PHOENIX and BURLINGTON, Vt., Jan. 24, 2017 /PRNewswire/ -- Vermont is the No. 9 U.S. Growth State for 2016, according to the latest U-Haul migration trends report.
Vermont climbed seven spots from its No. 16 growth ranking for 2015. Year-over-year arrivals of one-way truck rentals jumped 8 percent last year in Vermont, and departures rose 4 percent as overall U-Haul traffic increased.
Arrivals accounted for 53 percent of U-Haul traffic in 2016 thanks to locations such as White River Junction, Rutland and Burlington, the cities to pace Vermont in its net gain of one-way U-Haul trucks. White River Junction is the No. 2 U-Haul U.S. Growth City for locations with a population fewer than 10,000.
Follow the Top 10 Growth States daily countdown through Feb. 3 on Twitter @uhaul and view other migration trends reports, including the U.S. Growth Cities release, at myuhaulstory.com. Arkansas was named the No. 10 growth state on Monday.
Growth States are calculated by the net gain of one-way U-Haul truck rentals entering a state versus leaving a state during a calendar year. Migration trends data is compiled from more than 1.7 million one-way U-Haul truck rental transactions that occur annually.
While migration trends do not correlate directly to population or economic growth, U-Haul growth data is an effective gauge of how well cities are attracting and maintaining residents.
"The majority of growth is in northern part of Vermont, and specifically toward the center of the state," said Jim Blair, U-Haul Company of Western Mass and Vermont president. "Our neighborhood dealer network has grown. We've gained about 20 new dealers offering U-Haul rentals over the last two years."
U-Haul area field manager Nate Dandrow, a third-generation Vermont native and former law enforcement official, said the expansion of dealer locations and forming strong partnerships has resulted in serving more do-it-yourself customers.
"I think what's bringing people here is a very good quality of life," said Dandrow, a Watervillle resident. "It may be little more expensive to live here, but the return on their investment is like nowhere else. The quality of relationships people can build here is unique. The old-fashioned sentiment of neighbors caring about neighbors has perhaps fallen by the wayside in some places, but it is alive here."
Vermont is home to more than 100 covered bridges and the largest concentration of sugar maple trees in the country. It has nearly 625,000 residents, according to latest U.S. Census estimate.
Find U-Haul stores and neighborhood dealers in Vermont at uhaul.com/locations.
U-Haul is the authority on migration trends thanks to its expansive network that blankets all 50 states and 10 Canadian provinces. The geographical coverage from more than 21,000 U-Haul locations, including neighborhood dealers and Company-owned and -operated stores, provides a comprehensive overview of where people are moving like no one else in the industry.
Since 1945, U-Haul has been the No. 1 choice of do-it-yourself movers, with a network of more than 21,000 locations across all 50 states and 10 Canadian provinces. U-Haul customers' patronage has enabled the U-Haul fleet to grow to more than 139,000 trucks, 108,000 trailers and 38,000 towing devices. U-Haul offers more than 536,000 rooms and more than 50 million square feet of self-storage space at owned and managed facilities throughout North America. U-Haul is the largest installer of permanent trailer hitches in the automotive aftermarket industry and is the largest retailer of propane in the U.S. www.uhaul.com
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