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 percent change in real personal income trend from 2021 showed similar patterns with Texas and Florida at 4.8% and 4.7% compared to California at 3.7%.

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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