U-Haul, the popular moving truck rental company, recently released its annual report on the top U.S. growth states for the year 2023. According to the report, several states are expected to experience significant growth in the coming years due to a variety of factors such as population growth, job opportunities, and affordable housing. In this article, we’ll take a closer look at the top U-Haul growth states of 2023.
1. Texas
The Lone Star State has been a consistent performer when it comes to population growth, job opportunities, and affordable housing. According to U-Haul, Texas ranked first in the country for net gain of one-way U-Haul trucks in 2020 and is expected to continue its growth trajectory in the coming years.
2. Florida
The Sunshine State is another state that has been experiencing significant growth over the past few years. With its warm climate, booming tourism industry, and no state income tax, Florida is an attractive destination for retirees, entrepreneurs, and job seekers alike.
3. North Carolina
This state has been gaining popularity among millennials and young families due to its high quality of life, affordable cost of living, and growing job market. According to U-Haul, North Carolina ranked fourth in the country for net gain of one-way U-Haul trucks in 2020.
4. Georgia
Georgia has been making headlines in recent years as a hub for tech startups and a growing film industry. With its low cost of living, mild climate, and southern charm, Georgia is expected to continue to attract new residents in the coming years.
5. Tennessee
Last but not least, Tennessee rounds out the top five U-Haul growth states of 2023. Tennessee offers a low cost of living, no state income tax, and a booming healthcare industry, making it an attractive destination for retirees and young families alike.
Other States To Watch
While these five states are expected to experience the most growth in the coming years. U-Haul also reports several highlights in other states that are worth watching. These include Idaho, Arizona, Colorado, Montana, and Utah. All of these have experienced significant population growth and economic development in recent years.
