People moving? U-Haul one way truck rentals are a great way to gauge “where are people moving?”
The market in Hudson metro is far different than many of the other markets across the country. We attract a huge amount of students in the fall, and truck inventories explode. Throughout the rest of the year, the Hudson market loses inventory. Leading up to winter, every weekend trucks are loaded up and head one-way to the South Eastern US, especially North Carolina and Florida.
Much of the exodus from Massachusetts is driven by retirees seeking affordability, and milder weather. This makes sense, as retirees have entire households to move after years of accumulation. Many young Americans move with very little.
Massachusetts ranks 36th as of 2015. Maine and Vermont are the only New England states in the top 20. This is most likely not due to the “vibrant” economy of northern New England, but rather reflective of retirees furnishing second homes. Being from northern New England, I can attest that while quality of living is excellent, young people do not move there.
Because of simple supply and demand principles, moving to states in the top 25 of the below list can get pricey. Mostly because the top states are sinks for U-Haul trucks. If you are in a hot market, and looking to move out of state to a place that people are fleeing, you are in luck. Truck costs can be almost 70% less. Consider this from Uhaul.com:
One-way truck from Waltham, MA to Orlando, FL= $2028
Reverse the trip,
Orlando, FL to Waltham, MA= $642
So Where are People Moving?
U-Haul U.S. Growth States for 2015
- North Carolina
- New York
- New Mexico
- South Carolina
- West Virginia
- Washington, D.C.
- South Dakota
- Rhode Island
- North Dakota
- New Jersey
- New Hampshire
So, where are people moving in this great country of ours? This list provided by Uhaul metrics is an interesting way to look out how our populations are always changing. So, where are you moving? Or maybe you are staying put.