meanwhile, Vermont was Number 1 in the nation in a United Van Lines report issued last week on moving trends.

In the U-Haul data, Texas was the Number 1 Growth State for the second year in a row. Florida, Arkansas, South Carolina and Tennessee rounded out the top five, and North Carolina ranked seventh, continuing a strong growth movement in the Southeast. California overtook Illinois on the list as the biggest net-loss state.

While migration trends do not correlate directly to population or economic growth, U-Haul growth data is an effective gauge of how well states and cities are attracting and maintaining residents.

White River Junction and Burlington paced Vermont's net gain of one-way U-Haul trucks. Randolph, South Londonderry, Derby and Saints Johnsbury were among other notable cities to post strong net gains. 

U-Haul is the authority on migration trends thanks to its expansive network that blankets all 50 states and 10 Canadian provinces. The geographical coverage from more than 21,000 U-Haul locations provides a comprehensive overview of where people are moving like no one else in the industry.

Texas continued its reign as America’s No. 1 Growth State during 2017, according to U-Haul data analyzing the past year’s U.S. migration trends.

Year-over-year arrivals of one-way U-Haul truck rentals rose 1 percent while departures climbed 3 percent from Texas’s 2016 numbers. Some of the state’s increase in overall U-Haul transactions can likely be attributed to an active hurricane season.

Despite a larger year-over-year increase in departures, arriving trucks still accounted for 50.3 percent of all one-way U-Haul traffic in Texas to maintain its status as the top net-gain state. Texas secured the No. 1 growth ranking for 2016 after settling for the No. 39 spot for 2015.

Growth States are calculated by the net gain of one-way U-Haul truck rentals entering a state versus leaving a state during a calendar year. Migration trends data is compiled from more than 1.7 million one-way U-Haul truck rental transactions that occur annually.

Florida, Arkansas, South Carolina and Tennessee rounded out the top five, and North Carolina was seventh, continuing a strong growth movement in the Southeast. California overtook Illinois on the list as the biggest net-loss state.

While migration trends do not correlate directly to population or economic growth, U-Haul growth data is an effective gauge of how well states and cities are attracting and maintaining residents.

U-Haul Growth State Rankings for 2017
  1. Texas
  2. Florida
  3. Arkansas
  4. South Carolina
  5. Tennessee
  6. Washington
  7. North Carolina
  8. Connecticut
  9. Colorado
  10. Vermont
  11. Alabama
  12. Iowa
  13. Virginia
  14. Idaho
  15. West Virginia
  16. Nebraska
  17. Indiana
  18. Delaware
  19. New Mexico
  20. Wisconsin
  21. Utah
  22. Wyoming
  23. Mississippi
  24. Oklahoma
  25. Montana
  26. Maine
  27. South Dakota
  28. Washington D.C.
  29. Kentucky
  30. Missouri
  31. New Hampshire
  32. Oregon
  33. Nevada
  34. Ohio
  35. Minnesota
  36. Alaska
  37. North Dakota
  38. Kansas
  39. Rhode Island
  40. Louisiana
  41. Georgia
  42. Maryland
  43. Arizona
  44. New York
  45. New Jersey
  46. Massachusetts
  47. Michigan
  48. Pennsylvania
  49. Illinois
  50. California

* Washington, D.C. is its own U-Haul territory and is listed among states for migration purposes. Hawaii is not included since state-to-state truck rentals are not applicable.

View the complete top 50 rankings along with more migration trends reports, including U.S. Growth Cities, at myuhaulstory.com.

RELATED STORY: Vermont has highest rate of moving-in in US

Source: U-Haul PHOENIX and BURLINGTON, Vt., Jan. 8, 2018 /PRNewswire/ uhaul.com