Tennessee posted the largest net gain of U-Haul trucks crossing its borders in 2020, making it the Number One U-Haul growth state for the first time.
This, according to a press release that U-Haul company officials published this week.
“Growth states are calculated by the net gain of one-way U-Haul trucks entering a state versus leaving that state in a calendar year. Migration trends data is compiled from more than 2 million one-way U-Haul truck customer transactions that occur annually,” according to the press release.
“Tennessee’s influx of do-it-yourself movers during a turbulent year marked by the coronavirus pandemic means that a state other than Florida and Texas tops the growth rankings for the first time since 2015, when North Carolina led the way.”
U-Haul customers, the press release said, made Texas and Florida their top two destinations from 2016-19.
“Texas had the largest net gain of one-way U-Haul trucks for three consecutive years before Florida flipped the order and became No. 1 last year. Texas is second for growth, and Florida third, for 2020,” according to the press release.
“Ohio, Arizona, Colorado, Missouri, Nevada, North Carolina and Georgia round out the top 10 states for 2020 growth as self-movers continue to migrate to the Southeast, as well as markets in the Southwest, Midwest and Rocky Mountain regions.”
California, Illinois, New Jersey, Massachusetts, and Maryland ranked last.
As reported in 2018, Tennessee has had a big influx of people coming in from Florida, according to numbers a Florida newspaper editor gathered from the U.S. Census Bureau.
As The Tennessee Star reported last month, Tennessee’s Hall Tax ceased to exist as of January 1. Experts said that will bring new opportunities to Tennessee and make the state’s economy more competitive.
The Hall Tax, instituted in 1929, applied a 6 percent tax to Tennesseans’ interest and dividend income. In 2016 members of the Tennessee General Assembly phased out the Hall Income Tax over years of scheduled reductions.
Members of the Arlington, Virginia-based American Legislative Exchange Council, in their 2017 edition of Rich States, Poor States said that “Americans in states with poor economic policies increasingly vote with their feet and move to states with better opportunities and brighter horizons.”
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