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Indiana among top growth states for 2021

(Heather Starr/WOWO News)

INDIANAPOLIS (Inside Indiana Business): More people are moving into the Hoosier State, according to the annual U-Haul Growth Index. The report ranks Indiana No. 6 among growth states in the U.S., compared to No. 12 the previous year.

U-Haul says growth states are calculated by the net gain of one-way U-Haul trucks entering a state versus leaving a state in a calendar year. The data comes from more than 2 million one-way U-Haul truck customer transactions annually.

The index says Indiana’s top growth cities include South Bend, Noblesville, Fort Wayne, Carmel, Jeffersonville and Elkhart. U-Haul says people coming into Indiana increased 16% compared to 2020, while departures increased 15%.

“Indiana has become a very desirable place to live and work,” said William Meguschar, U-Haul Company of South Central Indiana president. “All the major economic indicators, including new and existing business growth, have led to jobs and low unemployment. Our economy and a very low-to-moderate cost of living make Indiana attractive. In particular, the overall cost of housing is exceptionally low compared to neighboring states.”

Texas is ranked the No. 1 growth state in the country, followed by Florida, Tennessee, South Carolina and Arizona. California is ranked at the bottom of the list, along with Illinois, Pennsylvania and Massachusetts.

You can connect to the full list by clicking here.

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