Tennessee ranked sixth as a growth state in U-Haul’s annual index, moving down from its No. 3 ranking a year ago.
The index looks at one-way moves using U-Haul from state to state. The 2022 numbers showed that move-ins dropped by 7% while one-way trucks out of South Carolina decreased 6%.
Read the full story
As more Americans move to lower-taxed Republican-led states, a new report by the Tax Foundation indicates that taxation levels play a direct and indirect role as factors contributing to migration patterns.
Taxes often “play an indirect role by contributing to a broadly favorable economic environment. And sometimes, of course, they play little or no role,” Jared Walczak, a vice president at the Tax Foundation, writes in an analysis of 2021 U.S. Census Bureau data and inbound and outbound migration data published by U-Haul and United Van Lines.
“The Census data and these industry studies cannot tell us exactly why each person moved, but there is no denying a very strong correlation between low-tax, low-cost states and population growth,” he wrote. “With many states responding to robust revenues and heightened state competition by cutting taxes, moreover, these trends may only get larger.”
Read the full story
The moving company, U-Haul, released its 2021 Growth Index of cities and markets that gained the most U-Haul trucks, and Florida has 10 cities in the report’s top 25.
U-Haul explained how it determined the rankings in the report.
Read the full story
Tennessee ranked third in the nation for growth in moves to the state in the year 2021 according to a press release by the moving company U-Haul. The ranking is based on the company’s yearly U-Haul Growth Index which analyzed the net gain of one-way entry to states for the year.
Read the full story
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.
Read the full story