U-Haul Growth Index: Myrtle Beach is the 17th largest US growth city in 2021 | Business
Myrtle Beach is the 17th fastest growing city in America by U-Haul® truck trips throughout 2021, according to transactional data compiled for the U-Haul Annual Growth Index.
The number of people traveling to Myrtle Beach in one-way U-Haul trucks is up nearly 32% year-over-year, while departures are up 30% from 2020.
Arriving customers accounted for 52.4% of all one-way U-Haul traffic in Myrtle Beach in 2021, making it a top city for do-it-yourself movers. Myrtle Beach, a longtime tourist attraction and beach destination on the Atlantic Coast, was last ranked among America’s 25 growing cities in 2018 – when it was 18th.
“There has been a lot of residential and apartment development in Myrtle Beach,” said Matthew McCoy, president of U-Haul’s South Atlantic Coast company. “There have always been seasonal moves here. We see a lot of people coming from Canada. But more and more people decide to stay. Myrtle Beach stretches up and out. It is now a rising city. With mild winters and great beaches, it’s no wonder people are moving to Myrtle Beach.
The Kissimmee-St. The Cloud Corridor (Fla.) is the top growth city for 2021. The markets of Raleigh-Durham (NC), Palm Bay-Melbourne (Fla.), North Port (Fla.) and Madison (Wis.) round out the top five .
Florida has 10 markets in the U-Haul 25 fastest growing cities. Texas has five cities on the list, while North Carolina, Wisconsin and California have two each.
Growing cities are calculated by the net gain of one-way U-Haul trucks entering a city versus leaving that city in a calendar year. Migration trend data is compiled from more than 2 million one-way U-Haul truck customer transactions that occur each year. Towns near U-Haul markets are often grouped together for the purpose of migration trends.
Although U-Haul migration trends are not directly correlated with population or economic growth, the U-Haul Growth Index is an effective indicator of cities’ ability to attract and retain residents.
Visit myuhaulstory.com to view the 50 fastest growing states and 25 fastest growing Canadian cities.
U-Haul is the authority on migration trends with its extensive network that spans all 10 provinces and 50 states. Geographic coverage of over 23,000 U-Haul truck and trailer sharing locations provides a comprehensive view of where people travel like no one else in the industry.
Independent small business owners interested in joining the U-Haul dealer network at no cost and earning commissions on rental transactions at their locations can visit uhaul.com/dealer to learn more and submit an information form.