FINANCIAL FREEDOM COUNTDOWN

STATES LOSING POPULATION: EXODUS FROM CALIFORNIA AND ILLINOIS TO FLORIDA AND TEXAS CONTINUES

2022 saw booming demand for U-Haul equipment from California, Illinois, and New York as citizens chose to flee the West Coast, Northeast, and Midwest.

U-Haul rental trucks had the highest demand for outbound moves from California and Illinois in 2022.

Long-Term Migration Patterns Hold Steady

In 2022, the top growth states according to U-Haul’s Annual Growth Index were Texas, Florida, and the Carolinas—emerging as particularly sought-after one-way truck rental destinations.

Floral Frame

Is the Migration Due to Political Ideologies?

The top five states seeing a mass exodus (including their ranking in 2021) are all Democrat-controlled.

Impact of Changing Economic Conditions

The mining industry was the leading contributor to the increases in real GDP in Alaska, Texas, Oklahoma, Wyoming, North Dakota, and New Mexico.

Terrain Map
Terrain Map

Why Are Certain States Shedding Residents?

The Census Bureau reported that the pandemic had a modest impact on retirement timing.

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