Austin is one of the fastest-growing cities in the country and has been for some time, and for good reason,” Adler said. “But our challenge now is to make sure these U-Haul vehicles don’t get stuck in traffic and that the people driving them – as well as the people already here – can afford to pay their bills.”
Austin lassos the No. 3 ranking in the U-Haul Top 10 U.S. Growth Cities for 2015 after claiming the No. 1 spot on this list for 2014. Growth rankings are determined by the net gain of incoming one-way U-Haul truck rentals versus outgoing rentals for the past calendar year.
U-Haul locations in Austin saw 50.8 percent of truck rental customers coming into the city as opposed leaving. Austin welcomed 6 percent more U-Haul arrivals year-over-year, while its departures were up 7 percent over the same span. The overall bump in U-Haul traffic made the Live Music Capital of the World a very lively hub for do-it-yourself movers.
“Austin leads the country in job growth, including middle-class jobs, but people also move here to go to the University of Texas (like I did many years ago) and to become immersed in our creative community, whether it’s the music scene or our growing film industry,” Adler said.
“People also come here to start the next big thing in tech or to bring their innovations to market. And as hard as it is to believe it, some people come here from California and New York because our housing is less expensive.”
Speaking of value, the University of Texas ranks as one of the best values for a public university in the country, according to a 2016 report by Kiplinger. More than 50,000 undergraduate and graduate students attend UT, many of whom fall in love with Austin and decide to make it their home after securing their degrees.
Austin is the second Texas city on the growth rankings list, with College Station netting sixth.
While U-Haul migration trends don’t correlate directly to population or economic growth, the growth cities data is a strong gauge of how well cities are attracting and keeping residents. Continue following the U-Haul Top 10 U.S. Growth Cities countdown at myuhaulstory.com and via Twitter @uhaul.